December 13, 2023

IMF and World Bank Announce US$4.5 billion in Debt Relief for Somalia – International Monetary Fund

Debt HelpBy Insolvency Advisory Accountants December 13, 2023

December 13, 2023 WASHINGTON, DC:The Executive Boards of the International Monetary Fund (IMF) and the World Banks International Development Association (IDA) have approved[1] the Heavily Indebted Poor Countries (HIPC) Initiative Completion Point for Somalia, which provides total debt service savings for the country of US$4.5 billion.[2] Following HIPC Completion Point, Somalias external debt has fallen…

Somalia earns major debt relief – GZERO Media

Debt HelpBy Insolvency Advisory Accountants December 13, 2023

Having fulfilled major reform requirements, Mogadishu now stands to benefit from a $4.5 billion debt write-off organized through the International Monetary Fund and World Bank. Progress rewarded: Over the past 15 years, Somalia has worked to improve governance, fiscal discipline, and efforts to tackle poverty, which were conditions for debt relief. Federal troops aided by…

Restructuring, redundancy advice sought as firms face inflationary pressures – RNZ

RestructuringBy Insolvency Advisory Accountants December 13, 2023

File photo. Photo: 123rf Employers and Manufacturers Association (EMA) is seeing increasing demand from employers looking for advice on restructuring and redundancy, as they look to cut costs. EMA head of advocacy Alan McDonald said requests had been steadily rising through the year, with a sharp increase over the past four months. EMA head of…

Liquidators appointed after UWA-based childcare centre Unicare enters voluntary administration – PerthNow

LiquidationBy Insolvency Advisory Accountants December 13, 2023

Liquidators are looking for a new owner to take over a not-for-profit childcare centre on the University of WA campus after it entered voluntary administration last week. WA Insolvency Solutions were appointed voluntary administrators of the University Child Care Club operating as Unicare on December 7. The early childhood centre first opened in 1988 with…

Somalia has reached its debt relief milestone. Now the real work begins – The Guardian

Debt HelpBy Insolvency Advisory Accountants December 13, 2023

Debt relief is just the beginning of real change for Somalia. The country has been suffocating under the huge weight of unsustainable debt for more than three decades. Between 2012 to February 2017, when I led the first internationally recognised government since the collapse of the state in 1991, we realised quickly that we had…

IMF, World Bank Grant $4.5B Debt Relief to Somalia – Mirage News

Debt HelpBy Insolvency Advisory Accountants December 13, 2023

WASHINGTON, DC: The Executive Boards of the International Monetary Fund (IMF) and the World Bank’s International Development Association (IDA) have approved[1] the Heavily Indebted Poor Countries (HIPC) Initiative Completion Point for Somalia, which provides total debt service savings for the country of US$4.5 billion.[2] Following HIPC Completion Point, Somalia’s external debt has fallen from 64…

Celebrating 50 years of the International Debt Report – World Bank

Debt HelpBy Insolvency Advisory Accountants December 13, 2023

Over the past half century, the world has witnessed significant changes, including a remarkable decline in global extreme poverty and global inequality. The World Bank Group has played a crucial role in this progress through its loans, grants, and guarantees to promote economic growth and development. One constant has remained amidst these changes: the annual…

santec Leverages Rimini Consult to Comprehensively Restructure its SAP Systems in Support of Major Corporate … – Financial Post

RestructuringBy Insolvency Advisory Accountants December 13, 2023

This section is Partnership Content supplied The content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire Breadcrumb Trail Links PMN Press Releases Business Wire News Releases santec Leverages Rimini Consult to Comprehensively Restructure its…

Austria's Corporate Insolvency Surge: Impact on Key Sectors – BNN Breaking

LiquidationBy Insolvency Advisory Accountants December 13, 2023

Spike in Corporate Insolvencies in Austria: Retail, Construction, and Hospitality Sectors Hit Hard Austria is witnessing a significant rise in corporate insolvencies, with a 13% increase in insolvency filings in 2023 compared to the previous year, according to Austrian credit protection association KSV1870. This surge has led to 5,401 companies facing insolvency, averaging 15 company…

Mastering debt consolidation: Essential tips for success – nestegg.com.au

Debt HelpBy Insolvency Advisory Accountants December 13, 2023

This method can simplify your payments, potentially lower interest rates, and help you pay off debt faster. However, it requires careful planning and understanding. Here are essential tips for effective debt consolidation. Assess your financial situation Start by thoroughly assessing your current financial situation. List all your debts, including credit card balances, personal loans, and…

Daily Archives: December 13, 2023