By Lawrence Pacheco Colorado Attorney General Phil Weiser applauded todays announcement that the U.S. Department of Education will deliver $130 million in automatic loan forgiveness for 7,400 students who attended Colorado-based locations of CollegeAmerica between January 1, 2006, and July 1, 2020. The Department found that CollegeAmericas parent company, the Center for Excellence in Higher…
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In recent years, China has disbursed tens of billions of dollars in emergency loans and debt restructuring packages to provide relief for countries around the world at risk of financial crises. The bilaterally-agreed bailouts are often on Chinas own terms, but increasingly, the major creditor has been pressed to consider a new proposal that it…
Summary Chinese leaders promise “basket of measures” to fix local debt Latest Politburo stance suggests Beijing may be ready to step in Extent of Beijing’s involvement closely watched by economists Measures could involve state bank loans, special bonds BEIJING, Aug 7 (Reuters) – China’s promised “basket of measures” to defuse local government debt risks is…
The Commission has published its fourth half-yearly report on the debt management operations it conducts to finance the EUs borrowing and lending programmes, covering the period JanuaryJune 2023. These were the first six months in which the Commission used the diversified funding strategy – that was developed in 2021 to finance NextGenerationEU to also fund…
Minister for Regional Development and Manufacturing and Minister for WaterThe Honourable Glenn Butcher Relief for South East Queensland households hit with high water bills due to a concealed leak New SEQ Bulk Water Concealed Leak Remission Scheme and debt relief Remission will be administered through the 5 water service providers in South East Queensland The…
03 August 2023 JONATHAN FOYE Sydney, Australia A new report by the United Nations Global Crisis Response Group, A World of Debt, recently found that 52 countries are in serious debt trouble. In comments made following the release of the report, UN Secretary-General Antnio Guterres particularly drew attention to the way poorer nations relied on private creditors who…
Beginning Aug. 7, about 3,700 Minnesotans can expect a pink envelope in the mail that says: Congratulations, your medical debt has been retired and we have notified the credit bureaus that this debt has been extinguished. Thats according to Jeff Smedsrud. Hes the managing director of CA Foundation, a Fergus Falls nonprofit that made a…
Debt management is a crucial component of personal finance. (Rawpixel pic) According to the insolvency department, the total number of bankruptcy cases in Malaysia from 2018 to last December stands at 49,133, the primary causes of which include non-payment of personal and business loans. Indeed, financial difficulties owing to job losses, medical emergencies, or business…
NAIROBI, July 31, 2023 Somalia’s efforts toward building strong institutions received a boost with a new $75 million grant, the second in a series of two grants that is helping the country make progress on its path to qualify for full and irrevocable debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative. In a…