Archive for debt

Debt Relief – Jubilee Weekend 2020

Our UCC conference, and our church, voted in 2015 to become Jubilee conferences, which honors the biblical concept of debt relief for the poorest. I encourage you to read these addresses from Eric LaCompte, Executive Director of Jubilee USA, addressing  the UN conference on Covid 19 crisis recovery and debt relief. 
 
This year’s Jubilee Weekend 2020: Curing Poverty, Inequality and the Coronavirus , will be held October 16th – 18th, the same weekend as the major IMF and World Bank meetings this year. We lift up our voices in defense of the world’s most vulnerable during this critical time, to help  expand debt relief for the 73 poorest countries and move forward more aid for developing countries.

This year is really important. The United Nations estimates that 265 million more people are facing famine due to the coronavirus crisis. The International Labor Organization says 400 million jobs will be wiped out and the IMF asserts the current economic crisis rivals the Great Depression.

During Jubilee Weekend 2020: Curing Poverty, Inequality and the Coronavirus, the IMF and World Bank will make decisions that will determine whether or not tens of millions of people will enter extreme poverty or if hundreds of millions of people in the US and around the world can exit poverty. As coronavirus wreaks havoc around the globe and induces a global economic crisis on par with the Great Depression, we need to make a strong call for debt cancellation, relief and increased aid to address the crisis in developing countries.

I close with this prayer of Jubilee:
 
O Great G-d of all creation, hear our plea
We pray for an end to broken systems, in a world beset by the ravages of poverty and debt
We pray for rightness, fairness, justice and grace
We pray for your light to guide us as we seek your will.
Bless us with an economy that is whole and right, where all can live in dignity and hope and your light shines brightly in every land
G-d Most High, Bless us with your Jubilee