Elections/Legislation/Government

Treasury Notifies Congress of $650 Billion Emergency Reserves to Fight Global COVID Crisis

Treasury notified Congress of its support for $650 billion in IMF global reserves, also known as Special Drawing Rights (SDRs), to assist developing countries struggling with the coronavirus crisis. US law requires a ninety-day advance alert to Congress before the US votes for SDRs with the IMF board.

The Shortwave Report 04/02/21 Listen Globally!

This week's show features stories from Radio Deutsche-Welle,  Sputnik Radio, Spanish National Radio, Radio Havana Cuba, and NHK Japan.http://www.outfarpress.com/swr210402.mp3   (If you have access to Audioport there is a highest quality version posted up there {33MB} http://www.audioport.org/index.php?op=producer-info&uid=904&nav=&)        From GERMANY- We will begin

IMF Head: Global Recovery Uncertain as People Face Income Drops

International Monetary Fund head Kristalina Georgieva warned of an uncertain global recovery as the world struggles with the COVID spurred economic crisis. The IMF Managing Director stated concern that average incomes in developing countries faced drops of 20% and 11% in advanced economies. "This loss of income means millions of people will face destitution, homelessness, and hunger," reported Georgieva during her curtain raiser speech ahead of the Spring IMF and World Bank meetings.

The Shortwave Report 03/26/21 Listen Globally!

This week's show features stories from NHK Japan,  Sputnik Radio, Spanish National Radio, and Radio Havana Cuba.http://www.outfarpress.com/swr210326.mp3   (If you have access to Audioport there is a highest quality version posted up there {33MB} http://www.audioport.org/index.php?op=producer-info&uid=904&nav=&)        From JAPAN- China and Russia have agreed to a united fr

IMF Announces $650 Billion in Emergency Reserves Needed to Confront Pandemic Crisis

The International Monetary Fund announced $650 billion in emergency reserve funds are needed to confront the global coronavirus health and economic crisis. The funds are likened to a type of currency the International Monetary Fund creates, called Special Drawing Rights (SDRs).

G7 Supports Emergency Funds for Developing Country COVID Relief

G7 finance ministers agreed to create emergency reserve funds for developing countries wrestling with coronavirus economic impacts. The funds are likened to a type of currency the International Monetary Fund creates, called Special Drawing Rights (SDRs).

The Shortwave Report 03/19/21 Listen Globally!

This week's show features stories from Spanish National Radio, Sputnik Radio, Radio Havana Cuba, and NHK Japan.http://www.outfarpress.com/swr210319.mp3   (If you have access to Audioport there is a highest quality version posted up there {33MB} http://www.audioport.org/index.php?op=producer-info&uid=904&nav=&)        From SPAIN- Alison Hughes presents reports on the protes

Treasury Secretary Yellen and Religious Leaders Hold Historic Meeting on Global COVID Response

Treasury Secretary Janet Yellen, Jubilee USA Network and some of the highest-ranking religious leaders met on global COVID response on Tuesday. The high-level roundtable discussion focused on emergency SDR reserve funds, debt policies, aid, climate change, Puerto Rico relief and bankruptcy, transparency and tax proposals to prevent future crises.

The Shortwave Report 03/12/21 Listen Globally!

This week's show features stories from Radio Deutsche-Welle, NHK Japan, Radio Havana Cuba, and Spanish National Radio.http://www.outfarpress.com/swr210312.mp3   (If you have access to Audioport there is a highest quality version posted up there {33MB} http://www.audioport.org/index.php?op=producer-info&uid=904&nav=&)        From GERMANY- In Brazil corruption charges agains

Stimulus Package Aids Puerto Rico

Congress passed a $1.9 trillion stimulus package that includes Puerto Rico anti-poverty measures and $900 million of increased food aid through the Nutrition Assistance Program. The US territory suffers from a nearly 60% child poverty rate and the coronavirus rescue package funds Puerto Rico's child tax credit benefiting 355,000 low-income families.

“Devastated by the pandemic, debt crisis, high child poverty rates and natural disasters, Puerto Rico needs the stimulus package aid,” said Eric LeCompte, the Executive Director of religious development group Jubilee USA Network.

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