Washington DC – The IMF releases the Global Financial Stability Report and raises significant concerns on the global economy.

Eric LeCompte, Executive Director of the religious development group Jubilee USA Network and a United Nations finance expert who monitored IMF meetings since 2010, releases the following statement on the IMF Meetings and the Global Financial Stability Report:

"The IMF is asserting we are facing severe risks in the financial system due to concerns with the banking system, possible stock declines and countries having unsustainable debts.

"The news of these IMF meetings is simple. Unless we start to address major risks to the financial system, our economy will get much worse."

Read the full Global Financial Stability Report here.

Read Jubilee USA's statement on the IMF World Economic Outlook report here.

Read Jubilee USA's press release on IMF chief Kristalina Georgieva's curtain-raiser speech here.

Read Jubilee USA's statement on the passing of Pope Francis who had focused this year's Church efforts on debt relief and IMF reform here.