Chair Warren, Ranking Member Kennedy, and Members of the Committee, thank you for the opportunity to testify today. Federal student loans impose a crushing burden on many borrowers, particularly those who enroll in programs where most students dont finish, programs where most graduates are unable to find a job, or programs where debts incurred are…
By Reuters Staff 1 Min Read FILE PHOTO: Bank of Italy Governor Ignazio Visco presents Bank of Italy’s annual report in Rome, Italy, May 29, 2020. Alessandro Di Meo/Pool via REUTERS/File Photo ROME (Reuters) – International institutions will come up with more debt relief initiatives for poor countries, the central bank governor of Italy, which…
By Reuters Staff 1 Min Read FILE PHOTO: Bank of Italy Governor Ignazio Visco presents Bank of Italy’s annual report in Rome, Italy, May 29, 2020. Alessandro Di Meo/Pool via REUTERS/File Photo ROME (Reuters) – International institutions will come up with more debt relief initiatives for poor countries, the central bank governor of Italy, which…
UNITED NATIONS: Prime Minister Imran Khan joined UN Secretary General Antonio Guterres on Monday in urging creditors to provide debt suspension, relief and liquidity to help developing nations cope with the negative economic impact of the Covid-19 pandemic. The prime minister, who made the opening statement at a special segment of the UN Economic and…
UNITED NATIONS: Prime Minister Imran Khan joined UN Secretary General Antonio Guterres on Monday in urging creditors to provide debt suspension, relief and liquidity to help developing nations cope with the negative economic impact of the Covid-19 pandemic. The prime minister, who made the opening statement at a special segment of the UN Economic and…
Imran Khan-led Pakistan government is expected to get another $1 billion relief in loans this year from the G20, reported the Express Tribune. Pakistans Economic Affairs Ministry said the relief would be covered under the third phase of the G20s Debt Service Suspension Initiative. The Islamic Republic will receive this debt relief under the third…
The idea of forgiving debt held by poor countries in exchange for green investments gained ground this week during the spring meetings of the IMF and World Bank, with concrete proposals expected in time for a global climate summit this fall. Low-income countries face a double crisis they are under pressure to pay down their…
Print this page About GDMF The Government Debt Management Function was established in 2017 to provide strong functional leadership at the centre of government, with the right technical expertise. Our vision is to create fair debt outcomes for all. Good debt management is a key part of achieving the governments objectives for fiscal policy. When…
Save the Children welcomes the G20s efforts to respond to the economic crisis caused by the COVID-19 pandemic, including vital support for the worlds poorest countries. However, with 35 low-and-middle-income countries continuing to spend more on debt payments than on healthcare for their people, the organisation remains extremely concerned about the lack of debt relief…
File photo taken on Nov 19, 2020 shows the media center of the Group of 20 (G20) in Riyadh, Saudi Arabia. [Photo/Xinhua] Some developing countries still struggling to combat the COVID-19 pandemic have been granted more time to stave off the economic effects after the G20 group of the world’s largest economies extended its offer…