With Zambias recent default on debt repayment and global concern over pandemic-related economic impacts, the G20 meeting in Riyadh wrapped up Sunday with a commitment through June for the Debt Service Suspension Initiative (DSSI) to allow developing nations to defer debt payments. The coronovirus pandemic is not only the greatest health crisis of our time,…
By Davide Barbuscia, Andrea Shalal 3 Min Read DUBAI/WASHINGTON (Reuters) – Leaders of the worlds 20 biggest economies on Sunday endorsed a plan to extend a freeze in official debt service payments by the poorest countries to mid-2021 and backed a common approach for dealing with their debt problems. FILE PHOTO: Projection of a “Family…
By Reuters Staff 1 Min Read WASHINGTON (Reuters) – The head of the International Monetary Fund on Sunday called for prompt and effective implementation of a new G20 framework set up to help the worlds poorest countries reach permanent debt relief, but said other countries needed help as well. It is critical to operationalize this…
BRUSSELS (Reuters) – Leaders of the 20 biggest economies on Saturday vowed to ensure a fair distribution of COVID-19 vaccines, drugs and tests around the world and do what was needed to support poorer countries struggling to recover from the coronavirus pandemic. We will spare no effort to ensure their affordable and equitable access for…
The Ministry of Economic Affairs has estimated that Pakistan can potentially get relief worth $915m during January-June 2021. photo: reuters ISLAMABAD: Pakistan has so far secured $800 million worth of debt freeze deals from 14 members of the richest club of G-20 countries, as it still awaits ratification by remaining six countries including Saudi Arabia…
World News Raya Jalabi Ryan Woo Andrea Shalal BEIJING/DUBAI/WASHINGTON (Reuters) – Leaders of the 20 biggest economies on Saturday vowed to ensure a fair distribution of COVID-19 vaccines, drugs and tests around the world and do what was needed to support poorer countries struggling to recover from the coronavirus pandemic. Media watches Saudi King Salman…
BEIJING/DUBAI/WASHINGTON (Reuters) – Leaders of the 20 biggest economies on Saturday vowed to ensure a fair distribution of COVID-19 vaccines, drugs and tests around the world and do what was needed to support poorer countries struggling to recover from the coronavirus pandemic. “Family Photo” for annual G20 Summit World Leaders is projected onto Salwa Palace…
By Jan Strupczewski 4 Min Read BRUSSELS (Reuters) – Leaders of the 20 biggest economies (G20) are debating this weekend how to distribute COVID-19 vaccines, drugs and tests around the world so that poorer countries are not left out as nations look for ways to manage a post-coronavirus recovery. “Family Photo” for annual G20 Summit…
Even as getting millions more Americans into college has had tremendous social value, this metastasizing debt crisis has had tremendous social costs. An entire generation has been set back: Millennials are on track to be the first generation in modern history to end up poorer than their parents. Student loans are delaying retirements. Theyre suppressing…
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Leaders of the 20 biggest world economies (G20) will debate this weekend how to deal with the unprecedented COVID-19 pandemic that has caused a global recession and how to manage the recovery once the coronavirus is under control. Continue Reading Below High…