Jubilee Oregon

Sign petition to release IMF funds

Citizens all over the globe are suffering from multiple crises they had no hand in creating: the global economic downturn, climate change, and food prices now spiking to all-time highs.  The need for debt relief is clear.

Meanwhile, the International Monetary Fund is sitting on $2.8 billion in excess cash, due to higher-than-expected profits from the sale of some of its gold. This week, the IMF Executive Board will discuss what to do with it.

Please join thousands of international activists in calling on the IMF to use its windfall to fund debt cancellation for impoverished countries in crisis.

The IMF hardly needs the money, since it already received a $7 billion endowment from gold sales and will bring in $500 million in interest payments from countries forced to take out new crisis loans.  The Fund is doing so well that they are even discussing refurbishing their already-opulent headquarters.

While the IMF is rolling in dough, rising food prices have pushed 44 million people into extreme poverty. Many of the poorest countries are taking on heavy new debt burdens. For years to come, payments on these loans could divert critical resources away from health, education and food security.

The IMF’s extra $2.8 billion in gold windfall provides an opportunity to assist impoverished countries and their citizens without creating new debt burdens.  

Sign the petition today and we will deliver your signature at the IMF/World Bank Spring Meetings in Washington, DC, April 15-17.