A joint mission of the International Monetary Fund (IMF) and World Bank has recommended the creation of a unified Debt Management Office (DMO) to strengthen the country’s public debt framework and reduce fiscal and operational risks.

According to the mission, Bangladesh’s debt management functions remain fragmented across multiple agencies, creating coordination gaps, inconsistent data, and difficulties in formulating a comprehensive strategy.

The proposal was presented at a workshop titled “Establishing a Debt Management Office” yesterday at the Secretariat in Dhaka, according to a press release.

The event was organised under the Scheme on Strengthening the…

Jennifer and Dean Bye were just getting by before Hurricane Ida slammed into southern Louisiana in 2021. The couple own a house in a comfortable subdivision in Paulina, a town about an hour west of New Orleans, that they share with their three kids. They had their challenges before the storm — Jennifer had recently been diagnosed with uterine cancer around the same time that one of their children was diagnosed with nonverbal autism — but the…

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Receivers of the bankrupt publican Jon Adgemis have listed three of his accommodation venues for sale, Empire Hotel, South Bondi Hotel and Hotel Diplomat in Sydney, adding to the tally of his former properties to hit the market this year.

The three venues are among five assets owned by Adgemis’ Public Hospitality that lender Deutsche Bank took control over in September, including The Exchange in Balmain and Claridge House in Darlinghurst. The South Bondi Hotel in Bondi Beach was formerly known as Noah’s Backpackers.

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A joint International Monetary Fund (IMF) and World Bank mission has recommended that Bangladesh establish a unified Debt Management Office (DMO) to strengthen public debt governance, streamline borrowing operations, and reduce fiscal risks yesterday (3 November).

The proposal was presented at a workshop titled “Establishing a Debt Management Office”, held…

New research commissioned by debt charity StepChange and Equifax has uncovered the profound and often hidden financial challenges faced by neurodivergent individuals.

The research, which combined an online survey with in-depth interviews of neurodivergent individuals experiencing debt, found that almost all survey respondents (97%) felt that being neurodivergent presented challenges when it came to managing their debt. Despite this, almost two in three (64%) did not seek help from their creditors.

Feeling overwhelmed (73%) and anxious (72%) were among the biggest reasons people didn’t seek support from creditors, closely followed by feeling negative stigma about their debt (60%). Less than a third (32%) of those who…

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