Pakistan signs US$1.7 billion debt relief deal – Macau Business

Pakistan has secured a US$1.7 billion debt relief agreement to help offset the financial headwinds sparked by the coronavirus pandemic, officials said Monday. The deal, following months of negotiations with creditors, will provide a moratorium on debt payments for large swathes of the current fiscal year and help ease the cash-strapped countrys massive financial obligations.…

As Student Debt Soars, Relief Should Focus on Neediest Borrowers – Barron’s

Text size Ty Wright/Bloomberg The national debate around student loan forgiveness has shifted into high gear. Last month, Sen. Chuck Schumer called for the elimination of up to $50,000 of student loan debt, joining a chorus of activists for debt forgiveness. Not to be outdone, Secretary of Education Betsy Devos just extended a pandemic-inspired moratorium…

Omnibus Spending Deal Includes $1.3 Billion in Debt Relief for HBCUs – Diverse: Issues in Higher Education

December 21, 2020 | : Several of Congresswoman Alma Adams (NC-12) equity-oriented higher education priorities are included in the FY21 Omnibus spending deal, including her bill, The HBCU Capital Finance Debt Relief Act, which cancels over $1.3 billion in debt held by historically Black colleges and universities (HBCUs). According to Adams office, the bill also…

Pakistan signs USD 1.7 billion debt relief deal – The New Indian Express

By AFP ISLAMABAD:Pakistan has secured a $1.7 billion debt relief agreement to help offset the financial headwinds sparked by the coronavirus pandemic, officials said Monday. The deal, following months of negotiations with creditors, will provide a moratorium on debt payments for large swathes of the current fiscal year and help ease the cash-strapped country’s massive…