An additional 1.65 million people have been pushed into extreme poverty in the worlds poorest countries after a succession of economic shocks since the Covid pandemic, according to the United Nations. In a report highlighting the human cost of inaction, the UN Development Programme (UNDP) said low-income countries urgently needed breaks from their debt repayments…
CNN The Biden administration announced Friday that 804,000 borrowers will have their student debt wiped away, totaling $39 billion worth of debt, in the coming weeks due to fixes that more accurately count qualified monthly payments under existing income-driven repayment plans. For far too long, borrowers fell through the cracks of a broken system…
A punishing series of economic shocks over the past three years drove 165 million people into poverty worldwide and left debt-swamped developing nations unable to afford adequate schooling, medicine and other social services, according to a report from the United Nations Development Program. Some of the worlds poorest countries borrowed heavily since 2020 to cope…
Hailey Gertner expects to spend time soon reworking and re-evaluating her budget, the record of what shes spending and earning. Theres a reason for Gerners financial examination. The 26-year-old Greeley resident is one of millions of Americans who later this year will again be responsible for paying student loans following the U.S. Supreme Court decision…
Local governments around the country are using Covid relief funds to eliminate medical debt for their communities. And thats great: medical debt is a huge problem. Its bad for hospitals and patients alike, and its the leading cause of bankruptcy for families in the United States. But using Covid funds to pay off existing medical…
Victorians seeking help with their struggle to pay for electricity have seen their average energy bill debts blow out to almost $2,500 an increase of nearly $750 since 2021, a new report has found. The Consumer Action Law Centre report, published on Thursday, found issues with energy companies not informing households of financial hardship entitlements…
UNCTAD and its partners help equip the African nation with the tools and knowledge to better manage its public debt and enhance transparency. Shutterstock/Janusz Pienkowski | Banknotes of the Ouguiya, Mauritanias official currency. A recently concluded UNCTAD project has helped Mauritania improve its public debt management. Implemented as part of UNCTADs Debt Management and Financial…
Debt consolidation often saves you money by giving you lower interest rates on your current debt.JuFagundes/Getty JUMP TO Section Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. What is debt consolidation? Does debt consolidation hurt your credit? How can debt consolidation raise your credit score? What is…
According to a new report by the UN Global Crisis Response Group, entitled A World of Debt, a total of 52 countries almost 40 per cent of the developing world are in serious debt trouble, Mr. Guterres said, backing calls for them to receive urgent fiscal relief. Last year global public debt reached a record $92 trillion,…
China signalled more economic support measures are imminent after authorities took a small step toward supporting the ailing property market by extending loan relief for developers.Top state-run financial newspapers ran reports yesterday flagging the likely adoption of more property supportive policies, along with measures to boost business confidence.Earlier, financial regulators stepped up pressure on banks…