By: Gianna Rendano
This past week, Jubilee USA’s Executive Director Eric LeCompte attended the World Bank and International Monetary Fund’s 2012 meetings in Tokyo, Japan. This annual meeting focuses on different economic global issues that include the issues of poverty, debt, aid effectiveness, the European debt crisis and also economic development and growth. Jubilee USA Network moderated, co-organized and spoke at six different events with our global partners on winning a real Jubilee.
We asserted that our global economy must protect and promote the participation of the most vulnerable. Our events focused on the pillars of winning real solutions to the international financial crisis: establishing an international bankruptcy process, promoting sound tax policy in the developing world and promoting transparency and responsibility at banks and international financial institutions.
Eric moderated for a panel with our international partners for a Fair and Transparent Arbitration Process (FTAP). The panel focused on gathering many different perspectives regarding the political process and implementation of a fair and transparent debt mechanism. It consisted of discussions and responses to different perspectives of the global debt movement.
At the meetings, IMF Managing Director Christine LaGarde shared that it was our efforts that moved the IMF to vote nearly $4 billion in gold sales profits to support some of the poorest people in our world - Jubilee's victory on gold sales was even noted in the official communiqué!
Read updates from Tokyo from our partners at the Bretton Woods Project.
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