The global economy avoided what could have been a systemic debt crisis during the turbulence of recent years, but vulnerabilities remain amid high debt servicing costs that pose an important challenge for low and middle-income countries. Some may yet confront major tests. When countries do falter on debt, restructuring is critical to containing the damage.…
Preventing a Default on Development and Climate: How Debt Relief Can Support Development Efforts for over 1 Billion People Myanmar. Photo by Anna Claire Schellenberg via Unsplash. By Marina Zucker-Marques Investing in development and climate while maintaining economic and financial stability is a balance that emerging market and developing economies (EMDEs) need to strike in…
This overview is excerpted from Manatt on Health, Manatt’s subscription service that provides in-depth insights and analysis focused on the legal, policy and market developments. On July 26, Centers for Medicare & Medicaid Services (CMS) approved North Carolina’s plan to condition enhanced Medicaid payments on hospitals’ participation in a statewide medical debt relief policy initiative.…
As 2024 starts, the good news is that there haven’t been any notable requests by a low-income country for comprehensive debt relief since Ghana’s, more than a year ago. Despite this, vulnerabilities remain, with high debt servicing costs a growing challenge for low-income countries. Financing pressures due to relatively high interest payments and the pace…
Religious leaders meet in Kigali last week (CNA/Caritas Africa) Church leaders in Africa have called for large-scale debt cancellation to relieve the continent’s crushing debt burden. Source: The Tablet. According to the African Development Bank, Africa’s total external debt stood at $US1.15 trillion in 2022 and rose to $1.52 trillion in 2023. The Church leaders…
Governor: All qualifying hospitals, including SAMC, ECU Chowan, join debt relief plan The Daily Advance Read the original article here
The Law Council of Australia is calling on the Federal Government to provide Higher Education Loan Program (HELP) relief to increase the number of lawyers living and working in regional, rural and remote (RRR) locations. Law Council of Australia President Luke Murphy said about a third of the Australians lived outside capital cities but less…
Tally, a credit card debt management platform, has closed its doors due to a lack of funds to run its operations, founder and CEO Jason Brown said in a LinkedIn post Monday. The nine-year-old fintech decided to shut down after considering all alternatives, underscoring the current difficulties facing financial technology companies. “This was not the…
Dave Ramsey’s advice to struggling Virginia man, buried in debt, who’s jealous of his free-to-spend co-workers Nate from Richmond, Virginia, finds himself in a conundrum. He holds a college degree from an “expensive” school, but it hasn’t helped him achieve the high-paying career he anticipated. It’s having an effect on both his finances and relationships…
CHENNAI: The special fund packages and the corpus infused by the Centre have helped the cash-starved BSNL to cut its debt to Rs 23,297 crore in March 2024 from Rs 40,400 crore in March 2022. In his reply to a question raised in Rajya Sabha, Union Minister of State for Communications Dr Premmasani Chandra Sekhar…