Helping developing countries respond to COVID
Some issues are more exciting than others; they strike our imagination and call us to action. Other issues are more esoteric and challenging. Special Drawing Rights are in that latter category, but they are nonetheless important. This story begins with Jubilee USA , a coalition of religious, development and advocacy groups that has won more than $130 billion in debt relief for the world’s poorest economies. Because of those global agreements, the group reports, that $130 billion is invested in schools, hospitals and other social infrastructure. In Sub-Saharan Africa alone, 54 million kids have gone to school who never would have seen the inside of a classroom. Earlier this month, the group organized a meeting of high-ranking religious and labor leaders with Treasury Secretary Janet Yellen to discuss the global COVID response, climate, Puerto Rico, inequality, development aid, debt relief, emergency reserve funds (Special Drawing Rights or SD...