Washington DC - The head of the International Monetary Fund, Christine Lagarde, announced Tuesday that she will resign on September 12th. Lagarde was nominated to lead the European Central Bank earlier this month.
Eric LeCompte the Executive Director of the religious development group Jubilee USA, releases the following statement:
"Lagarde moved forward new focuses on gender and inequality at the International Monetary Fund.
"After the Greek crisis, we saw her lead shifts in thinking on the problems with austerity, although we didn't see enough changes in austerity policies at the IMF.
"Now that Lagarde is moving on, there are growing calls for the new head of the IMF to be selected based on the merits of the nominee as opposed to whether or not the person is born in Europe."
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Jubilee USA began when Christian, Jewish and Muslim institutions and faith communities called to cancel debt and invest in some of the world's poorest communities. Our founders range from the US Conference of Catholic Bishops to American Jewish World Service. As a community of faith we still tackle the global and local structural issues of poverty and inequality.
Today, Jubilee USA is a coalition of 700 faith communities around the country and national faith organizations, including the national Lutheran, Presbyterian, United Church of Christ, Methodist and Episcopal churches, the Religious Action Center for Reform Judaism, Islamic Relief and the leadership of numerous Catholic religious orders.
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Jubilee USA Network is an interfaith, non-profit alliance of religious, development and advocacy organizations. We are 75 U.S. institutions and more than 650 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
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.
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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