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offsite link Ukraine Buys Huge Amounts of Russian Fue... Fri Jan 20, 2023 08:34 | Antonia Kotseva

offsite link Turkey Has Sent Ukraine Cluster Munition... Thu Jan 12, 2023 00:26 | Jack Detsch

offsite link New Israeli Government Promises to Talk ... Tue Jan 10, 2023 21:13 | Al Majadeen

offsite link Russia Training Iranian Pilots Ahead of ... Tue Jan 10, 2023 15:19 | The Times of Israel

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The Saker
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offsite link ?Doomsday clock?: 90 seconds to midnight Fri Jan 27, 2023 15:06 | The Saker
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Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

offsite link Formal complaint against Robert Watt Anthony

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Voltaire Network
Voltaire, international edition

offsite link Two European Union states poised to sever diplomatic relations with Russia Thu Jan 26, 2023 16:09 | en

offsite link The Whole of Europe Turned Into a Battlefield, by Manlio Dinucci Tue Jan 24, 2023 07:26 | en

offsite link The war in Ukraine to maintain the European Union under tutelage, by Thierry Mey... Tue Jan 24, 2023 06:59 | en

offsite link "Voltaire, International Newsletter" N°24 Mon Jan 23, 2023 06:55 | en

offsite link Russia calls for Angela Merkel and François Hollande to be put on trial Thu Jan 19, 2023 08:37 | en

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Global Economic Recovery, Debt, Climate, Vaccines Top G7 Finance Agenda

category international | politics / elections | press release author Friday February 12, 2021 18:54author by Zachary Conti - Jubilee USA Report this post to the editors

G7 finance ministers met virtually to discuss economic recovery in the face of the coronavirus. The G7 agenda included global debt problems, vaccine distribution for developing countries, and accessing global reserve funds or Special Drawing Rights.

G7 finance ministers met virtually to discuss economic recovery in the face of the coronavirus. The G7 agenda included global debt problems, vaccine distribution for developing countries and accessing global reserve funds or Special Drawing Rights. The United Kingdom, hosting this year's G7 process, prioritized climate as a key issue of the UK's G7 presidency.

“The G7 is looking at the most crucial issues for a global recovery that includes everyone,” said Eric LeCompte, the Executive Director of the religious development group Jubilee USA Network and a United Nations finance expert. “Debt, vaccine distribution, protecting our planet and getting enough aid to vulnerable populations are the critical issues.”

Japan's Finance Minister Tarō Asō noted that accessing Special Drawing Rights, a type of currency that could be generated to support all countries, was an important G7 discussion point.

"While no decisions on Special Drawing Rights have been made yet, we continue to see progress," stated LeCompte. "We are seeing more movement on debt relief for developing countries."

The G7 sees debt relief as a critical global response tool for developing countries. Last year the G20 adopted a debt reduction process that allows up to 73 of the world's poorest countries to seek support. Since the beginning of the year, three African countries already sought support under the mechanism.

Climate issues were raised as an important focus for finance ministers.

“The UK and the US believe now is the time to focus on climate and ensuring our planet can emerge with resilience from the current crisis,” noted LeCompte.

President Biden, as one of his first acts in office, rejoined the Paris Agreement on climate and signed an executive order putting the climate crisis at the center of the US foreign policy. Treasury Secretary Janet Yellen noted the need for significant global stimulus and increasing cooperation with other G7 governments, according to a statement Treasury released.

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