Somali President Farmaajo attempts silent coup

While the world was in shock at the storming of the United States Capitol by supporters of President Donald Trump seeking to overthrow the American election results, Somali President Mohamed Abdullahi Farmaajo was engaged in his own silent coup to ensure a return to power following the end of his …

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Property taxes turn American dreams into nightmares in Illinois

Visions of the future of the community no longer bring comfort. Instead, they inspire crippling fear. For generations of black Chicagoans, the suburb of Matteson was a beacon. Moving there meant you had. It was a place where black wealth was not only accepted, but celebrated. The pride of the …

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Rwanda to benefit from IMF debt relief plan as # COVID-19 hits economy

National Career Kenya Airways and British Airways have signed a codeshare agreement aimed at boosting business travel and tourism between African and European destinations. According to the details of the deal, passengers traveling with Kenya Airways to the UK can now connect to 26 cities in the UK and Europe. …

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85% of South Africans need financial assistance, 55% do not have access to credit

Through Sizwe Dlamini Oct 5, 2020 Share this article: To shareTweeterTo shareTo shareTo shareE-mailTo share CAPE TOWN – At least 85% of all South Africans need help financially, emotionally or both in the wake of the Covid-19 pandemic, according to a recent survey by Debt Rescue. The study found that …

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French Prime Minister proposes debt relief for railway reshuffle

Through Simon carraud, Brian Amour PARIS (Reuters) – The French government, seeking to end a railroad strike over one of President Emmanuel Macron’s flagship reforms, said on Friday it would write off most of the SNCF rail company’s debt if plans to make the operator more profitable were being implemented. …

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UN unhappy with Kenya for refusing Covid-19 debt relief offer

Credit Suisse Group AG is set to strike a deal with the U.S. government that would resolve a criminal investigation into its role in a $ 2 billion Mozambican bond scandal, people familiar with the matter say. Discussions with the US Department of Justice involve a deferred prosecution agreement that …

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Pandemic challenges, Trump’s rules await Cardona for education

With the Senate confirmation Monday of Miguel Cardona as secretary of education, the former teacher and principal of a Connecticut public school takes office in the face of significant and long-term challenges related to the pandemic. The 64-33 roll-call vote came after it won bipartisan support in its committee vote …

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A long, uneven and uncertain rise – IMF blog

Through Gita Gopinath ??, ??, Spanish, French, ??, Portuguese, сский The COVID-19 pandemic continues to spread with more than a million tragically lost lives so far. Living with the novel coronavirus has been a challenge like no other, but the world is adapting. With the easing of containment measures and …

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How much should sub-Saharan African countries adjust to curb rising public debt?

The oil-exporting countries and the heavily indebted poor countries (HIPCs) have been the main culprits of the rapid build-up of public debt in sub-Saharan Africa. Surprisingly, oil exporters and countries that have benefited from the HIPC Initiative have been the driving force behind the rapid build-up of public debt in …

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Minister: China supports G20 debt relief plan

A cashier counts and puts away dollar bills at a bank in Huaibei, Anhui province. [Photo/Sipa] China will continue to support the Group of 20 debt treatment framework for low-income countries, helping them mitigate potential solvency risks and promote post-pandemic economic recovery, said Finance Minister Liu. Kun in a recent …

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