FLORENCE/NEW YORK, 1 April 2021 Around 1 in 8 countries globally spends more on debt than on social services, according to a UNICEF report released today. COVID-19 and the Looming Debt Crisis notes that 25 countries globally the majority of them already burdened by poverty and deprivation spent a higher proportion of total government expenditure…
By Robbie MeredithBBC News NI Education Correspondent image captionFoyle College moved to a new state of the art campus in the city’s Waterside in 2018 A Londonderry grammar school has asked former pupils to help pay an outstanding debt of 821,000 to the Department of Education (DE). A letter, which has been seen by BBC…
St. John’s Episcopal Church took the charitable route in celebration of Lent. Church members like Dr. Don Zorn raised $28,000 dollars to pay off medical debt for Floridians. TALLAHASSEE, Fla. (WTXL) Imagine opening your mailbox to find a letter saying your medical debt has been forgiven. Thanks to St. John’s Episcopal Church and RIP Medical…
Some advocates of the newly-enacted debt relief provisions for minority farmers have called it a form of reparations. But House Agriculture Committee Chairman David Scott, who is African American, strenuously objects to that characterization. He says the $4 billion just makes up for the fact that white farmers primarily benefitted from the billions of dollars…
Antnio Guterres, the UN secretary-general, is right to sound the alarm, warning of a coming debt crisis for countries in the global south (Developing world faces looming debt crisis, Report, March 29). My country, Zambia, was one of the first to default on foreign debt payments last year. However, this debt crisis did not just…
Washington Bold new mechanisms are urgently needed to help low- and middle-income countries address crippling debt, sharply worsened by the COVID-19 pandemic, threatening vital investment to tackle poverty and climate change for years to come, the United Nations Development Programme (UNDP) says in a new report. The study, published today, echoes a call by the…
Washington Bold new mechanisms are urgently needed to help low- and middle-income countries address crippling debt, sharply worsened by the COVID-19 pandemic, threatening vital investment to tackle poverty and climate change for years to come, the United Nations Development Programme (UNDP) says in a new report. The study, published today, echoes a call by the…
Student loan startups are seeing tailwinds of new investment and new customers as the U.S. faces a continued student loan debt crisis. Subscribe to the Crunchbase Daily The Federal Reserve estimates $1.7 trillion in U.S. student loan debt. Students, on average, graduate with $29,000 of private and federal loan debt and default on their loans…
The Education Department (ED) is halting interest and debt collection on about 1.14 million defaulted loans in the Federal Family Education Loan Program (FFELP). At a time when many student loan borrowers have faced economic uncertainty, were ensuring that relief already provided to borrowers of loans held by the Department is available to more borrowers…
Though significant steps have been taken to preventdebt crises across the world sparked by the COVID-19 crisis,they have not been sufficientto restore economic stabilityinmany developing countries, according to a policy brief issued by the UN Secretary-General on Monday. More than a year into the pandemic, the fiscal impacts of the crisis are triggering debt distress…