Reuters, Fox Business Covers Jubilee USA Letter to the IMF, G20 and White House on COVID Response
April 07, 2021
Reuters covers Jubilee USA's Covid letter to G20 leaders, the IMF, and the White House in support of debt relief expansion measures. Read an excerpt below, and click here for the full story.
G20 to boost IMF war chest, extend debt-servicing freeze
By Jan Strupczewski, Andrea Shalal
More than 250 faith groups and non-profit organizations urged G20 leaders, the White House and the IMF to go beyond a moratorium to actually cancel debt and expand debt relief for developing countries, in a letter to be delivered on Wednesday.
The draft said debt assessments would be made case by case.
The IMF on Tuesday raised its 2021 global growth forecast to 6%. However, pointing to a dramatic divergence between the outlook for the United States and much of the rest of the world, it said the pandemic could reverse years of progress in reducing poverty.
The draft said the G20 also backed equitable access to COVID-19 vaccines and encouraged efforts to rapidly step up the production and distribution of shots, without which there would be no stable and lasting recovery.
Read the full article here.