Explainer: How China could offer ‘debt swaps’ to help developing nations tackle climate change – Eco-Business

With the Covid-19 pandemic driving up government debt across many nations, there are growing calls for debt swaps to be used to help developing nations achieve a green recovery. This week, two separate research teams from the US and China have called for China in particular to implement such debt swaps in exchange for efforts…

Covid: ‘Debt time-bomb’ awaiting thousands of households – BBC News

By Ben PriceBBC News image copyrightGetty Imagesimage captionMental health charity Hafal said it was being “swamped” by people needing help with their finances The pandemic is creating a “debt time-bomb” according to charities concerned about the impact it is having on people’s mental health. More than 280,000 people in Wales have fallen behind on payments…