IMF chief says ‘much more decisive’ action needed to deal with debt problems – Reuters

By Andrea Shalal 3 Min Read WASHINGTON (Reuters) – The head of the International Monetary Fund on Sunday called for significant steps to address the increasingly unsustainable debt burdens of some countries, urging creditors and debtors to start restructuring processes sooner rather than later. Slideshow ( 2 images ) IMF Managing Director Kristalina Georgieva said…

World Bank says financial crisis likely from pandemic, China not fully committed to debt relief – Nairametrics

The World Bank has warned that the coronavirus outbreak is turning into a major economic crisis and could likely see the emergence of a financial crisis from the pandemic. This disclosure was made by the World Bank Chief Economist, Carmen Reinhart, during an interview with Bloomberg Television. Reinhart during the interview said, This did not…

An Assessment of the Pros and Cons of Debt Consolidation – News Anyway

Post Views: 100 Consumers assess the pros and cons of debt consolidation and what methods are most helpful to the individual. Getting out of an ever-growing collection of debt helps the consumer approach their finances more responsibly. Unsecured debts are the most common accounts that present a serious problem for consumers. Shopping, traveling, and entertainment…