Bangkok Post – Debt shouldn’t stifle development

A street in central Caracas, Venezuela, on April 30. The United States has granted Venezuela permission to hire financial advisers to begin restructuring its debt. (Photo: The New York Times) On April 15, a group of developing countries launched the Borrowers’ Platform to create a more powerful collective voice in debt-management discussions and international financial…

Indian American donor pays off loans for NC State graduates

Indian American philanthropist Anil Kochhar has drawn attention after funding a surprise initiative to help graduating students at North Carolina State University pay off portions of their final-year student loan debt. The announcement was made during graduation events at the university, where students learned that eligible loan balances tied to their final academic year would…