Labor/Economics/Business

G7 COVID Summit: Vaccines, Tax, Debt, Climate, Trade

Submitted by HannahJubilee on Thu, 06/10/2021 - 22:14

The presidents and prime ministers of 7 of the world's wealthiest countries gather in the United Kingdom to meet on the response to the economic and health crises spurred by the coronavirus. Hosted in the seaside town of Cornwall this weekend, the G7 Summit focuses on global vaccine distribution and tax, debt, aid, trade and climate policies.

Elections/Legislation/Government
Environment/Food/Health
Foreign Policy/Imperialism
Human Rights
Labor/Economics/Business
Poverty

Eyes on Amazon protest visits stockholder Blackrock, demands responsible shareholder votes

Submitted by Luke on Mon, 05/24/2021 - 22:59

On the 24th of May (two days before Amazon's annual general meeting), protesters showed up at major Amazon stockholder Blackrock. They brought with them a list of socially responsible votes on Amazon's corporate policies, and attempted to deliver it to Blackrock. Bike cops refused to let protesters in the building but eventually let them post the demands on the wall, possibly to avoid escalation.

Video-calling out Amazon at investor Blackrock 2 min 30 sec

Labor/Economics/Business

MPD protecting their corporate masters from the community

IMF Proposes $50 Billion Vaccine Plan to End Pandemic and Boost Economy

Submitted by HannahJubilee on Fri, 05/21/2021 - 09:46

 

As worldwide COVID cases peak, IMF chief Kristalina Georgieva unveiled a $50 billion proposal to support vaccinations of 60% of the world's population. During a G20 and European Commission summit, Georgieva argued the global vaccine investment would end the pandemic and spur $9 trillion in economic gains by 2025.

Elections/Legislation/Government
Foreign Policy/Imperialism
Globalization/Anti-globalization
Labor/Economics/Business
Poverty
Science/Technology

Biden Vows Cut to US Emissions as Yellen Commits Full Power of Treasury to Address Climate Change

Submitted by HannahJubilee on Thu, 04/22/2021 - 17:41

Financial decisions play a critical role in solving climate change, advocated Treasury Secretary Yellen during a US-hosted climate summit. More than 40 world leaders are attending the two-day virtual gathering convened by President Biden. Biden announced a new US target to halve fossil fuel emissions by 2030 and eliminate them by 2050. 

Elections/Legislation/Government
Labor/Economics/Business

Jubilee USA Statement on IMF and World Bank Meetings and Development Committee Communiqué

Submitted by HannahJubilee on Fri, 04/09/2021 - 12:43

The Development Committee, a ministerial-level consensus building and policymaking body for the World Bank and the IMF, met as part of the Spring IMF and World Bank Meetings.

Eric LeCompte the Executive Director of the religious development organization Jubilee USA, a UN expert who monitors IMF and World Bank meetings, releases the following statement on the meetings and World Bank Development Committee Communiqué:

Elections/Legislation/Government
Labor/Economics/Business

Jubilee USA Statement on World Bank and IMF Annual Meetings and IMFC Communiqué

Submitted by HannahJubilee on Thu, 04/08/2021 - 12:37

World leaders, finance ministers, heads of corporations and development groups are meeting virtually for the World Bank and IMF Spring Meetings. The International Monetary and Financial Committee (IMFC), the IMF policymaking body, discussed policy responses to the global COVID-19 economic crisis, including tax, aid, vaccines, Special Drawing Rights and debt processes to support developing countries.

Labor/Economics/Business
Poverty

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

Submitted by HannahJubilee on Wed, 04/07/2021 - 11:05

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. 

Labor/Economics/Business
Poverty

IMF: Indebted Countries Suffer if US Interest Rates Rise

Submitted by HannahJubilee on Tue, 04/06/2021 - 12:43

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."

Labor/Economics/Business
Poverty

IMF Reports Pandemic Economic Outlook Uncertain

Submitted by HannahJubilee on Tue, 04/06/2021 - 10:11

"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."

Labor/Economics/Business

IMF Cancels Debt for 28 Poor Countries into Fall of 2021

Submitted by HannahJubilee on Mon, 04/05/2021 - 12:06

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

Elections/Legislation/Government
Labor/Economics/Business

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