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Commentary: effect of DC's decade of IMF protest on current IMF/World Bank policy

On the 5th of April, Jubilee USA reported that the IMF has agreed to suspend "debt" repayments during the pandemic from 28 of the world's poorest countries. While this falls far short of the original and ongoing demand of full debt cancelllation, there is no way the pre-A16/April 2000 IMF and World Bank would have done this. A decade of protests mostly in DC came in between.

260 Faith, Labor and Development Groups Press IMF, G20 and White House on COVID Response

As G20, IMF and World Bank Spring Meetings convene virtually on global COVID response, 260 groups call for developing country aid and policies to prevent future crises and protect the environment.

Organized by Jubilee USA Network, 260 religious groups, anti-poverty organizations, labor unions, environmental and human rights institutions signed a letter on coronavirus crisis response to the White House, G20 and IMF. 

IMF: Indebted Countries Suffer if US Interest Rates Rise

The IMF warns that rising US interest rates could impact the ability of developing countries to pay debt, leading to prolonged economic crisis. The warning comes ahead of IMF, G20 and World Bank meetings, with the Fund's release of the Global Financial Stability Report.

“Except for Zambia, all countries that defaulted over the last year were middle-income countries,” said Eric LeCompte, the Executive Director of the religious development organization Jubilee USA Network. “Unfortunately, developing middle-income countries are not included in IMF and G20 debt relief solutions."

IMF Reports Pandemic Economic Outlook Uncertain

"The pandemic will reverse the progress made since the 1990s in reducing global poverty and will increase inequality," states the IMF in its flagship World Economic Outlook report. 

"The forecasts of rising inequality and tens of millions of people falling into extreme poverty must be averted," stated Eric LeCompte who monitors the IMF and is the Executive Director of the religious development group Jubilee USA Network. "We can reverse these dire predictions with strong aid packages and deep debt relief for all developing countries."

IMF Cancels Debt for 28 Poor Countries into Fall of 2021

The IMF Executive Board extended a process to cancel debt payments for the world's 28 poorest countries. 

Night march against ICE gets lots of cops but no serious police aggression

On the 3ed of April, anti-capitalist activists combined with La Raza DC to organize a night march demanding nothing less than the total abolition of ICE. The march went through dining areas, getting cheers from many but jeers from the wealthy. Large numbers of bike cops shadowed the march but made no attempts at snatch-and-grab arrests or kettles.

Video-atmosphere on 18th st as march comes through 1 min 23 sec

Bike cops line up behind the march on the 18th st restaurant row. A line of protesters with shields is behind the photographer.

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.

Frontline Indigenous activists fighting pipelines march "Black Snake" to White House, kill it

On the first of April, Lakota, Anishabe, and other Indigenous activsts from the frontlines of such pipeline fights as DAPL, Enbridge Line 3, and many others gathered at the US Army Corps of Engineer. From there they marched a 300 foot long rendition of the Black Snake of prophecy to the White House, where two tripod sitters waited. On arrival, the "Black Snake Killaz" went to work.

Video-Black Snake slithers through Washington DC before being "killed" at White House 2 min 53 sec

The Black Snake begins his final journey at the US Army Corps of Engineers

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.

Protesters rally at State Dept against US intervention in Haiti

As Haiti's President attempts to stay in power beyond the end of his term (Trump-style), the US as always is supporting all efforts to keep wages down and multinational garment factories (e.g Hanes Underwear) profitable. On the 29th of March, major protests against plans to replace Haiti's constitution were supported by a solidarity protest at the US Dept of State.

Video: speaker dissects US Embassy's "don't come over" tweet in context of US racism and interference in Haiti 3 min 16 sec

XRDC protests inside, then dumps "oil" at Chase Bank over Enbridge Line 3 financing

On the 27th of March, Extinction Rebellion-DC first took a mock pipeline/Black Snake into Chase Bank, then dumped mock "oil" on the sidewalk outside the bank.Chase Bank, like Citibank and Bank of America (also called out on March 27) is a major funder of Enbridge, builder of the "Line 3 replacement" pipeline threatening to destroy Chippewa land in Minnesota.

Video-getting inside, then dumping "oil" outside Chase Bank 2 min

If the Black Snake can dump on Chippewa land, he can dump on Chase Bank too!

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