The Wall Street Journal featured Eric LeCompte's analysis of Covid-19's effect on global poverty levels and what the international community can do to effectively respond. Read an excerpt below, and click here for the full story.
Coronavirus Deals a Blow to Global Battle Against Poverty
WASHINGTON—After decades of progress against global poverty, world leaders are facing a setback due to the coronavirus pandemic and struggling to come up with a response that matches the scale of the problem.
“The world’s not moving quickly enough,” said Eric LeCompte, the executive director of Jubilee USA Network, a nonprofit that seeks debt forgiveness for the world’s poorest countries. “The reality is that we’ve had a global $12 trillion stimulus and nearly 90% of that stimulus has been spent in wealthy countries…and less than 3% in developing countries,” those with average incomes under about $4,000.
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