Jubilee USA released a statement from the meeting of the International Monetary Fund and World Bank, where they led a discussion on debt restructuring for countries owing money to official and private creditors.
The statement read in part: “One of the most important things that happened during the meeting was noting that creditors who take longer to negotiate a debt restructuring with a country may need to offer more debt relief than those creditors who negotiate a debt restructuring sooner.”
Get the full statement and more: links other press releases, advocacy petitions, and info on these meetings.
Jubilee USA Network is an alliance of more than 75 US organizations and 750 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world’s poorest people.