Mayor Lightfoot Launches Administrative Debt Relief Pilot Program … – chicago.gov

CHICAGO Today, Mayor Lori E. Lightfoot and City Comptroller Reshma Soni launched the 2023 Administrative Debt Relief (ADR) Pilot Program. Available immediately, the program provides a course for Chicagoans mired in debt stemming from Administrative Hearing violations some of which disproportionately impact low-income communities and are associated with higher fees than other municipal debt. “Like…

UPDATE 1-Davos 2023: World Bank: Zambia needs ‘desperate’ debt relief under challenging Common Framework – Yahoo Finance

(Updates with comments, context) By Jorgelina do Rosario and Yoruk Bahceli Jan 19 (Reuters) – Zambia needs “desperate debt relief” and agreements under a Group of 20 restructuring vehicle are proving difficult, the World Bank’s managing director of operations said on Thursday. “In the last two years, we have seen the limitations of the common…

Debt help charity urges Scots struggling with money during cost of living crisis to get in touch – Daily Record

The cost of living crisis is set to continue impacting household budgets across the country into the first half of 2023 as a result of high inflation, soaring energy bills and ever-increasing prices at the supermarket. As the financial pressure mounts, especially post-Christmas, Christians Against Poverty (CAP) Scotland is encouraging those who are unable to…

West’s smearing of BRI as ‘debt trap’ won’t help developing countries – China Daily

Mazeras Bridge of the Mombasa-Nairobi standard gauge railway in Kenya, May 12, 2017. [Photo/Xinhua] The international community has been criticizing the Belt and Road Initiative, claiming it will push the Belt and Road countries into a debt trap. Yet there has been no substantive research confirming the claim is true. Such criticisms are mostly part…

Zambia received ‘debt-for-nature’ proposal from WWF for restructuring – Reuters

Summary Companies Zambia received WWF plan offering conservation for debt relief Vast national parks are home to threatened wildlife Debt talks remain stalled over how much relief country requires LONDON, Jan 18 (Reuters) – Zambia received a “debt-for-nature swap” proposal as part of its $13 billion restructuring discussions, a move that while complex to secure…