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A group of former African leaders is growing louder in its push for collective relief from private, bilateral, and multilateral creditors as some of the world’s poorest countries struggle to meet crippling debt burdens.

The African Leaders Debt Relief Initiative launched earlier this year in Cape Town, South Africa, on the sidelines of the G20 finance ministers’ meeting. With it came the Cape Town Declaration, which calls for comprehensive debt restructuring and efforts to lower the cost of capital for highly indebted countries. The group is chaired by former Nigerian President Olusegun Obasanjo, and includes former presidents from Senegal, Malawi, Tanzania, Ghana, and Mauritius, and a former prime minister of Ethiopia.

“About 90%…

PORTLAND Ore. (KPTV) – Since the nonprofit Dollar For was founded in 2012, it has eliminated a total of $100 million in medical bills for patients across the United States.

Dollar For started as a crowd-funded, grassroots organization in Portland. Now, it has turned into a successful nonprofit, led by founder Jared Walker.

“I realized in America, a lot of times when you have a medical crisis, you have a financial crisis,” Walker said.

Dollar For helps patients find out if they qualify for financial assistance and then helps them fill out and submit the necessary paperwork for the hospital.

As it reads on Dollar For’s website: “We help individual patients navigate and access hospital financial assistance programs that forgive or…

By sector, last year only the general government sector registered a deterioration in its NIIP, which went from –38.1% to –40.2% of GDP, its worst figure since 2021. In contrast, significant improvements were recorded both in the Other Domestic Sectors category («OSR» in Spanish) and, most notably, in Monetary Financial Institutions excluding the Bank of Spain («OIFM»): in both cases, they went from a debtor balance to a creditor balance, reaching 2.5% and 4.3% of GDP, respectively (versus –1.8% and –2.8% the previous year), and marking the highest figures in the series. In the case of Other Domestic Sectors, this is also the first time this has happened: households and corporations have switched to having a net creditor…

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The Senior Traffic Commissioner for Great Britain issues the following Guidance under section 4C(1) of the Public Passenger Vehicles Act 1981 (“1981 Act”) and by reference to section 1(2) of the Goods Vehicles (Licensing of Operators) Act…

• More than 1,000 directors disqualified following Insolvency Service investigations.  

• Of these, 736 were banned for Covid loan abuse. 

• The report also highlights the average length of a ban was eight years.  

Latest figures from the Insolvency Service show the agency banned more than 1,000 directors in 2024-25, of which 736 were for Covid loan abuse.  

The Insolvency Service enforcement outcomes report for 2024-25 was published on 14 April 2025.  

The report shows that of the 1,036 directors who were disqualified, 736 were for Covid loan abuse and the average length of a ban was eight years.  

The report also shows that there have been 131 bankruptcy restriction orders put in place, 87 of…

With the average American carrying nearly $8,000 in credit card debt and card rates hovering near historic highs, debt-related stress has become a daily reality for millions of households. In today’s high-rate, inflationary landscape, even the most modest credit card balance can result in a constant juggling act of minimum payments, late fees and growing balances. And, when that…