Cape Town, South Africa — Eight former African Heads of State and Government have signed the Cape Town Declaration, calling for critical debt relief for highly indebted nations and advocating for lower borrowing costs for all developing countries. The declaration was signed at the launch of the African Leaders Debt Relief Initiative (ALDRI), which reflects…
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(Bloomberg) — European banks have turned to the US dollar market to sell almost $8 billion of bonds that help them boost capital levels. Investors hunting for higher coupons want even more. Most Read from Bloomberg Sales of the debt known as AT1s, designed to absorb losses when a bank runs into trouble, are running…
In a letter released by Caritas Internationalis, over 100 faith leaders around the world call on the finance ministers of the Group of 20 biggest economies to take concrete steps during the Jubilee year to end the scandal of poor countries spending more on debt repayment than on health and education. By Lisa Zengarini 124…
Although debt consolidation can be a useful tool to help consumers manage debts, around a third of people from the UK don’t understand what it is, according to new research from Tesco Bank. While 33 per cent of Brits don’t understand debt consolidation, and others don’t know that it exists as an option, Tesco Bank…
DIXON – Dixon’s St. Paul and Immanuel Lutheran churches raised a total of $2,430 to help pay off Dixon Public Schools’ student lunch debt through two fundraisers led by the youth ministry, Gerad Von Holten, praise band director at St. Paul, told Shaw Local. In December, the total debt – stemming from unpaid student lunch…
In the second article of our occasional series “Open Book”, a democratic platform we offer out-of-industry commentators, Grace Graham-Taylor looks at the contentious issue of gambling addiction. In the summer of 2021, Luke Ashton, a husband and father-of-two from Leicester, England, took his own life, writes Grace Graham-Taylor. Unbeknown to his family, in the preceding…
By Michel Haoses. The first meeting of the G20 Finance Ministers and Central Bank Governors took place in Cape Town, South Africa, from 26 to 27 February. At the meeting, the International Monetary Fund’s (IMF) Managing Director Kristalina Georgieva highlighted the need for global support and cooperation and affirmed the IMF’s role. Georgieva noted that…
The high debt saddling the world’s poorest countries needs an urgent reset to avoid multiple crises, African leaders said Thursday as they launched an initiative for debt relief and fairer borrowing terms. The African Leaders Debt Relief Initiative, signed on the sidelines of a G20 finance meeting in South Africa, will push for a revamp…
PUBLISHED : 28 Feb 2025 at 04:00 Small Medium Large (Photo: 123RF) Siam Commercial Bank (SCB) and… Read the original article here