4 Financial Stability and Debt

On September 17, Africa faith and Justice Network was one of 17 faith based organization which sent the letter below urging Senators to act on a global response to COVOD-19 to save lives, protect the global economy and jobs in the US and abroad. We are calling on every Senator to support: the issuance of 2 trillion in IMF Special Drawing Rights (SDR), expanding debt relief, Twenty billion in foreign aid. Why is this relevant to the American people? Part of the answer is in the July 9, 2020 letter by twenty nine Senators to the Majority Leader McConnell and Minority Leader Schumer in which they said: “it is clear that no matter how successful we are at fighting COVID-19 here at home, we will never stop its spread – or prevent it from rebounding back to our shores – if we are not also fighting it around the world. U.S. global leadership in combatting COVID-19 is directly tied to protecting the health, security, and economic interests of all Americans.”