{"id":153460,"date":"2021-02-26T11:56:51","date_gmt":"2021-02-26T16:56:51","guid":{"rendered":"https:\/\/www.one.org\/us\/?post_type=one_press&p=153460"},"modified":"2021-02-26T11:56:51","modified_gmt":"2021-02-26T16:56:51","slug":"g20-finance-meeting-2021","status":"publish","type":"one_press","link":"https:\/\/www.one.org\/us\/press\/g20-finance-meeting-2021\/","title":{"rendered":"ONE reacts to frustrating G20 finance meeting"},"content":{"rendered":"

WASHINGTON \u2014 The ONE Campaign, the global anti-poverty organization co-founded by Bono, released the below statement on the G20 Finance Ministers and Central Bank Governors meeting where leaders instructed the IMF to develop a proposal on Special Drawing Rights (SDRs).<\/p>\n

Dr. David McNair, Global Policy Executive Director at the ONE Campaign, said:<\/u><\/strong><\/p>\n

\u201cWe had high hopes for something concrete to come out of this meeting. A year into the crisis, it\u2019s frustrating that we still don\u2019t have a decision on a stimulus package for the poorest countries, especially in light of Secretary Yellen\u2019s call for an economic boost in the form of SDRs.<\/p>\n

\u201cWhen the tools are on the table there is no excuse not to use them. To limit the financial fallout from this global crisis, world leaders must immediately decide on a USD 650 billion issuance of IMF SDRs coupled with a redistribution mechanism that will help vulnerable countries withstand the economic shock of COVID-19.\u201d<\/p>\n

BACKGROUND:\u00a0<\/u><\/strong><\/p>\n

The ONE Campaign has been calling for a USD 650 billion issuance of IMF Special Drawing Rights (SDRs) coupled with a redistribution mechanism to support countries in need. Read more about ONE\u2019s proposal here<\/a>.<\/p>\n

One looks forward to a decision on the IMF proposal on SDRs at the Spring Meetings in April.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

WASHINGTON \u2014 The ONE Campaign, the global anti-poverty organization co-founded by Bono, released the below statement on the G20 Finance Ministers and Central Bank Governors meeting where leaders instructed the IMF to develop a proposal on Special Drawing Rights (SDRs). Dr. David McNair, Global Policy Executive Director at the ONE Campaign, said: \u201cWe had high […]<\/p>\n","protected":false},"author":1,"featured_media":0,"template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"contributor":[],"class_list":["post-153460","one_press","type-one_press","status-publish","hentry"],"acf":[],"yoast_head":"\nONE reacts to frustrating G20 finance meeting - ONE.org US<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.one.org\/us\/press\/g20-finance-meeting-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ONE reacts to frustrating G20 finance meeting\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON \u2014 The ONE Campaign, the global anti-poverty organization co-founded by Bono, released the below statement on the G20 Finance Ministers and Central Bank Governors meeting where leaders instructed the IMF to develop a proposal on Special Drawing Rights (SDRs). 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