WS/FCS receives $400,000 private donation for debt repayment

Twin City Development Foundation is donating $400,000 to Winston-Salem/Forsyth County Schools amid the district’s budget crisis. Winston-Salem City Council Member Robert Clark, who is also the nonprofit’s board chair, presented the news at a Board of Education meeting Tuesday night. “We urge others to join us in supporting the school system during this critical time,”…

Can US backing help Pakistan escape its endless debt trap?

News Desk 15 October 2025, 06:46 PM IST Pakistan’s deepening debt crisis has forced it back to the IMF negotiating table, as Islamabad seeks US-backed financial relief amid mounting repayments and dwindling reserves. President Donald Trump watches Pakistan’s Prime Minister Shehbaz Sharif delivering a speech at the Gaza International Peace Summit, in Sharm el-Sheikh, Egypt.…

Minister Purbaya to Meet OJK on Subsidized Housing Debt Relief

TEMPO.CO, Jakarta – Finance Minister Purbaya Yudhi Sadewa is scheduled to meet with the Financial Services Authority (OJK) to discuss a debt settlement strategy for prospective subsidized housing customers. Purbaya stated that this meeting aims to provide clarity for individuals whose poor credit records within the OJK’s Financial Services Information System (SLIK) are currently preventing them…

Minister Purbaya to Meet OJK on Subsidized Housing Debt Relief

TEMPO.CO, Jakarta – Finance Minister Purbaya Yudhi Sadewa is scheduled to meet with the Financial Services Authority (OJK) to discuss a debt settlement strategy for prospective subsidized housing customers. Purbaya stated that this meeting aims to provide clarity for individuals whose poor credit records within the OJK’s Financial Services Information System (SLIK) are currently preventing them…

Global Hub on Debt for Development Swaps

Debt-for-development swaps, or debt swaps, can help countries address liquidity challenges while advancing sustainable development goals. They provide debt reduction and debt-service savings during periods of fiscal pressure, while channeling resources into critical sectors such as education, health, nature conservation, and nutrition. In partnership with the Government of Spain, the World Bank is supporting the…