PARIS/WASHINGTON (Reuters) – G20 countries and Paris Club creditor nations must start thinking about debt relief for the poorest countries beyond a debt payment freeze this year and outright restructurings may be unavoidable, top global finance chiefs said on Wednesday. Speaking to an online G20 debt conference, International Monetary Fund Managing Director Kristalina Georgieva said…
Not all advice is good advice. And when it comes to advice on how to better manage your finances, there are a lot of common misconceptions floating around that experts are eager to discredit. CNBC SelectaskedLeslie Tayne, a debt-relief attorney and founder of Tayne Law Group, about some of the bad advice her clients have…
Islamabad [Pakistan], July 6 (ANI): Pakistan will sign its debt relief agreement with G20 countries separately before the deadline of December 31, 2020, in order to avail debt relief of slightly over USD 2 billion (Rs 335 billion) to mitigate negative effects of COVID-19 pandemic, as per media reports. A top official of the Finance…
With international travel plans axed, employees working less hours and some savings accounts looking thinner, Aussies are starting to tighten their wallets. This is according to MyState Bank, who found that a large 44% chunk of Australians are wanting to cut back on spending on discretionary items for the rest of this year. The survey…
Auntie evades the cops Pathum Thani police are tracking down a mysterious loan shark lender to answer claims she hired a man to beat a vendor who owed her money, leaving him with permanent brain damage. The woman, aged 65-70, dresses plainly and lugs a large rubbish sack around with her, supposedly containing the cash…
A little over a year ago, 30-year-old Clare Seal was 27,000 in debt, and in denial. Ten years of living month to month, two pregnancies and a Pinterest-perfect wedding had caused her to lose her grip on her familys finances and avoiding the issue was easier than asking for help. Calls from the bank were…
Businesses are also enjoying deferrals on almost 300,000 loans while a range of state government fees, charges and payroll tax have been paused or waived. Loading Once this support ends, many businesses are expected to discover they cannot continue or will have to shed staff to remain viable. The government is looking at measures to…
Before rushing into another round of borrowing, developing countries should consider another option that has long been staring them in the face. By taking the steps needed to connect untapped sources of wealth to the global economy, the developing world can finally start to accumulate capital instead of liabilities. LIMA Faced with the effects of…
SAN JOSE, Calif., June 23, 2020 /PRNewswire/ –Of late, it seems that several debt consolidation advertisements surface just about every time I log on promising substantial savings if I consolidate all my debt onto a single loan. With the amount of debt in America staggeringly high, it’s not surprising that many people may consider this…
THE FOUR-LANE, 62-km toll road being built between Masiaka, a business hub in Sierra Leone, and Freetown, the countrys capital, promises shorter journey times, fewer accidents and smoother drives. It is nonetheless controversial. Awarded to China Railway Seventh Group, the project added over $160m to the countrys foreign debt, according to the China-Africa Research Initiative…