By Kopano Gumbi JOHANNESBURG (Reuters) – United Nations Secretary-General Antonio Guterres said on Wednesday that existing debt relief mechanisms were far from adequate to address global vulnerabilities, calling on the Group of Twenty nations to do more to deliver financial justice. Guterres made the comments during a visit to South Africa, which became the first…
JOHANNESBURG – United Nations Secretary-General Antonio Guterres said on Wednesday that existing debt relief mechanisms were far from adequate to address global vulnerabilities, calling on the Group of Twenty nations to do more to deliver financial justice. Guterres made the comments during a visit to South Africa, which became the first African country to lead…
United Nations Secretary-General Antonio Guterres has expressed serious concerns over the adequacy of current debt relief mechanisms, calling for urgent reforms by the Group of Twenty (G20) nations. Speaking at an event in Johannesburg, Guterres offered scathing criticism of the G20’s ‘Common Framework’, introduced during the COVID-19 pandemic, as being insufficient for addressing global…
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(Bloomberg) — Thailand unveiled a fresh set of debt-relief measures to cover millions of retail borrowers and small businesses struggling to repay loans, the latest bid by authorities to tackle the highest level of household debt in Southeast Asia. An estimated 1.9 million debtors with about 890 billion baht of sticky loans ($26 billion) taken…
Thailand Unveils Debt-Relief Measures to Cover $26 Billion Loans Bloomberg Read the original article here
Lending International Monetary Fund Read the original article here
Highlighting the growing challenge of inter-generational debt, Finance and Corporate Affairs Minister Nirmala Sitharaman on Wednesday underscored the need for economies to prioritise “debt management and financial security” in the coming decade. She cautioned against placing an excessive financial burden on future generations, calling for sustainable fiscal policies to address the issue. “Responsible economies can’t…