Finance Debt

China gives up part of Congolese debt to ease pressure on economy

China has canceled part of the debt owed to it by the Democratic Republic of the Congo, to help this central African country overcome the economic fallout from the coronavirus pandemic, the Congolese foreign ministry said on Wednesday. The ministry did not say how much was forgiven. The deal was …

Read More »

Expiration of bankruptcy relief threatens recovery

Small Business Startup News Written by Ken GaeblerPosted: 3/8/2021 A regulatory provision to help small businesses survive the pandemic will expire later this month, unless Congress takes immediate action. The Small Business Reorganization Act (SBRA) was passed by Congress in August 2019 and took effect in February 2020, just as …

Read More »

Customers Need Debt Relief: Commissions and Utilities Can Help

Part of NRDC’s end-of-year series examining climate and clean energy developments in 2020 With millions of Americans significantly behind on their electricity and water bills, no further federal aid on the horizon, and moratoria on utility shutdowns expiring, the United States faces an economic crisis and worsening public health. As …

Read More »

Senate rejects DeVos rule restricting debt relief for bilked students

WASHINGTON – In a bipartisan reprimand, the Senate on Wednesday voted to overturn a major Trump administration rule that would significantly limit debt relief for students misled by schools that lured them in with false claims on the careers and income prospects of their graduates. In a 53-to-42 vote that …

Read More »

Debt Relief Now More Difficult for For-Profit College Students

For-profit colleges are accused of cheating on students across the country and leaving them with a legacy of student debt. Predatory schools have reportedly targeted veterans for their GI benefits and have also reportedly targeted low-income communities and communities of color. Now, controversial new rules will make it harder for …

Read More »

Zimbabwe: The Zimbabwe Crisis – A Paradigm Shift From False Expectations Of Reform In A Securocratic State

BY National Dialogue: Based on an honest acknowledgment of the issues raised above. If this is the case, then it is urgent to take stock of the various attempts at national dialogue so far, to understand why they have not achieved their objective and to make an honest assessment on …

Read More »

Buenos Aires Hours | Guzmán confirms 99% of external debt restructured in swap

Economy Minister Martín Guzmán revealed on Monday that 93.55% of bondholders under Argentina’s $ 66 billion foreign debt restructuring deal have accepted the government’s terms, activating collective action clauses to bring overall acceptance to 99%. The Minister, speaking at an event at the Casa Rosada Bicentennial Museum, announced the news …

Read More »

World Bank Calls for Debt Relief Program as Amounts Due Rise to Record Levels | world Bank

The World Bank stepped up its call for a comprehensive debt relief program after revealing that the amount owed by the poorest countries was at record levels even before the crisis began. Covid-19 crisis. Statistics released by the Washington-based institution showed that the external debt of the 73 countries currently …

Read More »

Exclusive: Kenya avoids G20 debt relief initiative due to restrictive conditions

NAIROBI (Reuters) – Kenya will not call for a suspension of debt payments as part of a G20 initiative to help poor countries weather the COVID-19 pandemic, its finance minister said on Friday, saying that the terms of the agreement were too restrictive. Kenyan Finance Minister Ukur Yatani speaks during …

Read More »

Debt relief for the poorest countries is essential in the fight against COVID-19

NEW YORK, April 7, 2020 – “COVID-19 is generating an unprecedented global economic crisis. And as we see in all of these crises, this economic destruction is cruelly and unevenly distributed. “For the world’s poorest countries, the financial fallout caused by the pandemic, combined with debilitating debt service obligations, hamper …

Read More »