BANGKOK, Dec 19 (Reuters) – Thailand’s cabinet has approved debt suspension for smaller businesses and support for retail debtors, the prime minister said on Tuesday, in the government’s latest move to address the country’s festering debt issues. The programme is part of a plan to help the 10.3 million people who are struggling to service…
BANGKOK, Dec 19 (Reuters) – Thailand’s cabinet approved debt suspension for smaller businesses and support for retail debtors, Prime Minister Srettha Thavisin said on Tuesday. The government will also try to keep diesel prices at around 30 baht ($0.8581) per litre and electricity bills at up to 4.2 baht per unit to help lower energy…
There are plenty of debt relief solutions – even if you have a poor credit score. Getty Images If you’re looking for a way to get out of debt, chances are you’ve read about options like balance transfer credit cards with promotional interest rates, debt consolidation loans and home equity loans. However, you’ll typically need…
Horns of livestock after their corpses were cremated near a livestock market in Kajiado County, Kenya following a historic fifth consecutive failed rainy season earlier this year.Imago / Alamy With many countries trapped in debt crisis as the climate emergency deepens, the aid agency Cafod has warned that billions of pounds more in support will…
More than 43 million student loan borrowers rang in 2023 full of hope that their debt balances would drop by either $10,000 or $20,000 under President Joe Bidens forgiveness plan. But that promised relief never materialized after the Supreme Court struck down Bidens plan in June, leaving borrowers in limbo until student loan payments resumed in…
The International Monetary Fund and the World Bank approved $4.5 billion in debt forgiveness for Somalia Wednesday after the Horn of Africa nation completed years of financial reforms under the Heavily Indebted Poor Countries Initiative, or HIPC. The initiative was launched in 1996 by the IMF and the World Bank to help the worlds poorest…
The amount of debt you have, your rates and how you pay can impact the time it takes to pay off your debt. Getty Images If you have experience with credit card debt, you may know that it can get frustrating quickly. That’s because in most cases, minimum payments are calculated as 1% of your balance…
Somalia is set to receive debt relief of $4.5 billion from international creditors, the International Monetary Fund and World Bank announced Wednesday, as part of a debt forgiveness initiative overseen by both organizations. The east African country is one of the poorest in the world, struggling to recover from decades of civil war, and with…
December 13, 2023 WASHINGTON, DC:The Executive Boards of the International Monetary Fund (IMF) and the World Banks International Development Association (IDA) have approved[1] the Heavily Indebted Poor Countries (HIPC) Initiative Completion Point for Somalia, which provides total debt service savings for the country of US$4.5 billion.[2] Following HIPC Completion Point, Somalias external debt has fallen…
Having fulfilled major reform requirements, Mogadishu now stands to benefit from a $4.5 billion debt write-off organized through the International Monetary Fund and World Bank. Progress rewarded: Over the past 15 years, Somalia has worked to improve governance, fiscal discipline, and efforts to tackle poverty, which were conditions for debt relief. Federal troops aided by…