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Prominent Groups Praise International Monetary Fund Vote of $650 Billion Global Relief to Alleviate the Impact of COVID-19 on Vulnerable Countries
For Immediate Release: August 2, 2021
Contact: Hillary John, hjohn@skdknick.com
Groups Urge Congress to Support Rep. Jayapal Amendment to Authorize More Economic Relief to Fight Deadly Pandemic
Washington, DC — After the International Monetary Fund (IMF) Board of Governors approved a plan to issue $650 billion in Special Drawing Rights (SDRs), more than 30 prominent humanitarian, international development, human rights, faith-based, and policy organizations are calling for additional economic relief to help lower- and middle-income countries stop the worldwide spread of COVID-19.
At no cost to the United States, SDRs are reserve assets the IMF can use to help countries facing economic downturns. As the threat from the COVID-19 Delta variant rises, US and world leaders are warning the IMF that especially vulnerable countries will need additional assistance to bolster the infrastructure needed to scale up vaccine distribution programs.
In a sign of growing momentum to stop the worldwide spread of COVID-19, last week the House of Representatives passed an appropriations bill that includes nearly $1 trillion in direct economic support for low-income and developing countries confronting a deadly pandemic that is only getting worse.
US Representative Pramila Jayapal (WA-07) said, “I am proud to have partnered with a grassroots coalition of organized labor, faith groups, humanitarian organizations, and many others, to secure this vital provision. By voting to advance a new issuance of Special Drawing Rights, we are demonstrating our commitment to tackling the global pandemic and ensuring that the developing world receives the resources it urgently needs to save millions of lives.”
In the following statement, prominent groups representing tens of millions of Americans are calling on US leaders to approve the legislation and work in a bipartisan fashion:
“Countries that lack widespread access to vaccines and PPE are experiencing a tragic surge in COVID-19 hospitalizations and deaths from the Delta variant. The vote by the IMF’s board of governors to approve $650 billion in reserve funds to help with pandemic response is a major step in the right direction, but we can do more to meet the needs of the global community.
On behalf of the tens of millions of Americans our groups represent, we are calling for an increased expansion of Special Drawing Rights to save countless lives. These additional reserve funds would help countries combat COVID-19 and boost the international economy at no cost to US taxpayers.
We are grateful for the leadership of Representatives Pramila Jayapal, Barbara Lee, Rosa DeLauro, and Chuy Garcia in advancing a lifesaving expansion of Special Drawing Rights and we call on federal policymakers to work in a bipartisan fashion to address this crisis with the urgency it requires.”
The following groups signed the joint statement:
Action Corps
Advocacy Network for Africa (ADNA)
Africa Faith and Justice Network
American Friends Service Committee
Amnesty International of the USA, Inc.
Avaaz
Baltimore Nonviolence Center
Brooklyn for Peace
Center for Economic and Policy Research (CEPR)
Chicago Religious Leadership Network on Latin America (CRLN)
Church World Service
CODEPINK
Columban Center for Advocacy and Outreach
Demand Progress
Faiths for Safe Water
Friends Committee on National Legislation (FCNL)
Jobs with Justice
Just Foreign Policy
Justice Is Global
Maryknoll Office for Global Concerns
Mennonite Central Committee, U.S.
Peace Action Bay Ridge
Sisters of Mercy of the Americas, Justice Team
Sojourners
The Hunger Project
The United Methodist Church—General Board of Church and Society
Union for Reform Judaism
United Church of Christ, Justice and Witness Ministries
Watch Democracy Grow
Win Without War
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