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UN Body Calls for Debt Relief for Countries Most Affected by Ebola

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Written by Jubilee USA Network   
Monday, 15 December 2014 10:12
The United Nations Economic Commission for Africa (UNECA) called for debt cancellation for the three West Africa countries hardest hit by the Ebola epidemic. UNECA's call for debt relief comes in a report on Ebola's economic impact that notes the disease's broad impact on West African economies. Guinea, Liberia and Sierra Leone owe nearly $3 billion in foreign debt. Guinea, where the outbreak began, spends more money on debt service than on public health.

"Debt relief is needed to address the immediate Ebola concern and to address the reality that too many people die of preventable diseases in these countries," stated Eric LeCompte, Executive Director of the religious antipoverty coalition, Jubilee USA.

In November, the US government called for $100 million in debt relief for affected poor countries and brought a debt relief plan developed by Jubilee USA to the annual G20 meetings. In Brisbane, Australia, the G20 announced a $300 million package of debt relief, loans and grants. The plan is currently being developed by the International Monetary Fund.

"Too much of this debt comes from dictatorships, corruption, one-party rule and civil war," said LeCompte.

Jubilee USA Network is an alliance of more than 75 US organizations and 400 faith communities working with 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org
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