Debt Overview: Development news, research, data

Achieving the Sustainable Development Goals requires significant investment—in infrastructure, human capital, and climate change resilience, among other areas. But governments in developing countries are often limited in their ability to mobilize domestic revenues or private investment, while external grants are scarce. Debt financing is critical for development. But it must be transparent, well-managed, and used in…

Shohei Ohtani’s ex-interpreter stole $16M from MLB star for gambling debt: U.S. DOJ – National

The former longtime interpreter for Los Angeles Dodgers star Shohei Ohtani is being charged with federal bank fraud for crimes involving gambling debts and theft of more than $16 million from the Japanese sensation, federal authorities said Thursday. U.S. Attorney Martin Estrada announced the charges Thursday. Ippei Mizuhara served as Ohtani’s interpreter after Ohtani came…

Jontay Porter reportedly had a substantial gambling debt before his NBA betting scandal

A few months ago, former Raptors center Jontay Porter received a lifetime ban from the NBA. The 24-year-old disclosed confidential information to bettors. That completely violated the league’s gambling policy. An investigation was launched in March after sportsbooks noticed betting irregularities for Porter. According to new reports, Porter owed large gambling debts to co-conspirators when…