Poverty

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

Fund Care Not Cops march takes to the streets, heckles Trump Hotel

On the 12th of June, several DC neighborhood based groups backed by Empower DC and Democratic Socialists of America marched from Federal court to Freedom Plaza with a "Fund care not cops" demand. On the way they stopped to boo and heckle Trump Hotel.This is a continuation of two weeks of protests for George Floyd and so many others murdered by police.

Video-marchers at Trump Hotel 56 sec

The march at Trump Hotel

G7 Finance Ministers Discuss Coronavirus Debt and Transparency Impacts for Developing Countries

Amidst questions of upcoming G7 meeting dates and which countries are participating, G7 Finance Ministers met virtually about economic issues related to the COVID-19 pandemic.

Burglars fan out, hit shopping areas all over the city as cops focus on protesters

On the 2nd of June, the Washington Post reported that commercial burglaries have soared in parts of DC well away from the protests such as Georgetown and Tenleytown. While cops focus on beating, gassing, and kettling protesters, the looting has moved to safe rear areas free of police.MPD claims they normally get three burglary reports a day but over 150 on Monday July 1 and over 50 on Sun.

IMF Calls "Great Lockdown" Worst Economic Crisis Since the Great Depression

The IMF says we face the worst economic crisis since the Great Depression because of the coronavirus. As world leaders gather virtually for the Spring International Monetary Fund and World Bank Meetings, the Fund released its April World Economic Outlook Report, dubbing the crisis, the "Great Lockdown" and reporting that the global economy will lose at least $9 trillion in 2020 and 2021.

G20 Emergency Meeting Convenes on Coronavirus Health and Economic Impacts

Washington DC -  Saudi Arabia chaired an emergency virtual G20 meeting for Presidents and Prime Minsters as the coronavirus wreaks havoc on the global economy. The leaders pledged to pump $5 trillion into the economy, cooperate on health efforts and address debt risks facing poor countries."World leaders are incredibly concerned about a crisis that is taking lives and could destroy our economy," shared Eric LeCompte, a United Nations finance expert and Executive Director of the religious development group Jubilee USA.

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