The Covid-19 pandemic is putting government finances of many developing countries under severe strain (Djankov and Panizza 2020). In response, a range of proposals and calls for action have been floated by experts and policy makers (Bolton et al. 2020a, 2020b, Bulow et al. 2020; Horn et al. 2020; Landers et al. 2020). In a…
Debt consolidation could make your outstanding obligations more manageable. Here’s what you need to know. A lot of people had debt before the coronavirus pandemic began. But at this stage of the game, it’s fair to assume there are many folks who’ve had no choice but to add to their debt due to the ongoing…
Go out there and spend. Dont worry about the build up of debt. You will be making a mistake if you remove support for your economies too soon. Thats the message from Kristalina Georgieva, the managing director of the International Monetary Fund, to finance ministers as they contemplate how to deal with the economic damage…
Post Views: 100 Consumers assess the pros and cons of debt consolidation and what methods are most helpful to the individual. Getting out of an ever-growing collection of debt helps the consumer approach their finances more responsibly. Unsecured debts are the most common accounts that present a serious problem for consumers. Shopping, traveling, and entertainment…
LONDON (Reuters) – Rich nations, development banks and private creditors need to ramp up support for poorer countries to prevent humanitarian crises and a lost decade of global growth, the prominent G30 group of former policymakers and academics said on Wednesday. How to support struggling countries is the most pressing issue being discussed during the…
G20 finance ministers and central bankers are set to hold talks Wednesday aimed at spurring global recovery from a coronavirus-triggered recession while considering a proposal to extend debt relief for crisis-hit poor countries. The virtual talks, hosted by current G20 president Saudi Arabia, come a day after the International Monetary Fund warned that global GDP…
Finance chiefs from the Group of 20 major economies are expected to agree Wednesday to extend their debt relief for developing countries hobbled by the coronavirus pandemic, conference sources said. The G-20 finance ministers and central bank governors are holding a virtual meeting and will also likely endorse delaying a deal on new taxation rules…
G20 finance ministers and central bankers are set to hold talks Wednesday aimed at spurring global recovery from a coronavirus-triggered recession while considering a proposal to extend debt relief for crisis-hit poor countries. The virtual talks, hosted by current G20 president Saudi Arabia, come a day after the International Monetary Fund warned that global GDP…
The African country struggles to convince lenders that it cannot pay its debt, preferring to divert money to saving lives at home. After facing off powerful private creditors, the small African country of Zambia is now at loggerheads with Chinese lenders on the matter of deferring debt repayments which have crippled its economy. Zambia is…
Zambia has said it will resist pressure from Chinese creditors to make paying arrears a condition of pursuing debt relief talks, as the southern African nation battles to restructure $11bn of external debts. Africas second-biggest copper producer has become a test case for the ability of poor and indebted nations to find debt relief as…