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…
Topline The International Monetary Fund announced Monday it would not ask 28 of the worlds poorest countries to make debt payments through October, extending its relief period as Treasury Secretary Janet Yellen said she’s worried 150 million people could be pushed into extreme poverty because of the Covid-19 pandemic. Treasury Secretary Janet Yellen listens during…
Washington, DC: The Executive Board of the International Monetary Fund (IMF) approved on April 1, 2021 a third tranche of grants for debt service relief for 28 member countries under the Catastrophe Containment and Relief Trust (CCRT). This approval follows two prior tranches approved on April 13, 2020 and October 2, 2020, respectively (see Press…
Climbing out of debt can feel like a nearly-impossible task with all the late fees and interest rates. The best debt relief programs can lighten your load. Our in-depth research led us to the top six debt relief programs to help you get out of debt. We factored in topics like financial guarantee, transparency and…
WASHINGTON The Biden administration entered the White House with an eye toward relieving the strain of student loan debt, particularly amid the added financial burden of the coronavirus pandemic. On day one in office, President Joe Biden signed an executive order extending a pause student federal loan payments enacted by the previous administration as part…
Dale Lending wants you to believe they are offering loans with APRs as low as 3.02%. They have begun flooding the market with debt consolidation and credit card relief offers. The problem is that the terms and conditions are at the very least confusing, and possibly even suspect. Do you really think you will be…
Dr. Miguel Cardona To support institutional advancement, the United States Department of Education issued $1.6 billion in debt relief for 45 historically Black colleges and universities (HBCUs). Funding was provided under the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) passed in December 2020. Chosen schools are participants of the HBCU Capital Financing Program, which…
There have been plenty of rumors regarding federal student loan forgiveness, as well as several different plans that could bring this type of plan to fruition at least for some. For example, Senate Democratic Leader Chuck Schumer (D-NY) and Senator Elizabeth Warren (D-MA) have called for President Biden to forgive $50,000 in federal student loan…