Preventing a Default on Development and Climate: How Debt Relief Can Support Development Efforts for over 1 Billion People

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Preventing a Default on Development and Climate: How Debt Relief Can Support Development Efforts for over 1 Billion People Myanmar. Photo by Anna Claire Schellenberg via Unsplash. By Marina Zucker-Marques Investing in development and climate while maintaining economic and financial stability is a balance that emerging market and developing economies (EMDEs) need to strike in…

CMS Approves North Carolina’s Plan to Incentivize Medical Debt Relief | Manatt, Phelps & Phillips, LLP

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This overview is excerpted from Manatt on Health, Manatt’s subscription service that provides in-depth insights and analysis focused on the legal, policy and market developments. On July 26, Centers for Medicare & Medicaid Services (CMS) approved North Carolina’s plan to condition enhanced Medicaid payments on hospitals’ participation in a statewide medical debt relief policy initiative.…

African leaders seek debt relief ahead of Jubilee Year

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Religious leaders meet in Kigali last week (CNA/Caritas Africa) Church leaders in Africa have called for large-scale debt cancellation to relieve the continent’s crushing debt burden. Source: The Tablet. According to the African Development Bank, Africa’s total external debt stood at $US1.15 trillion in 2022 and rose to $1.52 trillion in 2023. The Church leaders…

Tally sunsets over failure to raise capital

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Tally, a credit card debt management platform, has closed its doors due to a lack of funds to run its operations, founder and CEO Jason Brown said in a LinkedIn post Monday. The nine-year-old fintech decided to shut down after considering all alternatives, underscoring the current difficulties facing financial technology companies. “This was not the…

Dave Ramsey’s advice to struggling Virginia man, buried in debt, who’s jealous of his free-to-spend co-workers

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Dave Ramsey’s advice to struggling Virginia man, buried in debt, who’s jealous of his free-to-spend co-workers Nate from Richmond, Virginia, finds himself in a conundrum. He holds a college degree from an “expensive” school, but it hasn’t helped him achieve the high-paying career he anticipated. It’s having an effect on both his finances and relationships…

Federal Budget 2024: Treasurer Jim Chalmers flags support for student debts, unpaid placements

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Students and recent graduates saddled with ballooning debts and those partaking in placements for subjects like teaching and nursing are in line for relief in the upcoming federal budget. Speaking to reporters in Canberra, Treasurer Jim Chalmers hinted at measures designed to ease education costs at a time of heightened inflationary pressures. “Whether HECS relief,…