Coronavirus economy: The ‘banker ladies’ saving friends from debt – BBC News

Image copyright Alejandra Sol CasasImage caption Hilda Robles at her home in San Antonio Minority communities in the US and elsewhere have sometimes turned to traditional money saving methods outside the formal banking system. The economic shock from the coronavirus pandemic could spur renewed interest in those savings clubs. When Hilda Robles recalls her first…

Reserve Bank gives Coalition green light for record spendathon in federal budget – The Guardian

Australias public debt levels remain manageable, with record low interest rates leaving the government plenty of room to boost the economy in the October budget, according to the Reserve Bank. In a speech on Tuesday the RBA deputy governor, Guy Debelle, has defended the size of support payments including jobkeeper and jobseeker and given the…

Even during a global pandemic, debt relief should not be granted across the board – D+C Development and Cooperation

Julien Mattia/Le Pictorium/picture-alliance/dpa/MAXPPP David Malpass and Emmanuel Macron have spoken out in favour of debt leniency. This picture was taken in May 2019 in Paris. Low-income countries require support to cope with the Covid-19 pandemic. The international community has responded with intensified lending, debt suspension and even calls for debt cancellation. Money, however, is not…