Jubilee USA calls for responsible lending

WASHINGTON DC: The International Monetary and Financial Committee of the IMF released their communiqué of the Spring meetings, noting, "The window of opportunity remains open and should be used expeditiously to advance policies and reforms that sustain the current upswing, enhance resilience, and raise medium-term growth for the benefit of all."

The IMF raised serious concerns this week that the global economy is in for a "bumpy road ahead," says a release of the Jubilee USA Network.

Eric LeCompte, the Executive Director of the religious development group Jubilee USA, has monitored IMF meetings for 10 years and release the following statement:

"On the anniversary of the 2018 financial crisis, the IMF issued a series of warnings about the future of the global economy.

"We still have not done enough to improve debt restructuring and enact measures for responsible lending and borrowing. Beyond preventing the next crisis, the IMF is warning that we could have a recipe for greater inequality that further divides the rich and the poor.