Analysis: China can no longer 'extend and pretend' on municipal debt – Reuters

Summary Chinese leaders promise “basket of measures” to fix local debt Latest Politburo stance suggests Beijing may be ready to step in Extent of Beijing’s involvement closely watched by economists Measures could involve state bank loans, special bonds BEIJING, Aug 7 (Reuters) – China’s promised “basket of measures” to defuse local government debt risks is…

Half-yearly report on H1 2023 debt management operations and … – European Commission

The Commission has published its fourth half-yearly report on the debt management operations it conducts to finance the EUs borrowing and lending programmes, covering the period JanuaryJune 2023. These were the first six months in which the Commission used the diversified funding strategy – that was developed in 2021 to finance NextGenerationEU to also fund…

Cost-of-living relief from concealed leaks – Ministerial Media … – Media Statements

Minister for Regional Development and Manufacturing and Minister for WaterThe Honourable Glenn Butcher Relief for South East Queensland households hit with high water bills due to a concealed leak New SEQ Bulk Water Concealed Leak Remission Scheme and debt relief Remission will be administered through the 5 water service providers in South East Queensland The…

Forgiving what's owed: What does the Bible say about the … – Sight Magazine

03 August 2023 JONATHAN FOYE Sydney, Australia A new report by the United Nations Global Crisis Response Group, A World of Debt, recently found that 52 countries are in serious debt trouble. In comments made following the release of the report, UN Secretary-General Antnio Guterres particularly drew attention to the way poorer nations relied on private creditors who…

Global South Countries Need a New Legal Framework for Debt Relief – Jacobin magazine

Global South Countries Need a New Legal Framework for Debt Relief By Ramya Vijaya Pooja Rangaprasad Global South countries currently seek debt relief at forums like the IMF and G20, where wealthy nations interests dominate the conversation. Low-income economies need a forum where they can collaborate to solve urgent problems rather than begging for relief.…