PODGORICA — A European financial institution is prepared to help refinance Montenegro’s $1 billion debt to China, which the Balkan country incurred over a controversial highway project. Montenegrin Finance Minister Milojko Spajic said the low-interest credit from the financial institution will allow the cash-strapped government make savings and cut interest rates. He also told a…
UK companies struggling with coronavirus-related debts have been thrown a lifeline by the government which will not pursue them for unpaid taxes in order to avoid a wave of insolvencies this summer. Restructuring experts have warned that many companies will struggle to stay afloatfrom next month when emergency Covid-19 business support measures begin to be…
Washington, DC: IMF Managing Director Kristalina Georgieva today announced that the International Monetary Fund has secured sufficient financing pledges to allow the Fund to provide comprehensive debt relief to Sudan. 101 IMF member countries have pledged to provide more than SDR 992 million (US$1,415.7 million) in financing. This will enable the clearance of Sudans arrears…
“The number of prime customers purely using them for that purpose has dropped from 59% to 43%, while home improvement usage has increased.” More second charge borrowers are using the proceeds from their loans for other purposes beyond debt consolidation, according to the latest data from Evolution Money. Evolution’s quarterly data tracker analyses data from…
By XIMENA BUSTILLO 06/21/2021 10:00 AM EDT With help from Tatyana Monnay Editors Note: Weekly Agriculture is a weekly version of POLITICO Pros daily Agriculture policy newsletter, Morning Agriculture. POLITICO Pro is a policy intelligence platform that combines the news you need with tools you can use to take action on the days biggest stories.…
UNITED NATIONS, CMC United Nations Secretary-General Antnio Guterres has called for debt relief extension forCaribbean and other middle-income countries. Guterres says that innovative measures to address debt are required to help the world’s more than 100 middle-income countries expand their economies and exit the COVID-19 pandemic. In addressing a high-level UN General Assembly meeting on…
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A mortgage is much more than just a big, scary debt you have to pay to enjoy homeownership. It’s an opportunity, thanks to today’s record-low interest rates, to get ahead financially, whether through building wealth or better managing your other debts. First, understand the difference between good and bad debt. Put simply, good debt is…
Selects editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners. In May 2018, I quit my job as a youth leadership program director without having secured another. It was an…
Innovative measures to address debt are required to help the worlds more than 100 middle-income countries expand their economies and exit the COVID-19 pandemic, UN Secretary-General Antnio Guterres told the General Assembly on Thursday. Addressing a high-level meeting on these nations, which account for more than half of the UNs 193 Member States, he underlined…