Climate action requires debt relief | Opinion | Eco-Business

Today’s global economic turmoil is not just about trade. International Monetary Fund (IMF) managing director Kristalina Georgieva has warned that growing economic uncertainty and financial market stress pose serious threats to developing countries. The danger is particularly acute for highly indebted economies, which are now facing weaker growth prospects and reduced financial support from the United States and…

Moneyhub Extends Its Partnership With Experian to Help People Pay Debt Faster

Moneyhub, a leading UK data and analytics platform, has today announced an extension of their partnership with Experian, the global data and technology company, to introduce the innovative Credit Dashboard. This tool is designed to empower consumers with effective debt management solutions, enabling them to navigate financial challenges with greater ease and confidence.  This collaboration…

African religious leaders intensify calls for debt cancellation as part of the 2025 Jubilee year campaign

Inspired by the Biblical year of Jubilee – where debts are periodically cancelled and the land rested – religious leaders launched the Jubilee 2025 Africa debt cancellation in February with the aim of demanding economic justice Religious News/Fredrick Nzwili Religious leaders from Africa have intensified their call for cancellation of the continent’s crippling private debt and…

The Economic Cost of Debt Forgiveness on Nigeria

A major contributor to the success of Nigeria’s debt relief attempts in the 1980s to early 2000s rested on the fact that the creditor base was less fragmented than it is today. Moreover, private and bilateral creditors were hardly in the mix.   In 2004, 85.82 per cent of Nigeria’s sovereign debt was owed to the…