Poverty

More than 215 Groups Call on G20 to Access $3 Trillion in Global Reserve Funds for Developing Countries

More than 215 organizations sent a letter to the G20 and IMF to issue $3 trillion in global reserves, known as Special Drawing Rights (SDRs). Spanning the globe, the signers argue that SDRs will help countries suffering from the coronavirus crisis and, "send a strong signal of renewed multilateral coordination..."

Catholic Bishops and Jubilee USA Network Ask Biden for Global COVID Aid and Debt Relief

 $3 Trillion in Global Reserve Funds Should be Released to Support Developing Countries, Encourage Faith Leaders

The Biden Administration should support the release of $3 trillion in global reserve funds to support developing countries confront the COVID pandemic, say the US Catholic Bishops and Jubilee USA Network in a letter to President Biden. The letter also encourages the G20 and private groups to cancel debts for suffering developing countries, stopping tax avoidance, increasing aid and creating a permanent global bankruptcy process to prevent future economic crises.

Chad: First Country Requests Debt Relief from G20 Process

Chad became the first country to officially seek debt reduction under a G20-established coronavirus response process. In the fall, the G20 approved the “Common Framework for Debt Treatment beyond the Debt Service Suspension Initiative.” Up to 73 of the world’s poorest countries could seek support under the mechanism."This is the first test of the G20 debt reduction process and the process must deliver serious relief for Chad," stated Eric LeCompte, the Executive Director of the religious development group Jubilee USA Network.

White House Announces Puerto Rico Disaster Rebuilding Aid

The White House announced a $3.7 billion disaster grant for Puerto Rico to rebuild reservoirs, dams, and wastewater facilities.

“Puerto Rico suffers from a debt crisis and is still recovering from hurricanes and earthquakes,” said Eric LeCompte, the Executive Director of Jubilee USA Network, a religious development organization. "The aid is vital as Puerto Rico needs to rebuild infrastructure damaged by disasters."

Stimulus Deal Ups Food Aid for Puerto Rico

Washington DC – Congress passed additional Nutrition Assistance Program food benefits for Puerto Rico as part of its $900 billion COVID stimulus plan.“During the pandemic too many people in Puerto Rico suffered cuts to food benefits,” said Eric LeCompte, Executive Director of the religious development group Jubilee USA. “The new food assistance in the stimulus bill impacts 1.5 million people on the island.”Since the pandemic hit, Puerto Rico religious leaders, US national faith groups and Jubilee USA encouraged Congress to include Puerto Rico in stimulus package plans.

G20, IMF and World Bank Negotiate COVID-19 Debt Relief and Aid Deals

Hundreds of Faith Communities, Development and Human Rights Groups Press for More AidWorld leaders met virtually for the Annual IMF and World Bank Meetings and moved forward several agreements on debt relief and aid for developing countries to combat the coronavirus crisis. In recent weeks, the Pope, G7, United Nations agencies and development groups called for a permanent debt reduction process.Hundreds of anti-poverty organizations, religious institutions and faith communities signed a letter to press the G20 and IMF on a pandemic response plan for developing countries.

IMF Economic Reports: Inequality and Poverty Rising Amidst COVID Crisis

Analyzing the economic crisis spurred by the coronavirus, the International Monetary Fund released the Global Financial Stability Report and the 2020 World Economic Outlook Report, "A Long and Difficult Ascent." The economic outlook report projects global economic growth to contract 4.4%.

Battling Economic Crises, Tropical Storm Laura Slams Haiti and Dominican Republic

Over the weekend, Tropical Storm Laura pummeled Haiti and the Dominican Republic leaving at least 13 dead, infrastructure decimated and towns isolated by landslides.

Fuck the Police march storms Target on 14th st

On the 27th of June, an over 10 mile long FTP(Fuck the Police) march started in Dupont, marched beyond Allison St and over to Ga Ave, and finally back down to BLM Plaza. The highlight of the march was the whole group storming the Target on 14th st to protest their calling the cops on Black and Brown people. Street vendors were mentioned-and if Target is siccing cops on their competition that is especially ugly.

Video-the march storms Target 1 min 46 sec

Storming the building housing Target on 14th st

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