April 29, 2018 Print this page With power comes responsibility. China is already a great power, not least as a lender for development, notably in support of President Xi Jinpings Belt and Road Initiative. Chinese institutions and multilateral bosies under its influence have become significant creditors of emerging and developing countries. This role can only…
The majority of adults will have to deal with managing their debt at some point in their lives. Accumulating owed funds will often see those same people turn to others for assistance in order to remain somewhat in control. Some will look into informal solutions to control their debt, in order to address the…
The Department of Human Services overseeing Centrelink reports an error rate of about 2 per cent in administering payments. There are other, less flattering figures to report, not least that more than 55 million calls to the welfare agency met engaged tones last year. Human Services, regardless of any criticism it’s copped, says “robo-debt” has…
It’s the pet topic of journalists from China’s state-run media machine. Almost every press conference or CEO roundtable at last month’s Boao Forum included a pre-prepared question about President Xi Jinping’s flagship foreign policy the multitrillion-yuan infrastructure project known as The Belt and Road Initiative (BRI). The rhetoric around President Xi’s vision to construct a…
SIOUX CITY — For a while, most Siouxlanders are able to juggle debt by using credit cards to cover food, gas and other monthly essentials. But eventually, Lori Scott, a certified credit counselor at Center For Siouxland, said they get to a point where they’re unable to make payments on that debt. “Student loans become…
Greek Finance Minister Euclid Tsakalotos presented to his colleagues Friday a growth plan that the Greek government will deliver after the end of the financial assistance in August an attempt to give creditors and markets a guarantee that the country will keep reforming the economy even without external help. He told CNBC about the specific…
WFTV buys $1 million in medical debt to help Central Florida families Medical debt collection haunts one out of every five families in Central Florida. Collection agencies buy their debt for pennies on the dollar and demand payment in full. But now Channel 9 Eyewitness News is doing something about it. Action 9s Todd Ulrich decided to buy $1…
Published on 26.04.2018 at 11h54 by AFP European Commission President Jean-Claude Juncker on Thursday urged eurozone countries to honour their promises to provide debt relief to Greece, whose economy is still struggling. We should now focus on the problem of reducing (Greeces) debt. I want all member states to honour (their)…
ATHENS – European Commission President Jean-Claude Juncker on Thursday urged eurozone countries to honour their promises to provide debt relief to Greece, whose economy is still struggling. European Commission President Jean Claude Juncker said the eurozone needs to honour its pledge to provide Greece with debt relief during a visit to Athens “We should now…
Finance ministers attending the recent Spring Meetings of the International Monetary Fund and World Bank clearly heard the alarm that Indermit Gill and Kenan Karakülah sounded on African debt: The only topic for discussion at the Development Committee lunch was debt in low-income countries. The conversations in hallways and meetings reminded me of those 20…