The Global South is facing the worst debt crisis in 30 years. 54 lower-income countries, many in Southern Africa, are spending more on debt repayments than at any time in the last three decades. Countries such as Zambia are deeply affected by the debt crisis, which prevents government from vital public spending, such as on…
Today, the Republic of Ecuador, with the support of The Nature Conservancy (TNC), the U.S. International Development Finance Corporation (DFC), the Inter-American Development Bank (IDB), and Bank of America, announced the financial close of a debt conversion facilitated by TNC’s Nature Bonds Program to advance the Amazon Biocorridor Program. The debt conversion refinanced approximately $1.53…
The number of people calling a helpline because they are worried about debt has increased significantly, it has been revealed. National Debtline said it received 57% more calls in the first two weeks of January than it did in the same period last year. The Money Advice Trust, which runs the helpline, said the first…
While we know that debt happens all year around, Christmas and New Year do tend to bring financial difficulty into sharper focus for many people. On Christmas Day alone, almost 4,000 people across the UK visited StepChange’s website looking for help with their debt. Every January at StepChange we prepare ourselves for an influx of…
2025 could be a smart time to start erasing your accumulated debt. Getty Images Optimism surrounding a declining inflation rate has waned in recent months as Americans saw inflation rise in October, November and December. That increase partially came during the Federal Reserve’s latest interest-rate-cutting campaign, which now seems halted until additional progress is made…
Kenya unlocks Sh8bn relief in first debt for climate swap Business Daily Read the original article here
Adilabad:The state government has sanctioned ex gratia and pending arrears to 20 families of farmers who committed suicide due to crop loss and mounting debts in the erstwhile Adilabad district. This long-awaited relief comes as part of a broader order (GO No. 15) issued on the High Court’s direction, benefitting 141 families across the state.…
JIND: On the occasion of the 76th Republic Day, tractor and vehicle marches were held at different locations in Haryana. In Jind district, farmers started their march from Narwana road bridge in Jind city via Patiala Chowk, Rani Talab, and culminated at the New Bus Stand. In the procession farmers, laborers, employees, and retirees participated…
MORE than 40 per cent of adults in Britain expect their financial situation to worsen this year — and energy bills will be the cause. The StepChange Debt Charity, which helps people manage their debts, said that of the 41 per cent who expected to be worse off, 59 per cent blamed higher energy bills. Since…
The Office of the New York State Attorney General (OAG) protects consumers from illegal debt collection, deceptive credit and debt counseling, identity theft, and mortgage and loan fraud. We investigate businesses that may be operating illegally. If a business is violating the law, we pursue satisfactory outcomes, such as restitution or changes in business practices…