China says has given $2.1 billion of debt relief to poor countries – Reuters UK

By Reuters Staff 3 Min Read FILE PHOTO: Chinese Finance Minister Liu Kun attends a news conference on China’s economic development ahead of the 70th anniversary of its founding, in Beijing, China September 24, 2019. REUTERS/Florence Lo BEIJING (Reuters) – China has extended debt relief to developing countries worth a combined $2.1 billion under the…

From debt relief to restructuring: The G20 wakes up to reality – Atlantic Council

Saudi Minister of Finance Mohammed al-Jadaan wears a protective mask as he attends a virtual meeting of G20 finance ministers and central bank governors in Riyadh, Saudi Arabia July 18, 2020. G20 Saudi Arabia/Handout via REUTERS As the pandemic-induced global recession continues to batter African economies, the Group of Twenty (G20) governments have sidestepped the…

Mottley wants debt relief for middle-income countries | Loop News – Loop News Barbados

Prime Minister Mia Amor Mottley has joined the call for debt relief to be extended beyond the poorest countries to middle-income countries. Speaking at the virtual launch of the ‘Debt Relief for Green Recovery’ Report, Mottley stated that middle-income countries were making sacrifices every day in choosing sustainability and resilience over the cheap and easy…

Robodebt victims welcome the Federal Government’s $1.2 billion settlement – ABC News

Victims of the Federal Government’s controversial Robodebt system are welcoming a settlement that includes $112 million in compensation. Key points: The Federal Government made a late settlement before the trial began The class action’s lead plaintiff, Katherine Prygodicz, said the settlement was a “relief” The deal now needs the approval of the Federal Court A…