Why a Debt-for-Nature Swap Would Be a Bad Deal for Nepal

A Western-brokered debt deal, by contrast, could be read not just as climate policy but as strategic alignment. Indian officials have already expressed concern that international trusteeship of Nepal’s rivers could complicate the trade of hydropower. And critics across the Global South have described Western swaps as a form of green conditionality — conservation commitments…

Pakistan Debt Repayments Top Rs4.7tr After PIB Buyback

Latest Rs279bn bond buyback lifts cumulative pre-maturity debt retirement to Rs4.722tr as government seeks to cut refinancing risks and improve fiscal sustainability. Pakistan has crossed Rs4.7 trillion in early public debt repayments after completing another buyback of Pakistan Investment Bonds (PIBs) worth Rs279 billion, as the government accelerates efforts to reshape its debt profile and…

Tampa Democratic Socialists help erase $2 million in medical debt for Hillsborough residents

Tampa Democratic Socialists Credit: Tampa Democratic Socialists/Facebook The Tampa chapter of the Democratic Socialists of America (DSA) surpassed its annual goal of cancelling millions of dollars in medical debt for Hillsborough County residents. The local political action group Tampa and non-profit medical debt cancellation company Undue Medical Debt started the campaign together on January 24…

Can you refuse to pay a deceased relative’s debt?

A person’s debt doesn’t just transfer to the next of kin after death, but that doesn’t mean it disappears, either.  J Studios/Getty Images Receiving a phone call from a debt collector is generally unwelcome under any circumstances. It can be especially jarring, though, in the days after a family member’s death, when a creditor is…