Greece has achieved the most significant public debt reduction among European Union member states, according to Eurostat data released in April 2025. The country’s debt-to-GDP ratio dropped by 10.3 percentage points between the fourth quarter of 2023 and the same period in 2024—the steepest drop in the EU bloc. By the end of 2024, Greece’s…
The International Monetary Fund (IMF) has urged Ghana and other nations implementing debt reforms to build public acceptance of energy subsidies and pension adjustments. The Fund noted that such reforms, despite their long-term benefits, often faced resistance from the public, civil society organisations, labour unions, and opposition groups. It recommended effective communication and stakeholder engagement,…
By Joshua Worlasi AMLANU African central bank governors have urged the International Monetary Fund to overhaul its debt sustainability framework, saying the current model fails to reflect the continent’s unique economic vulnerabilities. The call came during the African Consultative Group Meeting held in Washington on Tuesday, April 22, where the Bank of Ghana Governor, Dr.…
More than 3 million current and former university students promised 20 per cent reductions in their student debts under Labor would not get that saving under a Peter Dutton government, with the Coalition confirming it would not proceed with Labor’s $16 billion debt-reduction plan. A Liberal campaign statement said the party would ditch the policy…
Sunac Urges Creditors to Support Proposed Debt Swap Plan Bloomberg.com Read the original article here
*Editor’s note: This blog is the second in a series addressing the global debt crisis. Read the first here. In today’s world, money and power are tightly intertwined. Many low- and middle-income countries around the globe lack the monetary resources they need to build robust education, health care, and infrastructure systems, harming their ability to…
INDIANAPOLIS — Two events Wednesday pledged to help Hoosier veterans. One will put being put money toward veteran debt relief, and the changes Senator Jim Banks wants to make to the Roudebush VA Medical Center in Indy. An announcement Wednesday morning at IMS included a pledge from Verizon, Team Penske, and the Indianapolis Colts to…
INDIANAPOLIS — Verizon, Team Penske, and the Indianapolis Colts pledged to commit $6 million to erase medical debt for some Hoosier veterans over the next two years in an announcement Wednesday morning. “Giving back to them, especially in this time of need, when they didn’t ask for health issues, they just have them, is the…
By Andrea Shalal WASHINGTON (Reuters) -More work is needed to improve the sovereign debt restructuring process and help countries facing mounting debt service challenges, the chairs of a global debt roundtable said on Wednesday, as they released a new playbook to aid those efforts. The Global Sovereign Debt Roundtable, formally launched in late 2022 to…
By Gina Kim · April 23, 2025, 9:57 PM EDT The Federal Circuit declined to revive claims by socially disadvantaged farmers who said the government owes them millions of dollars after repealing a coronavirus pandemic-era debt relief program, ruling Tuesday the… To view the full article, register now. Read the original article here