How to Ease Rising External Debt-Service Pressures in Low-Income Countries – International Monetary Fund

As 2024 starts, the good news is that there havent been any notable requests by a low-income country for comprehensive debt relief since Ghanas, more than a year ago. Despite this, vulnerabilities remain, with high debt servicing costs a growing challenge for low-income countries. Financing pressures due to relatively high interest payments and the pace…

Urgent need to address liquidity pressures in developing countries – World Bank

The worlds poorest countries face ballooning debt service payments, record high refinancing costs, limited access to markets, and severely reduced capital inflows. Without action, 2024 will see a further rise in debt vulnerability potentially leading to reversals in development outcomes.   In this context, the current global debt relief architecture has focused mostly on countries with…

I'm 61 with $1.4 million, but have $50000 in credit card debt. I want to retire in a year, and a new adviser promises he … – MarketWatch

Getty Images/iStockphoto Question: I am 61, married and want to retire at 62. My husband is 63. We both can get pensions with either a monthly payment or lump sum, and we both have 401(k)s, while I also have a traditional IRA. Our portfolio is currently worth around $1.4 million, which includes the lump sum…

Mayor Adams to Relieve Over $2 Billion in Medical Debt for Hundreds of Thousands of Working-Class Ne – nyc.gov

January 22, 2024 Video available at: https://youtu.be/DZ8KxHcQxyk [embedded content] $18 Million Investment Will Provide Relief for up to 500,000 New Yorkers Burdened With Medical Debt, Becoming Largest Municipal Medical Debt Relief Program in Country New York New York City Mayor Eric Adams and New York City Department of Health and Mental Hygiene (DOHMH) Commissioner Dr.…