by Lydia Andrews
Friday, Jun. 01, 2018 at 5:46 PM
“This is the first time that Finance and Development Ministers are meeting jointly at the G7 and they can promote solutions for when financial crises and humanitarian crises collide" note Eric LeCompte, Jubilee USA Network Executive Director.
Washington DC - On the first day of the 2018 hurricane season, G7 Finance and Development Ministers are reviewing proposals for debt relief and “innovative financing” when islands are hit by natural disasters. Also focusing on empowering women in the economy, the group meets in Whistler, Canada, through Sunday. These meetings will help prepare outcomes for the upcoming G7 Ministerial meeting that President Trump attends later in June.
“As a new hurricane season begins, there is an urgency for the G7 to promote crisis response tools like debt relief,” noted Jubilee USA Executive Director Eric LeCompte who tracked G7 meetings since 2010. “This is the first time that Finance and Development Ministers are meeting jointly at the G7 and they can promote solutions for when financial crises and humanitarian crises collide.”
Colorado State University's "2018 Tropical Meteorology Project Forecast Schedule," projects that the 2018 hurricane season could be stronger than the 2017 season. From Dominica to Puerto Rico, many islands are struggling to recover from the damage inflicted during the 2017 hurricane season. In September, Jubilee USA began collecting thousands of petitions and organized hundreds of national and local faith communities urging debt relief initiatives when hurricanes strike. These initiatives include providing “breathing space” so when natural disasters hit developing islands they can temporarily stop debt payments and put the money into disaster relief. If a debt payment moratorium is not enough, then Jubilee USA advocates restructuring the debt to deliver further aid.
In recent months major religious leaders and Heads of State went on record calling for such processes including Antigua and Barbuda Prime Minister Gaston Browne and Grenada Prime Minister Keith Mitchell. Caribbean Leaders of the Presbyterian, Roman Catholic, Pentecostal, Seventh Day Adventist, Methodist, Anglican and Episcopal Churches and the Salvation Army joined Jubilee Caribbean urging that this process be in place before this year’s hurricanes hit. The proposals were discussed at the April United Nations Forum on Financing for Development during high-level public and private meetings. The Episcopal Church, Presbyterian Church USA, United Church of Christ, United States Conference of Catholic Bishops and Jubilee USA met with the White House and US G7 team around the proposals.
“Many of the islands that are prone to hurricanes already struggle with high child poverty rates and high debt burdens,” stated LeCompte. “When these islands are struggling to recover and meet the needs of their people, they shouldn’t be paying debt.”
According to Jubilee USA, since the early 2000s, debt relief processes cut the debt of some of the world’s poorest countries. In recent years, debt relief initiatives supported Haiti after it was struck by an earthquake and relieved the debts of three African countries affected by the Ebola outbreak.
Read the Jubilee Caribbean Religious Leader Statement
Jubilee USA Network is an alliance of more than 75 US organizations and 650 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than 0 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org
Available for interview: Eric LeCompte, Executive Director
Contact: Lydia Andrews, Deputy Director
email@example.com / (o) (202) 783-3566 x109 / (m) (847)772-2305
Report this post as:
Marshall Tuck’s racist dog whistle
Marshall Tuck’s ethnocentrism contradicts Californian values
Debunking Some Anti-Prop 10 Propaganda
Why Should California Choose De Leon Over Feinstein?
Change Links September 2018 posted
More Scandals Rock Southern California Nuke Plant San Onofre
Site Outage Friday
Change Links August 2018
Setback for Developer of SC Farm Land
More problems at Shutdown San Onofre Nuke
Change Links 2018 July posted
More Pix: "Families Belong Together," Pasadena
"Families Belong Together" March, Pasadena
Short Report on the Families Belong Together Protest in Los Angeles
Summer 2018 National Immigrant Solidarity Network News Alert!
Watch the Debate: Excluded Candidates for Governor of California
Change Links June 2018 posted
The Montrose Peace Vigil at 12 Years
Unity Archive Project
Dianne Feinstein's Promotion of War, Secret Animal Abuse, Military Profiteering, Censorshi
CA Senate Bill 1303 would require an independent coroner rather than being part of police
Three years after OC snitch scandal, no charges filed against sheriffs deputies
More Local News...
Credit Mr. Richard Enos with outstanding penmanship
Master list=====47 million american on foodstamp List State plus Federal
Cholesterol Medicine Causes Alzheimers
Paraphysique du scientisme
USDA Withholds Names Of Turkey Companies Spreading Salmonella
Hebron, Ben-Gurion, and UNESCO
What Can Destroy Enclosure?
Please Help Mississippians Vote For Mike Espy On Nov 27th
The Incredible & Brilliant Work of Dr TOMO SHIBATA
October 2018 Honduras Coup update
Profit de guerre, guerre de profit
“Animaniacs in Concert!” Starring Voice Legend Rob Paulsen Heads to Seattle
Paraphysique du prodrome oukase
President Trump: Hurricane Relief Should not Pay Puerto Rico Debt
94 Of Rick Scott's, Brian Kemp's, the Mississippi GOP's & Other Republican Campaign Crime
30 Of Brian Kemp's Felonious Racist Vote Suppression Crimes
Help translation of From Islam To Womanism book on IndieGoGo
COP 21, 25, 32, de l'écocide organisé
fbi & fmj are ' Lord of the Flies '
Parangon d'une grande infestation
Video: Beautiful Country Burn Again, 39 min
OBAMA WERE POW'S LEFTBEHIND IN AFGHANISTAN IRAQ AND LIBYA
OBAMA WERE POWS LEFT BEHIND IN AFGAHNISTAN IRAQ AND LIBYA
DID BARACK OBAMA LEAVE POWS BEHIND IN AFGAHNISTAN IRAQ AND LIBYA
DID BARACK OBAMA LEAVE POWS BEHIND IN AFGHANISTAN IRAQ AND LIBYA
Paraphysique de l'Etat d'urgence
Republican Vote Fraud Reached A New Level In Midterms
More Breaking News...