The amount of the financing was not disclosed, but the IMF and World Bank put Sudans total external debt at an estimated $49.8 billion as of the end of 2019. Tuesday 11/05/2021 A file picture shows International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaking in Washington. (REUTERS) WASHINGTON The IMF executive board on Monday…
The International Monetary Fund (IMF) executive board approved on Monday a financing plan to help mobilize resources needed for the fund to cover its share of debt relief to Sudan. The financing plan relies on a broad effort of IMF member countries, including cash grants and contributions derived from the fund’s internal resources, IMF Managing…
8 dos and donts of debt consolidation By Polly Fleeting Tuesday, 11 May 2021 Are your multiple debts getting too hard to manage and a little expensive? A debt consolidation loan may be what you need! Whats that, you ask? Well, a debt consolidation loan is a financial product that allows you to roll your…
Washington, DC: Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement following approval by the IMF Executive Board on a financing package for Sudan: Today, the IMF Executive Board approved a financing plan that will help mobilize the resources needed for the IMF to cover its share of debt…
“We know that people in this situation may find it harder to engage with debt advice and are being chased for their debts when they are least likely to be able to deal with it.” The Money and Pensions Service (MaPS) has launched a new pilot to help people in mental health crisis avoid worsening…
Firms providing debt management services need to apply to ASIC for a credit licence and become a member of AFCA by 30 June 2021. ASIC (Australian Securities and Investments Commission) hasreleased an information sheet for providers of debt management services, explaining their new regulatory obligations, including the requirement to be licensed. The release follows the…
A NEW breathing space scheme for people drowning in problem debt has come not a moment too soon, according to an insolvency trade body for Dorset. R3 Insolvency has welcomed the introduction of a 60-day grace period to allow people to get their finances back on track without receiving worrying letters or facing enforcement action.…
By Reuters Staff 2 Min Read ATHENS (Reuters) – Spains Prime Minister Pedro Sanchez on Sunday renewed his call for debt mutualisation, saying it will help Europe better compete with other countries around the world. Slideshow ( 2 images ) In an interview with Greek To Vima newspaper published on Sunday, Sanchez said that an…
MUMBAI: Ltd today reported a firm set of earnings for the quarter ended March even though the companys standalone bottomline missed Streets estimates by some distance. The steelmaker reported a near 50 per cent jump in revenues in the standalone business on a year-on-year basis, while the consolidated business saw sales rise 39 per cent.…
American statesman John Adams, who served as U.S. president from 1797 to 1801, famously said, There are two ways to conquer and enslave a country: One is by the sword; the other is by debt. China, choosing the second path, has embraced colonial-era practices and rapidly emerged as the worlds biggest official creditor. With its…