Jubilee USA Network

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Pages tagged "Eric LeCompte"


Press

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Eric LeCompte's Thoughts in ValueWalk on Next Hurricane Season

Posted on Press by Lydia Andrews · May 17, 2018 3:44 PM
Eric LeCompte, executive director of Jubilee USA, was quoted in ValueWalk's article today "As Atlantic Region Braces For Another Damaging Hurricane Season, Concern Grows: Islands are unprepared as forecasters predict three hurricanes again" ahead of the next hurricane season.  The article highlights how meteorologists are predicting another three "major" hurricanes this season.  LeCompte stresses the need for disaster and debt relief mechanisms and payment moratoriums ahead of these storms.
To read the full article, click here.

As Atlantic Region Braces For Another Damaging Hurricane Season, Concern Grows: Islands are unprepared as forecasters predict three hurricanes again

Mark Melin   
May 17, 2018

Efforts to reduce the country’s debt load in the wake of the hurricane appear to be moving backward, according to UN sovereign debt consultant and Jubilee USA Executive Director Eric LeCompte. He points out that the initial offer to pay 25 cents on the dollar to investors has now moved 40 cents as serious consideration is being given to so-called G.D.P.-linked bonds tied to the success or failure of the nation’s economic engine.

While efforts to prepare Puerto Rico, a US territory, require a response from the wealthiest nation on earth, smaller independent islands are especially exposed if a hurricane ravages the region again.

Moves are underway at the United Nations that could provide debt relief to independent islands such as Grenada, St Lucia, and Antigua if they are again stricken.

Recent public and private conversations have taken place at the United Nations Financing for Development Forum (FfDForum) in New York. The group is currently considering provisions for automatic debt relief and payment moratoriums when a disaster hits, as well as mandated debt restructuring. After the FfDForum focused on the measure, LeCompte says the G7, G20, International Monetary Fund or UN could call for its adoption and the creation of a legally binding process. Once approved at this level it could become legally binding, he said.

LeCompte expects the provisions to move forward in the next few months, just as the hurricane season could be approaching its historically most volatile period in the fall.


One-time Donation

Posted by Seth Douwsma · February 12, 2018 2:53 PM

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Jubilee USA Network is a tax-exempt non-profit organization under section 501(c) 3 of the U.S. tax code. Your gift is deductible to the full extent of the law.

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Issues

Posted by Seth Douwsma · August 29, 2017 9:29 AM

Jubilee USA Network is an alliance of more than 75 US organizations, 700 faith communities and 50 Jubilee global partners. Jubilee is building an economy that serves, protects and promotes participation of the most vulnerable. Jubilee has won critical global financial reforms and more than $130 billion in debt relief for the world's poorest people. 

Our efforts build the political support needed to influence world-wide decision makers, the White House, Congress, the G20, International Financial Institutions and the United Nations to promote poverty reduction and move solutions to the international debt crisis. Ultimately, we work to create an international financial system that protects and ensures participation of the most vulnerable within the context of human rights. Our advocacy promotes responsible lending and borrowing, increasing debt relief for poor countries, curbing illicit financial flows and corporate tax avoidance, moving forward an international debt resolution process, pushing reforms in international financial institutions and protecting poor people from predatory financial behavior.

Our efforts focus on the following areas. Click below to learn more.

  • Debt and Lending
  • Tax, Corruption, Transparency
  • Banks and Financial Institutions
  • Trade
  • Bankruptcy and Financial Crisis
  • Puerto Rico Debt and Disaster Relief

Home

Posted by Seth Douwsma · July 31, 2017 8:33 PM

Who We Are

Posted by Seth Douwsma · April 08, 2017 5:30 PM

Jubilee USA Network is an interfaith, non-profit alliance of religious, development and advocacy organizations. We are 75 U.S. institutions and more than 750 faith groups working across the United States and around the globe.

We address the structural causes of poverty and inequality in our communities and countries around the world. We focus on the following structural issues:

  • Debt‎ and Lending

  • Tax, Transparency, Accountability and Corruption

  • ‎Consumer Financial Protections

  • Trade Policies

  • Preventing Financial Crisis and Austerity

Congressional Quarterly cites our work as one of the last bipartisan efforts left in Washington. We are Christians, Jews, Muslims and other faith traditions working to build an economy that serves, protects and promotes the participation of the most vulnerable.

Join Us.

Jubilee USA Network is a tax-exempt non-profit organization under section 501(c) 3 of the U.S. tax code. Your gift is deductible to the full extent of the law.

 


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Jan 20, 2023

Concerns of Growth, Pandemic, War and Inflation Top World Economic Forum Agenda

World Bank Cuts Global Growth Forecast as Developing Countries Struggle with Debt Washington DC – Ministers, business leaders, economists and development...
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