Hidden debt hurts economies. Better disclosure laws can help ease the pain – IMF

While these undisclosed obligations are not large when compared to global public debt topping $91 trillion, they pose a growing threat to low-income countries, already highly in debt with annual refinancing needs that have tripled in recent years. The problem is even more pressing amid higher interest rates and weaker economic growth. Accountability, too, is imperiled without accurate…

Nascar pens multi-year partnership with National Debt Relief

Nascar has agreed a multi-year partnership with credit counselling company National Debt Relief. Contract: New York-based firm becomes the first debt relief partner of the stock car racing series The deal includes prominent signage at events, Nascar-themed advertising in race telecasts, and ‘investments’ on Nascar’s digital platforms and radio broadcaster Motor Racing Network Context: This…

China Tightens Controls on Wealth Management Products Amid Local Government Debt Concerns -Asian Wealth Management and Asian Private Banking

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