World Bank Authorization

1
World Bank Authorization

• Our policy report Unmasking the IMF was delivered
  to key members of Congress in relevant committees
  in July
• The report reveals the ongoing need to reform the
  IMF lending practices that impede economic
  recovery and long-term development in
  impoverished countries
• We urged Congress to consider the critical
  reforms as part of the package of overall reforms
  before authorizing the US contribution toward the
  negotiated capital increase for the International
  Bank for Reconstruction and Development (IBRD)
  and the International Development Association
  (IDA) 16 replenishment
• We are still in touch with offices and are urging
  members of Congress to include the changes that
  we are suggesting in the World Bank Authorization
  process

2
Spotlight on Debt

• On June 23, 2011, Jubilee USA worked with
  Americans for Informed Democracy and Oxfam
  America for a ceremony crowning Christine Lagarde
  as the new managing director of the IMF
• Received news coverage by Reuters, BBC, and EFE
• Eric LeCompte appeared on Pacifica Radio to speak
  about the recent appointment of Christine Lagarde
  by the IMF and what this means for debt relief
  for the world's poor

3
Responsible Borrowing and Lending

• Jubilee USA Network will be reintroducing the
  Jubilee Act with a new emphasis exclusively on
  responsible borrowing and lending due to the
  current political climate focused on U.S.
  financial solvency concerns
• We will be releasing a report in October 2011 on
  the Principles of Responsible Borrowing and
  Lending
• Jubilee is working with our global partners
  UNCTAD and AFRODAD to implement a responsible
  borrowing and lending international treaty
  Jubilee served as an
  expert on theses issues

4
Voices of Esther Campaign

• Jubilee USA works to stand in solidarity with the
  worlds poorest and raise our voices for economic
  justice
• In the Bible, the Book of Esther tells the story
  of a woman who used her access to power to save
  her people from certain death
• We urge activists to be an Esther in the global
  community and call for change in partnership with
  those in the Global South
• Jubilee USAs supporters around the US follow
  Esthers example by sending postcards to their
  representatives and to the President to pursue
  debt cancellation and responsible finance
• Over 10,000 postcards have been sent to faith
  communities
• We will be sharing these postcards with members
  of Congress and President Obama during lobbying
  meetings

5
Meeting at the White House

• Jubilee is organizing a meeting with Vice
  President Biden and high profile religious
  leaders to heed the call of Jubilee USA
• When we meet with the cabinet, we will urge
  President Obama to encourage
• The implementation of responsible lending and
  borrowing principles
• True solutions to the international debt crisis
  by closing tax havens and corporate tax loop holes

6
1,000 Faith Leaders Campaign

• As of September 6, 1,340 Faith Leaders signed on
  to an interfaith letter to the President
• Letter pushes our agenda with the President
• It builds support for the Jubilee movement in
  Churches, Synagogues, and Mosques in the US
• It presents solutions that will end the
  international debt crises by promoting
  responsible lending and borrowing and ending
  corporate tax loop holes

7
Tax Justice Collaboration

• Jubilee USA is a member of Financial
  Accountability and Corporate Transparency (FACT)
  Coalition
• Jubilee collaborates with Global Financial
  Integrity (GFI), Global Witness, USPIRG, and
  others on tax justice issues
• Initiatives include
• Lobbying with FACT Coalition members on Capitol
  Hill about Incorporation Transparency and Law
  Enforcement Act and the Stop Tax Haven Abuse Act
• Participating in the End Tax Haven Secrecy global
  campaign and the global week of action in
  November surrounding the G20 Finance Ministers
  meeting

8
One of the Root Causes of Poverty Tax Injustice

• In the year 2000, the richest 10 of the worlds
  population held 85 of its total income and
  wealth.1 The current manner in which corporations
  and the elite do business as usual have
  contributed to vast inequalities. Between 2000
  and 2008, African countries lost 6.5 trillion
  dollars in revenue due to unfair tax dodging
  policies. If low-income countries were able to
  benefit from their tax revenue, more resources
  could be dedicated to providing people with clean
  water, healthcare, and education

1 Field Guide to the U.S. Economy, 2008
9
Closing Corporate Tax Loop Holes

• Senators Carl Levin (D-MI) and Chuck Grassley
  (R-IA) introduced S. 1483 The Incorporation
  Transparency and Law Enforcement Act on August
  2nd, 2011
• The bill would protect the United States from
  U.S. corporations being misused to commit
  terrorism, money laundering, tax evasion, or
  other misconduct

• Jubilee USA mobilized its grassroots network in
  Oklahoma to encourage Senator Tom Coburn to
  support this legislation
• Jubilee sent a letter with signatures of ten
  faith leaders in Oklahoma to Senator Coburn
  urging him to support S. 1483

10
Ending Tax Haven Secrecy

• Senators Carl Levin (D-MI) introduced the Stop
  Tax Haven Abuse Act on July 12, 2011
• The bill would close offshore tax loopholes,
  raise revenue, and keep profits and jobs in U.S.
• Jubilee is collaborating with FACT to push this
  bill forward
• Global End Tax Haven Secrecy Campaign
• Jubilee wrote a blog about tax havens and global
  poverty
• Jubilee will be sending out an eBlast to collect
  signatures from our grassroots network for the
  international End Tax Haven Secrecy petition
  signatures collected worldwide will be presented
  at the G20 meeting in November
• Jubilee is also a part of the global campaign and
  will be participating in the End Tax Haven
  Secrecy week of action in November during the G20
  Finance Ministers meeting

11
ZIMCODD Partnership

• We are strengthening our partnership with our
  colleagues at Zimbabwe Coalition on Debt and
  Development (ZIMCODD), an organization working on
  debt relief in Harare, Zimbabwe

• Jubilee USA and ZIMCODD will be collaborating to
• Promote a common analysis and advocacy to the US
  Treasury, the G20, and the United Nations for
  debt relief and the responsible lending and
  borrowing
• Engage in staff sharing with our counterparts in
  Zimbabwe we will work with our partners on their
  debt audit, facilitate grassroots speaking
  events, and host colleagues from Zimbabwe in DC
  for meetings with Congress, the UN, the White
  House, and the Treasury

12
Illegitimate Debt Week

• Jubilee is planning for the worldwide
  Illegitimate Debt Week with our global partners
  including Jubilee South, CADTM, EURODAD, and
  others
• Actions will be implemented in 50 countries
• Jubilee is on the steering committee

• Jubilee will be facilitating actions around the
  U.S. through Jubilee Sunday (October 16th) and
  other events organized by our grassroots networks
  nationwide

13
Jubilee Sunday and Jubilee Shabbat

• Jubilee Sunday will take place 10/16/2011 and
  Jubilee Shabbat will take place in spring 2012
• During this time, members of the faith community
  can dedicate part of their service to global
  poverty
• Services will take place around the country as
  communities of faith stand up in solidarity with
  their brothers and sisters in the Global South to
  bring about greater economic justice for the
  worlds poorest

14
Jubilee's mission is to end unjust debt and
transform the international financial system to
benefit and ensure participation of the most
vulnerable.
15
Thank you for your support!