News Archives » international debt
Lift the Debt Burden on Poor Countries September 21st, 2009
Without debt relief, the developing world has little hope of economic progress, say the Rev. John Welch* and Ruth Messinger*.
The two members of Jubilee USA argue for debt cancellation in the poorest countries in a compelling article published in the Pittsburgh Post Gazette on the eve of the G-20, the international financial summit being hosted by President Obama.
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$1.2 Billion in Haitian Debt Cancellation: A Welcome Victory July 1st, 2009
Extended Campaign to Win Relief for Haiti Finally Pays Off
The Oblate JPIC Office joins other members of the Jubilee USA Network in welcoming the news that, at last, Haiti has reached “completion point” in the Heavily Indebted Poor Countries program.
This step means the cancellation of $1.2 billion in external debt owed by the impoverished island nation to bilateral and multilateral lenders including the IMF, World Bank, and US government. The Boards of the World Bank and IMF met on June 30 to formally approve Haiti’s debt stock cancellation under HIPC and the Multilateral Debt Relief Initiative.
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Time is Running Out on the Jubilee Act! Contact Your Senator Today July 24th, 2008
Jubilee USA members worked hard to get the Jubilee Act passed in the House of Representatives last April. But, the bill must also pass in the Senate. With only one week left before the August recess, and limited legislative time this fall, your Senators must hear from you in order to make the Jubilee Act law.
Read our Action Alert for more information and details of how you can help.
Debt Cancellation: A Victory for the World May 12th, 2008
This article by Archbishop Desmond Tutu is a plea for passage of the Jubilee Act and the need for cancellation of the international debt. The Jubilee Act has passed the US House of Representatives and is awaiting Senate action.
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Jubilee Cancel Debt Fast Needs Your Voice! October 1st, 2007
The Jubilee 40-Day Rolling Fast to cancel the debt of low-income countries will end with a Prayer Breakfast and Lobby Day in Washington, D.C. on Tuesday, October 16. The campaign is working to gain passage of the Jubilee Act (H.R. 2634) which calls on the U.S. government to press for debt cancellation of money owed to the World Bank and the IMF for low-income countries not covered by the 2005 G-8 debt deal. Twenty additional countries desperately in need of debt cancellation would benefit from this legislation.
Vulture Fund Wins $15 million from Zambia April 25th, 2007
Jubilee USA Debt campaign urges Congress, President Bush to Take Immediate Action
Tuesday, April 24, 2007 — Today at the UK Royal Court of Justice in London, a judge ruled that Zambia must pay $15.4 million plus a yet to be determined share of legal costs to Donegal International, a vulture fund that had sued Zambia for more than $50 million.
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