The FE – Titumir calls for global debt relief mechanism

He said the mechanism would help developing countries address mounting fiscal pressures caused by the Middle East crisis and other global shocks. Dr. Titumir made the call during a meeting with UNICEF Deputy Executive Director for Humanitarian Action and Supply Operations Ted Chaiban at UNICEF House in New York. The meeting was also attended by…

The FE – Country’s external debt repayments to far outstrip receipts in three years

Data from the Finance Division and the Economic Relations Division (ERD) reveal a looming fiscal squeeze, culminating in FY2028-29 when the country’s total external debt -servicing obligations will peak at an unprecedented level. According to government projections, Bangladesh is likely to need to repay a staggering amount of US$4.276 billion in principal against its total…

30-Acre ITFederal Property at Avtex Scheduled for Auction to Help Resolve EDA ‘Financial Scandal’ Debt to First Bank

A 30-acre parcel with one building erected at the former Avtex Superfund site in Front Royal is poised to be auctioned off as a foreclosure on August 12 to help the now Warren County overseen Front Royal/Warren County Economic Development Authority (EDA, FR-WC EDA) settle one outstanding debt stemming from the EDA “financial scandal”, circa…

Mor Cross Transport Services left £1.1m debts

Mor Cross Transport Services entered creditors’ voluntary liquidation in December. The company’s nature of business is given as freight transport by road, and the notice is categorised as a corporate insolvency appointment of liquidators. Statement of affairs published onto Companies House has revealed Mor Cross Transport Services has £1,126,411 of debts to settle with creditors.…