IMF Managing Director Kristalina Georgieva Welcomes Progress Toward Securing a Financing Plan for Debt Relief for Sudan – Mirage News

Washington, DC: Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement following approval by the IMF Executive Board on a financing package for Sudan: Today, the IMF Executive Board approved a financing plan that will help mobilize the resources needed for the IMF to cover its share of debt…

Australia to Require Debt Management Firms to Be Licensed – Regulation Asia

Firms providing debt management services need to apply to ASIC for a credit licence and become a member of AFCA by 30 June 2021. ASIC (Australian Securities and Investments Commission) hasreleased an information sheet for providers of debt management services, explaining their new regulatory obligations, including the requirement to be licensed. The release follows the…

Strong debt reduction, operating performance help Tata Steel post stellar show: Key Q4 takeaways – Economic Times

MUMBAI: Ltd today reported a firm set of earnings for the quarter ended March even though the companys standalone bottomline missed Streets estimates by some distance. The steelmaker reported a near 50 per cent jump in revenues in the standalone business on a year-on-year basis, while the consolidated business saw sales rise 39 per cent.…

New scheme to give people in problem debt breathing space launched – Mirage News

around 700,000 people struggling with problem debt to benefit from Breathing Space this year scheme will give those facing financial difficulties 60 days to get finances back on track without debts piling up, worrying letters or enforcement action people will also have access to professional debt advice, with stronger protections for people in mental health…