Please Support UN Resolution for an International Bankruptcy Process
September 5th, 2014We would like to share this prayer and action request from our colleagues at Jubilee USA. JPIC Director, Fr. Seamus Finn, OMI co-signed the recent Jubilee letter on this issue to Ambassador Power:
On Tuesday, the United Nations General Assembly could vote on a resolution to not only stop vulture funds, but to actually prevent the world’s poorest economies from defaulting. A majority of countries support it – thanks to the work we have done together, the world is largely united against predatory behavior.
Yesterday, Jubilee’s executive board officers sent a letter to the United States UN Ambassador Samantha Power urging her to support this resolution.
Please pray for Ambassador Power as she weighs her vote, and we hope your entire faith community will pray for the UN process this weekend. We would be honored if you would share your prayers with us by replying to this email.
This resolution is an opportunity to win a financial reform Jubilee USA has championed since our inception: an international bankruptcy process for countries. As the Argentina case highlights so clearly, we need a bankruptcy system to stop predators and end the specter of default. Winning this resolution moves us closer to building an economy that serves, protects and promotes participation of the most vulnerable.
Thank you for your prayers and support.