NEW YORK, Jan. 20, 2023 (GLOBE NEWSWIRE) — Apollo Debt Solution BDC (ADS, we, or the Fund) today announced that its Board of Trustees has declared special distributions totaling $0.06 per share to be distributed in three consecutive monthly payments of $0.02 per share. Payments will be made on or around March 29, 2023, April…
Jan 19 (Reuters) – Zambia needs “desperate debt relief” and agreements under a Group of 20 restructuring vehicle are proving difficult, the World Bank’s managing director of operations said on Thursday. “In the last two years, we have seen the limitations of the common framework,” Axel van Trotsenburg told a panel at the World Economic…
CHICAGO Today, Mayor Lori E. Lightfoot and City Comptroller Reshma Soni launched the 2023 Administrative Debt Relief (ADR) Pilot Program. Available immediately, the program provides a course for Chicagoans mired in debt stemming from Administrative Hearing violations some of which disproportionately impact low-income communities and are associated with higher fees than other municipal debt. “Like…
(Updates with comments, context) By Jorgelina do Rosario and Yoruk Bahceli Jan 19 (Reuters) – Zambia needs “desperate debt relief” and agreements under a Group of 20 restructuring vehicle are proving difficult, the World Bank’s managing director of operations said on Thursday. “In the last two years, we have seen the limitations of the common…
The cost of living crisis is set to continue impacting household budgets across the country into the first half of 2023 as a result of high inflation, soaring energy bills and ever-increasing prices at the supermarket. As the financial pressure mounts, especially post-Christmas, Christians Against Poverty (CAP) Scotland is encouraging those who are unable to…
Cofounder / Partner at Lendzi. getty As a small-business owner, you should never borrow more money than you need. Debt can be a constant drain on your companys cash flow, and unless you have the principal reserved or can generate the needed profits, you may face problems when that debt becomes due. As a cofounder…
Mazeras Bridge of the Mombasa-Nairobi standard gauge railway in Kenya, May 12, 2017. [Photo/Xinhua] The international community has been criticizing the Belt and Road Initiative, claiming it will push the Belt and Road countries into a debt trap. Yet there has been no substantive research confirming the claim is true. Such criticisms are mostly part…
The government will clear the HELP debt for those who spend four years teaching in a very remote location at a primary or secondary school, day care centre or preschool. It is expected to save teachers an average of $35,000. Eligible teachers will have waived either the debt of their initial teaching degree or whatever…
Summary Companies Zambia received WWF plan offering conservation for debt relief Vast national parks are home to threatened wildlife Debt talks remain stalled over how much relief country requires LONDON, Jan 18 (Reuters) – Zambia received a “debt-for-nature swap” proposal as part of its $13 billion restructuring discussions, a move that while complex to secure…
COLOMBO, Jan 18 (Reuters) – India has told the International Monetary Fund that it strongly supports Sri Lanka’s debt restructuring plan as the island nation seeks a $2.9 billion loan from the global lender, according to a letter seen by Reuters. “We hereby confirm our strong support for Sri Lanka’s prospective (loan) program and commit…