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G-20 suspends debt payments for poor countries for another six months
The Group of 20 nations, representing the world's largest economies, agreed on Wednesday to extend the suspension of debt payments for another six months to support the most vulnerable countries in their fight against the coronavirus…
Back with a new Afrobeat album, veteran musician Bockarie demands a better Sierra Leone
FREETOWN (Reuters) - Sierra Leonean musician and activist Emmerson Bockarie is no stranger to controversy, having received death threats from all ends of the country's political spectrum for two decades and three successive governments.…
LaGuardia’s new Terminal B opens and awaits crowds after COVID-19
"We didn't build it now, we built it for the future," Governor Andrew Cuomo said as he cut the ribbon this afternoon on the spacious new Terminal B, part of the facelift of $8 billion from LaGuardia Airport in Queens.
Then-Vice President…
Southwest will take delivery of 35 737 MAX aircraft through the end of 2021
FILE PHOTO: A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California !-->!-->…
UK must cancel poor countries’ debt or face Covid-19 ‘financial tsunami’ | Global…
Billions of dollars in debt owed by poor countries must be canceled permanently to avoid an "imminent financial tsunami" caused by Covid-19 and the ensuing global recession, a cross-party committee of MPs has warned.Debt relief alone will…
Biden administration to oversee new coronavirus payments to farmers
Given the time needed to convert legislation into action, the Biden administration will oversee payment of most or all of the $13 billion in farm aid included in the latest coronavirus package, the undersecretary said Tuesday.…
The pandemic pushes CBL and PREIT into bankruptcy
Retail REITs CBL & Associates Properties and READY filed for voluntary bankruptcy. Both REITs have announced recapitalization and debt restructuring plans as part of the bankruptcy process.
The bankruptcy of CBL & Associates…
How can we help Africa through COVID-19?
Ethiopian Prime Minister Abiy Ahmed calls on developed countries to help Africa through the coronavirus pandemic.
The continent has low levels of health spending and will struggle to implement social distancing…
Wall Street sees economic ‘whirlwind’ if Trump doesn’t sign
Wall Street is moving fast to crystallize around the idea that unless President Trump signs a new $900 billion bipartisan COVID-19 stimulus bill, investors will be set on fire.EvercoreISI strategist Dennis DeBusschere believes a "fall" in…
Phuket residents call for debt relief from COVID-hit businesses
PHUKET: Around 100 people gathered this afternoon (August 6) at the Phuket Provincial Palace to file a petition calling for debt relief for businesses affected by the COVID-19 pandemic.
The group, calling itself the "Club of People Affected…
Everyone needs a pandemic stimulus. But Africa also needs debt relief – OZY
The continent could drown in unpaid debt payments as richer countries spend their money on COVID-19 aid at home.
As COVID-19 spread across the world this spring, the group of major G20 countries reached a deal allowing 73 of the world's…
Ways to prevent accidents and injuries on the farm
Part of your emergency protocol…
GDP Center publishes report on sustainable debt relief
On November 16, 2020, The Global Development Policy Center (GDP), a regional center affiliated with the Frederick S. Pardee School of Global Studies at Boston University, released a new report titled "Debt Relief for Green and Inclusive…
Biden officials plan to take action to ease student debt
(AP) - Biden administration examines whether it can take steps to ease student debt through executive action, even as it continues to call on Congress to pass legislation to help borrowers and their families.A tweet from White House press…
Survey reveals generational gap in Canadians’ understanding of the causes of debt
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TORONTO, March 03, 2021 (GLOBE NEWSWIRE) - As COVID-19 continues to worsen the financial difficulties of many Canadians, a new national survey by…
Saudi G20 summit promises equitable global access to vaccines but fails to ease debt relief for…
G20 leaders have pledged "affordable and equitable access for all" to new coronavirus vaccines, but refrained from committing new funds to meet this pledge or to cancel the debt of developing countries whose economies have been weakened.…
US removal of Sudan from “godfathers of terrorism” list is a step towards debt relief…
WASHINGTON (Reuters) - The International Monetary Fund said on Friday that the U.S. government's plan to remove Sudan from its list of terrorist sponsor states would remove one of the obstacles facing the heavily indebted African country…
IMF Executive Board reviews IMF Debt Sustainability Framework for Market Access Countries
IMF Executive Board reviews IMF Debt Sustainability Framework for Market Access Countries
February 3, 2021
Washington DC:
On January 14, 2021, the Executive Board of the International Monetary Fund (IMF)…
UK debt relief limits under review as economic impact of Covid-19 bites
The proposals would see the total amount of debt allowed to enter a DRO increased from £ 20,000 to £ 30,000. The value of assets held by individuals accessing a scrutineer would drop from £ 1,000 to £ 2,000, and the level of excess income…
Latest pandemic relief bill continues to advance
The latest pandemic relief bill is making its way through the legislative process. As part of the $ 1.9 trillion package, the House agriculture committee approved the bill's Agriculture and Nutrition title. The Committee…
Joint statement of the Ninth African Budget Forum of the European Commissioner for International…
Joint statement of the Ninth African Budget Forum of the European Commissioner for International Partnerships and the Managing Director of the International Monetary Fund
March 2, 2021
Washington DC:…
Water as a human right
The COVID-19 pandemic has swept the country, infecting tens of millions of people (and counting) in the United States alone. While much remains a mystery about the virus, one piece of advice echoed throughout the crisis: wash your hands,…
How China can help the African economy recover from Covid-19 – Quartz Africa
Much of Ethiopia's international coverage last week focused on its demand for debt relief under a new framework agreed last year by the Group of 20 countries, including China. . The initiative is designed to help poorer countries cope with…
Texas disaster shows why we need to write off utility debt
In February, millions of people struggled to survive freezing conditions without heat or power after a winter storm wreaked havoc on Texas' power grid. Now Texans are hit again by the surge in energy prices resulting from the crisis. "My…
African ministers meet with IMF, ECA on immediate economic response to COVID-19 – World
Addis Ababa, February 5, 2021 (ECA) - The Executive Secretary of the Economic Commission for Africa (ECA), Vera Songwe, met on Friday February 5, 2021 with African ministers in charge of finance and the Managing Director of the…
Georgia Congressional Democrats discuss COVID-19 relief bill – Decaturish
By Zoe Seiler, contributor
Washington DC - On March 10, the United States House of Representatives gave its final passage to the American bailout, a $ 1.9 trillion COVID-19 relief plan that will provide stimulus checks of $ 1,400,…