The EU, along with a group of countries, is pushing for a relaxation in how debt relief is defined in the latest round of talks at the OECDs Development Assistance Committee (DAC) on Thursday (25 June), EURACTIV understands. The DAC sets the rules on how international development aid is defined and accounted for towards the…
Before the coronavirus pandemic hit Australia, the nations economic situation was already looking pretty dire. Now, however, unemployment has reached lows not seen in 91 years and millions of Australians are hanging by a thread thanks to government stimulus payments. According to Financial Counselling Australia, 13 per cent of the population or more than 2.5…
The coronavirus pandemic has wreaked havoc on the Australian economy, and the financial effects for many are deeply personal. Sadly, theres no shortage of terrible advice online when it comes to personal finance. And as September 30 looms – the date by which JobKeeper, the increased JobSeeker and many negotiated rent and mortgage deferrals end…
June 23, 2020 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMFs Executive Board. The Staff-Monitored Program will support the implementation of the…
The UKs National Union of Students has launched a mass action aimed at getting debt relief for students whose education has been disrupted by coronavirus, as experts warn against government proposals to push back A-level exams in 2021 for school-leavers who have been affected. The NUS said it is wanted students who have faced the…
SAN JOSE, Calif., June 23, 2020 /PRNewswire/ –Of late, it seems that several debt consolidation advertisements surface just about every time I log on promising substantial savings if I consolidate all my debt onto a single loan. With the amount of debt in America staggeringly high, it’s not surprising that many people may consider this…
(Bloomberg) — World Bank President David Malpass expects private creditors to work out a methodology to join the Group of 20 in providing debt relief for the worlds poorest economies to help them fight the global pandemic. The G-20 in April agreed to allow a temporary suspension of debt repayment for more than 70 impoverished…
So you have some debt, and youd like to get rid of it. Great! But when it comes to researching strategies and tips for paying off your balances, its easy to get lost down a rabbit hole. And that rabbit hole can distract you from the real work of getting organised and tackling your debt.…
If we allow people with HELP loans to use their compulsory super contributions to pay off thoseloans, this will benefit not only students and debt holders but also government coffers. I proposethis would be in addition to the current repayment arrangement. Currently you pay back your HELP debt through the tax system once you earn…
Gas and electricity customers face the prospect of debt collectors chasing up unpaid bills after the energy industry regulator told suppliers they no longer had to offer unlimited coronavirus payment holidays. Ofgem gave the go-ahead for the restart of debt collections weeks after calling on energy suppliers to offer help to customers facing financial pain…