EU urged to back African green debt relief plan, amid punitive interest rates – EUobserver

The EU should back an African campaign for a new round of debt relief linked to green investment and development, Ghana’s former president will urge policymakers in Brussels on Thursday (2 October). In his speech ahead of November’s EU-African Union summit in Angola, Nana Akufo-Addo called for “a new global debt relief initiative — ambitious, equitable, and tailored to our…

Gov’t launches $599 mn long-term debt relief program

사진 확대 (Yonhap) The South Korean government launched its new long-term debt relief program, the Bad Bank (New Leap Fund), on Wednesday, with 840 billion won ($599 million) in funding. Through this initiative, about 1.13 million debtors are expected to have a total of 16.4 trillion won in debt written off. The Financial Services Commission…