Heavily Indebted Poor Countries (HIPC) Initiative

The World Bank, the International Monetary Fund (IMF) and other multilateral, bilateral and commercial creditors began the Heavily Indebted Poor Countries (HIPC) Initiative in 1996. The program was designed to ensure that the poorest countries in the world are not overwhelmed by unmanageable or unsustainable debt burdens. It reduces the debt of countries meeting strict…

Debt Overview: Development news, research, data

Achieving the Sustainable Development Goals requires significant investment—in infrastructure, human capital, and climate change resilience, among other areas. But governments in developing countries are often limited in their ability to mobilize domestic revenues or private investment, while external grants are scarce. Debt financing is critical for development. But it must be transparent, well-managed, and used in…

Shohei Ohtani’s ex-interpreter stole $16M from MLB star for gambling debt: U.S. DOJ – National

The former longtime interpreter for Los Angeles Dodgers star Shohei Ohtani is being charged with federal bank fraud for crimes involving gambling debts and theft of more than $16 million from the Japanese sensation, federal authorities said Thursday. U.S. Attorney Martin Estrada announced the charges Thursday. Ippei Mizuhara served as Ohtani’s interpreter after Ohtani came…