Middle-Income, Small Island States, Urgently Need Debt Relief, Secretary-General Stresses, in Remarks to G20 Finance Ministers, Central Bank Governors – World – ReliefWeb

SG/SM/20819 Following are UN Secretary-General Antnio Guterres remarks, as prepared for delivery, to the third Group of 20 (G20) meeting of finance ministers and central bank governors, held today: We are now in the second year of a global pandemic that has killed 4 million people. Extreme climate events regularly devastate vulnerable communities. You have…

Letter: Barbados debt relief model is hard to extend to all poor states – Financial Times

Avinash Persaud makes a persuasive case for developing countries to follow Barbados in issuing sovereign debt with natural disaster clauses (Opinion, June 28). In the event of a natural disaster, the interest payments on such loans are immediately suspended and added to the principal at the end of the term. Essentially these clauses equip countries…

Struggling to pay off your credit card debt? Consolidating it could help you get rid of it faster – CNBC

This story is part of CNBC Make It’s One-Minute Money Hacks series, which provides easy, straightforward tips and tricks to help you understand your finances and take control of your money. Credit card debt can be frustrating and feel impossible to pay off. Not to mention, it’s also expensive: The average credit card interest rate…

Van Hollen, Cardin Urge Education Department to Expand Debt Relief for Student Loan Borrowers | US Senator Chris Van Hollen of Maryland – Senator Chris Van Hollen

July 07, 2021 U.S. Senators Chris Van Hollen and Ben Cardin (both D-Md.) joined Senator Patty Murray (D-Wash.), chair of the Senate Health, Education, Labor, and Pensions (HELP) Committee, and 20 of their Senate colleagues in urging Secretary of Education Miguel Cardona to expand student debt relief in the Departments upcoming higher education rulemaking. In…

China refutes West’s ‘debt trap’ claim, vows to continue to help Africa – Global Times

SOURCE/ECONOMY China refutes Wests debt trap claim, vows to continue to help Africa By Global Times Published: Jul 07, 2021 06:43 PM China’s Foreign Ministry spokesperson Wang Wenbin. Photo: VCG China will continue to work with African countries and the international community to implement the Initiative on Partnership for Africa’s Development and continue efforts to…

Menendez, Booker, Colleagues Urge Education Department to Expand Debt Relief for Student Loan Borrowers – InsiderNJ

Menendez, Booker, Colleagues Urge Education Department to Expand Debt Relief for Student Loan Borrowers Menendez, Booker, and Colleagues to Secretary Cardona: We encourage the Department to pursue policies that reduce disparities in the burden of student debt, simplify loan repayment, close donut holes in forgiveness programs, and improve the overall confidence of borrowers in the…

U.S. urges China, private sector to boost participation in G20 debt response – Reuters

George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken, March 31, 2020. REUTERS/Dado Ruvic/Illustration WASHINGTON, July 6 (Reuters) – The United States on Tuesday urged China and the private sector to increase their participation in a G20 debt moratorium for low-income countries hammered by the COVID-19 pandemic,…