Save the Children welcomes the G20s efforts to respond to the economic crisis caused by the COVID-19 pandemic, including vital support for the worlds poorest countries. However, with 35 low-and-middle-income countries continuing to spend more on debt payments than on healthcare for their people, the organisation remains extremely concerned about the lack of debt relief…
File photo taken on Nov 19, 2020 shows the media center of the Group of 20 (G20) in Riyadh, Saudi Arabia. [Photo/Xinhua] Some developing countries still struggling to combat the COVID-19 pandemic have been granted more time to stave off the economic effects after the G20 group of the world’s largest economies extended its offer…
Kristalina Georgieva said the IMF was considering proposals to ensure climate vulnerable middle-income nations receive support to build back better from Covid-19 The head of the International Monetary Fund has urged rich nations to reconsider the criteria for developing countries to access international finance, saying vulnerability to climate shocks should be taken into account. At…
The new initiative would focus on systematically changing whole economies, a source tells Reuters. The World Bank and the International Monetary Fund (IMF) are planning to launch a platform to advise poor countries on funding climate and conservation activities, amid a broader push that could link such spending to debt relief, according to a draft…
GlobeNewswire Plus Products Reports Audited 2020 4th Quarter and Year-End Financial Results SAN MATEO, Calif., April 07, 2021 (GLOBE NEWSWIRE) — Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) (the Company or PLUS), a cannabis branded products company in the U.S., today released its audited financial and operational results for the three and twelve months ended…
By Marc Jones 5 Min Read LONDON (Reuters) – Debt experts, charity groups and investors welcomed news on Wednesday that the worlds poorest countries will get new IMF funds and COVID-19 debt relief, but they also cautioned that for some it would still only be a band-aid solution. Pedestrians walk in Buenos Aires’ financial district,…
The effects of Hurricane Maria in Dominica in 2017 caused millions of dollars worth of damage to the countrys economy.Credit: Alejandro Cegarra/Bloomberg via Getty Most governments astronomical borrowing during the current pandemic pays scant attention to the effects that climate change could have on their ability to repay the debt. Here we present an analysis…
South African President Cyril Ramaphosa receiving a consignment of critical personal protective equipment (PPE) and other medical supplies. (Flickr/GovernmentZA/Government Communication and Information System) As recovery from the economic fallout of the pandemic occurs, richer countries appear to be progressing faster than poorer onesmany of them in Africa, where 60 percent of the worlds poor live.…
By Tom Arnold 3 Min Read LONDON (Reuters) – The Bretton Woods Committee has formed a working group of senior bankers, academics and lawyers to propose ways to resolve a rise in sovereign debt distress in emerging markets as a result of the COVID-19 pandemic. The influential U.S.-based non-profit organisation said it will examine how…
The acquisition of Finance Active was a strategic move by Altus after the amount of debt around the world hit an all-time high in 2020. 6 Apr 2021, 11:21 | Karl Tomusk Altus Group has acquired debt management software provider Finance Active SAS for 106.5m The integration of Altus and Paris-based Finance Active will enable…