EM rally makes a mockery of debt relief calls, for now – GlobalCapital

The US Federal Reserves whatever-it-takes approach to stabilising markets has had an unintended victim: serious discussions about debt relief in the emerging markets. As eye-wateringly high EM debt burdens are exacerbated by the economic effects of Covid-19, several high profile economists are frantically penning jointly-authored articles warning of an unprecedented debt crisis. Coordinated debt relief…

Almost £38 million support package for debt advice providers helping people affected by Coronavirus – Mirage News

An extra 37.8 million support package will be available to debt advice providers this year (20-21) so they can continue to provide essential services to help more people who are struggling with their finances due to Coronavirus, minsters have announced. The Money and Pensions Service (MaPS), will oversee the allocation of the funds, including to…