Jubilee USA Releases Statement on Japan Summit
Osaka, Japan - Leaders of the world's wealthiest economies gathered at the annual G20 Summit to discuss global policies on trade, climate, debt, tax and financial crisis prevention.
Eric LeCompte the Executive Director of the religious development group Jubilee USA, releases the following statement on the G20 Japan Summit:
"Trade tensions, climate change concerns and preventing global financial crisis dominated much of the Osaka Summit.
"There is great concern at the G20 meetings about debt crises and future financial crisis.
"The G20 was founded to prevent financial crisis and there is willingness to move forward global policies on debt sustainability and transparency. The question is whether or not we can achieve policies that move beyond voluntary crisis prevention and implement binding policies that will prevent future crisis.
"Combating financial secrecy and raising revenue in countries remained a key focus of the Japan meetings.
"Fundamentally, we need trade policies that protect workers and the vulnerable. We need to see shifts in the status quo on trade policies.
"Climate is a critical issue, especially as the G20 focused this meeting on ensuring that economies can be more resilient in the face of natural disasters. Economies that can be resilient in the face of disaster need debt policies that offer relief until recovery goals are met."
Jubilee USA Network is an alliance of more than 75 US organizations, 650 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.
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