UNESCO warns of shrinking education aid, rising debt burden

The United Nations Educational, Scientific and Cultural Organisation (UNESCO) warned on Friday that international aid to education is declining sharply while rising debt service payments are increasingly squeezing education budgets in many developing countries. New research released by UNESCO at the Transforming Education Summit +4 (TES+4) showed that education is receiving a shrinking share of…

China expands Sudan footprint through ports, debt relief, mining

Beijing is expanding its footprint in mineral-rich Sudan, where an end to the country’s more than three-year-old war remains out of reach.  On Monday, Sudan’s state-owned Sea Ports Corporation signed a memorandum of understanding with state-owned China Harbour Engineering Company to develop and modernize Sudan’s ports. According to Sudan’s state news agency, the agreement covers the…

Apply for debt relief programme before August deadline

COMMUNITY members who missed the deadline for the Special Debt Relief Programme in January can now reapply. This follows a recent announcement by eThekwini Municipality to reinstate the programme exclusively for customers whose account disputes were still under consideration when the programme closed in January. According to the municipality, a total of 154 account disputes,…

Metro 1 gets huge debt relief, avoids insolvency proceedings

MUMBAI: Mumbai Metro One Private Limited (MMOPL), which runs the 11.4-km, Versova-Andheri-Ghatkopar metro line, has received a financial lifeline, with more than ₹1,100 crore of its debt set to be reduced. Insolvency proceedings against the company will also be withdrawn in the National Company Law Tribunal (NCLT). This would provide financial headroom for the company…

UNESCO warns of shrinking education aid, rising debt burden-Xinhua

PARIS, July 10 (Xinhua) — The United Nations Educational, Scientific and Cultural Organization (UNESCO) warned on Friday that international aid to education is declining sharply while rising debt service payments are increasingly squeezing education budgets in many developing countries. New research released by UNESCO at the Transforming Education Summit +4 (TES+4) showed that education is…

FTC Warns About Debt-Relief Scams Targeting Military Families During July

The FTC warns military families to avoid callers promising special “military debt forgiveness” programs. Never pay upfront fees or stop paying creditors without verifying the offer first. Mykhailo Repuzhynskyi/Shutterstock Military families already face enough financial challenges without scammers trying to exploit them. Unfortunately, the Federal Trade Commission (FTC) says that’s exactly what’s happening as July’s…