Sovereignty on life support: Debt holds the reins

There are speeches that contradict themselves through their own inconsistency. Take that of Samir Abdelhafidh, Minister of Economy and Planning. On Wednesday, in the hushed chamber of the Assembly of People’s Representatives, he delivered a passionate defense of the government’s economic policy.  Yet, at that very moment, in the same hall sanctified by democracy, lawmakers…

Bangladesh Foreign Aid Decline 2026 | Bangladesh’s foreign aid commitments fall 37%, debt servicing rises 11%

Foreign aid commitments fell sharply in fiscal year 2025-26 while debt servicing climbed to a record high, highlighting the country’s tightening external financing conditions as it grapples with slowing concessional inflows and rising repayment obligations. Total foreign assistance commitments dropped 37 percent to $5.24 billion in FY26 from $8.32 billion a year earlier, according to…

Keyamo: Airline Owes N14bn Despite Debt Relief

The Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed that one domestic airline is indebted to the Federal Government to the tune of N14bn, warning that the mounting liabilities are undermining the ability of aviation agencies to provide critical services despite the government’s efforts to ease the burden on operators. Keyamo said the…

450K borrowers get debt relief after court blocks Trump delay

A federal appeals court has cleared the way for 450,000 borrowers to receive debt relief after rejecting the Trump administration’s bid to delay discharges under a landmark settlement for students defrauded by for-profit colleges. On July 17, the U.S. Court of Appeals for the Ninth Circuit unanimously rejected the Education Department’s request to postpone relief…

Nearly 500,000 borrowers who say colleges defrauded them are getting student debt relief

A years-long legal fight spanning three presidential administrations is delivering loan discharges, refunds and credit repairs to borrowers who accused schools of misleading them. For hundreds of thousands of federal student loan borrowers, relief that once seemed buried beneath government delays and years of litigation is finally becoming real. 450,000 borrowers who said their colleges…