Climate vulnerability should be factored into debt relief, says IMF head – Climate Home

Kristalina Georgieva said the IMF was considering proposals to ensure climate vulnerable middle-income nations receive support to build back better from Covid-19 The head of the International Monetary Fund has urged rich nations to reconsider the criteria for developing countries to access international finance, saying vulnerability to climate shocks should be taken into account. At…

Mexico, Argentina urge debt relief for middle-income nations – Yahoo Finance Australia

GlobeNewswire Plus Products Reports Audited 2020 4th Quarter and Year-End Financial Results SAN MATEO, Calif., April 07, 2021 (GLOBE NEWSWIRE) — Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) (the Company or PLUS), a cannabis branded products company in the U.S., today released its audited financial and operational results for the three and twelve months ended…

National COVID debts: climate change imperils countries’ ability to repay – Nature.com

The effects of Hurricane Maria in Dominica in 2017 caused millions of dollars worth of damage to the countrys economy.Credit: Alejandro Cegarra/Bloomberg via Getty Most governments astronomical borrowing during the current pandemic pays scant attention to the effects that climate change could have on their ability to repay the debt. Here we present an analysis…

Keys to African recovery: Vaccines, debt, and commodities – Atlantic Council

South African President Cyril Ramaphosa receiving a consignment of critical personal protective equipment (PPE) and other medical supplies. (Flickr/GovernmentZA/Government Communication and Information System) As recovery from the economic fallout of the pandemic occurs, richer countries appear to be progressing faster than poorer onesmany of them in Africa, where 60 percent of the worlds poor live.…

IMF Cancels Debt Payments For Poorest Countries As Yellen Calls For Boosted Covid Relief – Forbes

Topline The International Monetary Fund announced Monday it would not ask 28 of the worlds poorest countries to make debt payments through October, extending its relief period as Treasury Secretary Janet Yellen said she’s worried 150 million people could be pushed into extreme poverty because of the Covid-19 pandemic. Treasury Secretary Janet Yellen listens during…

IMF Executive Board Extends Debt Service Relief for 28 Eligible Low-Income Countries through – Mirage News

Washington, DC: The Executive Board of the International Monetary Fund (IMF) approved on April 1, 2021 a third tranche of grants for debt service relief for 28 member countries under the Catastrophe Containment and Relief Trust (CCRT). This approval follows two prior tranches approved on April 13, 2020 and October 2, 2020, respectively (see Press…