Reuters and Yahoo Finance Quote Eric LeCompte on the Developing Country Debt Crisis

Reuters and Yahoo News quote Eric LeCompte on the Global Sovereign Debt Roundtable. Read an excerpt below, or the full article here.

Focus on timelines, predictability at next sovereign debt roundtable, IMF chief says

By Andrea Shalal

Eric LeCompte, executive director of the Jubilee USA Network, a coalition of religious, development and advocacy groups, said the roundtable needed to deal with key issues such as the failure of private creditors to negotiate debt deals with countries.

"We remain concerned that we are still not solving the debt crises. The slower we see progress, the more difficult it will be to resolve these crises," he said. "The roundtable must urgently define comparable treatment so the public sector stops bailing out the private sector."

Georgieva said she was encouraged that some countries tapping capital markets were finding better conditions, citing the examples of Ivory Coast and Benin.

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