U.S. reinstates Sudan’s sovereign immunity, authorizes funds to help pay debt – Reuters UK

By Nafisa Eltahir, Humeyra Pamuk 4 Min Read CAIRO/WASHINGTON (Reuters) – The United States on Monday reinstated Sudans sovereign immunity, as the U.S. Congress passed legislation formalizing the move, following the ending of Sudans designation as a state sponsor of terrorism. However, the legislation includes an exemption allowing lawsuits by the families of victims of…

Credit card debt fell and the savings rate rose this year, but financial counsellors issue warning on buy-now, pay-later plans – ABC News

People should be careful to avoid a Christmas debt hangover, financial counsellors have warned, despite Australians reducing their credit card bills amid the uncertainty of 2020. Key points: Credit card balances decreased by $11.7 billion this year Buy-now, pay-later services continue to increase in popularity Financial counsellors typically see an increase in calls for help…

Pakistan signs US$1.7 billion debt relief deal – Macau Business

Pakistan has secured a US$1.7 billion debt relief agreement to help offset the financial headwinds sparked by the coronavirus pandemic, officials said Monday. The deal, following months of negotiations with creditors, will provide a moratorium on debt payments for large swathes of the current fiscal year and help ease the cash-strapped countrys massive financial obligations.…

As Student Debt Soars, Relief Should Focus on Neediest Borrowers – Barron’s

Text size Ty Wright/Bloomberg The national debate around student loan forgiveness has shifted into high gear. Last month, Sen. Chuck Schumer called for the elimination of up to $50,000 of student loan debt, joining a chorus of activists for debt forgiveness. Not to be outdone, Secretary of Education Betsy Devos just extended a pandemic-inspired moratorium…

Omnibus Spending Deal Includes $1.3 Billion in Debt Relief for HBCUs – Diverse: Issues in Higher Education

December 21, 2020 | : Several of Congresswoman Alma Adams (NC-12) equity-oriented higher education priorities are included in the FY21 Omnibus spending deal, including her bill, The HBCU Capital Finance Debt Relief Act, which cancels over $1.3 billion in debt held by historically Black colleges and universities (HBCUs). According to Adams office, the bill also…

Pakistan signs USD 1.7 billion debt relief deal – The New Indian Express

By AFP ISLAMABAD:Pakistan has secured a $1.7 billion debt relief agreement to help offset the financial headwinds sparked by the coronavirus pandemic, officials said Monday. The deal, following months of negotiations with creditors, will provide a moratorium on debt payments for large swathes of the current fiscal year and help ease the cash-strapped country’s massive…