IMF Debt Relief Trust Fund to Aid Poor Countries During Health Crises, Natural Disasters
Eric LeCompte, Executive Director of the religious anti-poverty organization Jubilee USA Network releases the following statement:
"This aid is so vital for the countries affected by Ebola. Now we have a permanent debt relief vehicle for when the poorest countries face certain crises. Essentially, a global social safety net is now in place to protect the least developed countries when they experience disasters.
"This new fund is an important, permanent tool in the fight against poverty. It means resources for countries that need them most at the time they need them most.
"Tonight I'm toasting the IMF and the White House. Unfortunately the World Bank has remained silent in the face of this crisis. I pray they follow the IMF's lead."
Patronising? PR stunt? Genuine attempt to ease problems? Better late than never or too little too late? One wonders if and when the IMF or the Ex. Dir. of the the 'anti-poverty' Jubilee USA Network will follow up on exactly where these peanuts end up - look again at the figures. It's like throwing confetti at a wedding.
Now, please, can't we get down to eliminating the root cause of the world's inequalities? Wouldn't that be better for us all?