Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Debt relief claims for poor countries affected by Corona

    Rocky
    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 281267
    Join date : 2012-12-21
    • Post n°1

    Debt relief claims for poor countries affected by Corona Empty Debt relief claims for poor countries affected by Corona

    Post by Rocky Tue 07 Apr 2020, 6:32 am

    Debt relief claims for poor countries affected by Corona

    Debt relief claims for poor countries affected by Corona 19962



    Economy News _ Baghdad
    Nearly 140 pressure groups and charitable organizations urged the International Monetary Fund, the World Bank, the Group of Twenty and private creditors on Tuesday to help the poorest countries in crisis as a result of the emerging Corona virus by forgiving them from debt payments.
    The calls to lead the UK-based Jubilee Debt Relief Campaign come a day before a scheduled meeting of a group of nations tasked with the G20 to respond to developing countries facing the Corona pandemic.
    Separately, Ken Finance of Ata-Atta, who heads the Development Committee advising the World Bank and the International Monetary Fund, has urged China in particular as Africa's largest lender, to do more to ease debt relief.
    The Jubilee Campaign called for the immediate abolition of debt installments and entitlements for 69 poor countries until the end of the year, including benefits for private lenders, and estimated that this would reduce the burden of up to $ 25 billion from those countries or $ 50 billion if extended for the next year.
    It called for any additional financing or debt relief to be made without conditions such as imposing austerity measures and for the G20 to adopt emergency rules prohibiting the prosecution of private sector lenders to poor countries.
    "Developing countries are experiencing an unprecedented economic shock and at the same time facing an urgent health emergency," said Jubilee campaign manager Sarah-Jane Clifton.
    Indeed, major governments and institutions are pushing for the implementation of some of the measures advocated by these groups.
    African governments have recently expressed concerns that the measures put forward so far will not be sufficient.
    The debt relief campaign statement signed by groups such as Oxfam and Save the Children also included a call for a mechanism, across the United Nations, for a systematic and applicable sovereign debt restructuring.


    • Back to top
      Current date/time is Mon 25 Nov 2024, 6:59 pm