Senior officials from Eastern and Southern Africa have received hands-on training to manage their public debt using the Commonwealths new debt management system. The Commonwealth Secretariat facilitated the training in Mozambique from 12 to 16 December in partnership with the Macroeconomic and Financial Management Institute for Eastern and Southern Africa to equip 25 officials from…
Student loan borrowers hold a collective $1.6 trillion in debt. While the debt, at one point, was a tool used to afford a college degree, many borrowers find it harder than previously expected to pay back the money. Student loan debt has become such an issue that the Biden Administration has been attempting to cancel…
Washington, DC: On December 16, 2022, Austria disbursed a 14.9 million grant (about US$15.8 million) for the International Monetary Funds (IMF) Heavily Indebted Poor Countries (HIPC) Initiative. This contribution will allow the IMF to provide debt relief to Somalia and Sudan once all the conditions under HIPC have been met. The HIPC Initiative was launched…
MARTIN Lewis has issued a warning over three questions that anyone struggling with debt should ask themselves. The cost of living crisis has hit the wallets of millions of Brits, which could cause more of us to get into unwanted debt. 1 Martin Lewis has urged those in debt to consider three thingsCredit: Rex More…
The Supreme Court is slated to make a decision on President Biden’s student debt relief plan in February. As the administration faces an intense uphill legal battle, millions of borrowers are left wondering what’s next. In August, the W… Read the full article at: https://www.cnet.com/personal-finance/loans/student-debt-relief-faces-an-uphill-battle-in-the-supreme-court-according-to-this-expert/
This article was originally published on Bankrate.com. A home equity loan allows you to convert a portion of the equity youve built in your home to cash. Its also an effective way to consolidate debt and eliminate high-interest credit card and loan balances sooner. Thats because the average interest rate on home equity loans is…
Student loan-servicing company MOHELA has been drawn into the fight against student debt relief by Missouri Attorney General Eric Schmitt, one of the lead plaintiffs in the multi-state lawsuit, even though the company is not a party to the case. | Jeff Roberson/AP Photo The fate of President Joe Bidens multibillion-dollar student debt relief plan…
In 2022 one-third of Pakistan suffered from extensive flooding. India had one of the wettest months of January, with precipitation levels 129% above average and the driest and hottest March in over 121 years.Droughts afflicted the eastern part of Africa, and central and western regions were drenched with floods. As the impacts of climate change…
What we want is to achieve the abolition of all illegitimate public debts, both in the North and in the South, it is NOT to debate and/or mobilize for the ‘Swapping public debt for climate action proposal’ What we want to achieve is the abolition of all illegitimate public debts, both in the North and…
More than a quarter (26%) of people will be seeing in the new year in debt, a survey suggests. The types of debts covered included informal debts such as borrowing from friends or family, as well as credit card spending, overdrafts, loans or buy now pay later spending, according to the research from Tesco Bank.…