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Eric LeCompte - 2 LeCompte - 2 ” Pierre - 1 Olivier Gourinchas - 1 ” - 1 Lydia Boussour - 1 Gourinchas - 1 ” Gourinchas - 1
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Search resuls for: "Jubilee USA"


4 mentions found


☆ Resilient U.S. Boosts IMF Forecast for Global Economic Growth
  + stars: | 2024-01-30 | by ( Tim Smart | Jan. | At P.M. | ) www.usnews.com   time to read: +5 min
Global inflation is expected to fall to 5.8% in 2024 and to 4.4% in 2025. “The global economy begins the final descent toward a soft landing, with inflation declining steadily and growth holding up. That is not to say the global economy is without challenges. It also raises concerns about a revival of global inflation pressures as importers face surging shipping costs,” said Lydia Boussour, senior economist at EY-Parthenon. “For now, we don’t expect the situation in the Red Sea to substantially alter the outlook for global inflation and global monetary policy this year,” she added.
Persons: ” Pierre, Olivier Gourinchas, ”, Lydia Boussour, Gourinchas, ” Gourinchas, Eric LeCompte, LeCompte Organizations: Monetary Fund, IMF, Federal Reserve, . News, USA Locations: U.S, China, –, Ukraine, Iranian, Suez, EY, India, Russia, East, Central Asia, Saudi Arabia, “, Brazil
☆ World Bank urges cooling of Israel-Gaza conflict as annual meetings start
  + stars: | 2023-10-09 | by ( Andrea Shalal David Lawder | Andrea Shalal | David Lawder | ) www.reuters.com   time to read: +4 min
An internal World Bank memo seen by Reuters cited a "devastating loss of life, destruction and heavy toll on civilians being incurred on both sides," but voiced support for the lender's work in Gaza and the West Bank. The World Bank and our development partners have long worked to support the poorest, most vulnerable people in the West Bank and Gaza, and we remain committed to building the foundations for a more stable and sustainable future." The Oct. 9-15 annual meetings in Marrakech are expected to focus heavily on increasing resources for the IMF and the World Bank, both potentially contentious moves. World Bank Chief Economist Indermit Gill told Reuters that he worried the violence could overshadow important discussions at the IMF-World Bank meetings about sovereign debt, mediocre growth prospects and the big setback for development caused by the COVID-19 pandemic. On Sunday night, Georgieva participated in a "friendly" soccer match with World Bank President Ajay Banga and members of Morocco's Atlas Lions club attended by children from damaged mountain villages.
Persons: Anna Bjerde, Indermit Gill, It's, Eric LeCompte, LeCompte, Gill, Kristalina Georgieva, Georgieva, Ajay Banga, Andrea Shalal, David Lawder, Jon Boyle, Bernadette Baum, Andrea Ricci Organizations: Bank, International Monetary Fund, Reuters, West Bank, World Bank, IMF, Jubilee USA, Morocco's Atlas Lions, Thomson Locations: MARRAKECH, Morocco, Israel, Gaza, Marrakech, Russia, Ukraine
☆ New York state bill seen aiding poor country debt relief
  + stars: | 2023-02-17 | by ( David Lawder | ) www.reuters.com   time to read: +2 min
New York State Senator Brad Holyman-Sigal, a Democrat representing lower and parts of mid-town Manhattan, said he introduced companion legislation to the "New York Taxpayer and International Debt Crises Prevention Act" already under consideration in the state assembly. The legislation would compel private sector creditors to participate in debt restructurings of distressed low- and middle-income countries on the same terms as official government creditors. The New York legislation could have a significant influence on the debt restructuring process as some 52% of private-sector held sovereign debt is under contract in New York state, said Eric LeCompte, executive of Jubilee USA Network, a faith-based non-profit group pushing for debt relief. LeCompte said participation of the private sector creditors was critical, but they should not have "undue influence" in the process. New York-based BlackRock (BLK.N) and London-headquartered Standard Chartered (STAN.L) were among private sector creditors participating in the first meeting of a new sovereign debt roundtable aimed at eliminating sticking points to debt restructurings.
☆ China, U.S. to participate in first meeting of new debt roundtable on Feb. 17
  + stars: | 2023-02-13 | by ( Andrea Shalal | ) www.reuters.com   time to read: +3 min
WASHINGTON, Feb 13 (Reuters) - Officials from China, India, Saudi Arabia and Group of Seven wealthy nations will participate in a first virtual meeting of a new sovereign debt roundtable on Friday, three sources familiar with the plans said on Monday. Creation of the body comes amid growing frustration about the slow pace of discussions on debt relief for Zambia, which first requested help two years ago. Organizers say the roundtable could help resolve issues in principle, including cutoff dates for debt treatments, and will not focus on Zambia or other individual cases. U.S. Treasury Secretary Janet Yellen and other G7 officials see China, now the world's largest sovereign creditor, as the main stumbling block for quicker work on debt treatments. “The majority of countries support expanding these policies to middle-income countries, but China is the biggest challenge,” LeCompte said, adding that Europe had gone through a similar period of reluctance on debt relief in the 1990s, but eventually came around.
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