Newswire

Chad became the first country to officially seek debt reduction under a G20-established coronavirus response process. In the fall, the G20 approved the “Common Framework for Debt Treatment beyond the Debt Service Suspension Initiative.” Up to 73 of the world’s poorest countries could seek support under the mechanism."This is the first test of the G20 debt reduction process and the process must deliver serious relief for Chad," stated Eric LeCompte, the Executive Director of the religious development group Jubilee USA Network.

World leaders, including Pope Francis, UN General Secretary António Guterres and the IMF's Kristalina Georgieva, gather for a high-level climate summit hosted by the Netherlands through Tuesday."The meeting on addressing climate change is taking place at a critical moment," noted Eric LeCompte, the Executive Director of the religious development group Jubilee USA.