User Preferences

  • Language - en | ga
  • text size >>
  • make this your indymedia front page make this your indymedia front page

Blog Feeds

Cedar Lounge
For lefties too stubborn to quit

offsite link He doesn?t mind being demonstrably wrong? just doesn?t care? 13:41 Thu Sep 21, 2017 | WorldbyStorm

offsite link Border Poll 13:08 Thu Sep 21, 2017 | irishelectionliterature

offsite link Signs of Hope ? A continuing series 11:59 Thu Sep 21, 2017 | WorldbyStorm

offsite link That new Dáil term and the public appetite for an election? 10:00 Thu Sep 21, 2017 | WorldbyStorm

offsite link Throwing shapes or moving towards collapsing the government? 07:36 Thu Sep 21, 2017 | WorldbyStorm

Cedar Lounge >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link Notes for a Book on Money and the Irish State - The Marshall Aid Program 15:10 Sat Apr 02, 2016

offsite link The Financial Crisis:What Have We Learnt? 19:58 Sat Aug 29, 2015

offsite link Money in 35,000 Words or Less 21:34 Sat Aug 22, 2015

offsite link THE WRATH OF KANE: BANKING CRISES AND POLITICAL POWER 09:32 Fri Jan 30, 2015

offsite link ALWAYS THE ARTISTS: WEEK THREE OF THE BANK INQUIRY 23:11 Thu Jan 22, 2015

Dublin Opinion >>

NAMA Wine Lake

offsite link Farewell from NWL Sun May 19, 2013 14:00 | namawinelake

offsite link Happy 70th Birthday, Michael Sun May 19, 2013 14:00 | namawinelake

offsite link Of the Week? Sat May 18, 2013 00:02 | namawinelake

offsite link Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of E... Fri May 17, 2013 14:23 | namawinelake

offsite link Gayle Killilea Dunne asks to be added as notice party in Sean Dunne?s bankruptcy Fri May 17, 2013 12:30 | namawinelake

NAMA Wine Lake >>

Jubilee USA: Antigua and Barbuda and Islands Dealing with Irma Should Stop Debt Payments

category international | economics and finance | press release author Thursday September 07, 2017 16:16author by Abby Wilhelm - Jubilee USA Report this post to the editors

As Hurricane Irma heads to the US coast, a religious development group is calling for debt payments to be suspended until Antigua and Barbuda and other severely impacted Caribbean nations recover from the storm.

As Hurricane Irma heads to the US coast, a religious development group is calling for debt payments to be suspended until Antigua and Barbuda and other severely impacted Caribbean nations recover from the storm. Jubilee USA is also calling for grants, as opposed to loans, to be made available for the island countries and the US territories.

"The island of Barbuda was hit hard and fourteen hundred people are homeless. The country of Antigua and Barbuda and other severely impacted islands should stop paying debt until they rebuild and recover," stated Jubilee USA Executive Director Eric LeCompte. LeCompte serves on United Nation debt expert groups. "The International Monetary Fund can authorize a moratorium on debt payments so Antigua and Barbuda could immediately access $3 million for recovery efforts."

Antigua and Barbuda is scheduled to make a debt payment of $3 million to the International Monetary Fund today. The Caribbean islands of Anguilla, Antigua and Barbuda, Saint Barthélemy, Saint Martin and the British and US Virgin Islands faced some of the most severe impacts as Hurricane Irma swept across the Caribbean. The US territory of Puerto Rico, although hit by the storm, escaped the full level of destruction originally predicted.

"For all islands impacted by Irma, we need to see reconstruction grants, not more loans,' said LeCompte. 'The White House and Congress must continue to make these grants available to Puerto Rico and the US Virgin Islands. Similarly, the IMF and World Bank should make grants available to other islands and nations affected."

© 2001-2017 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy