By Jackie Veling Credit card balances, delinquencies and interest rates are up, making it tougher to get out of debt. This article is reprinted by permission from NerdWallet. A new year is a time for resolution-making, and in 2023 you may be especially determined to get control of your finances. For many, that means eliminating…
Cape Verde owes around $150m to the Portugese state but Portugal says it will write off the debt if the African island nation spends the money on environmental measures Portugal has signed an agreement to swap Cape Verdes debt for investments in an environmental and climate fund that is being established by the archipelago nation…
The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters. Read here: Cough syrup deaths: WHO probes Indian, Indonesian firms links – Report India…
Woman in blanket – stock shot Government borrowing hit a new high in December, driven by the cost of supporting households with their energy bills and rising debt interest costs. Borrowing, the difference between spending and tax income, was 27.4bn, the most for any December since records began in 1993. Interest on government debt hit…
NEW DELH/COLOMBO, Jan 24 (Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters. India wrote to the IMF earlier this month,…
(Reuters) -India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday. The island nation of 22 million people has grappled with challenges during the past year ranging from a shortage of foreign currency to runaway inflation…
US Treasury Secretary Janet Yellen said restructuring Zambias debt was a top priority as she visited the debt-ridden African country on Monday. In 2020, as the Covid-19 pandemic battered Africa, Zambia became the first country on the continent to default on its foreign debt, estimated at $17.3 billion. It has sought help through a G20…
LUSAKA, Jan 23 (Reuters) – U.S. Treasury Secretary Janet Yellen said on Monday on a visit to Zambia it was critically important to restructure its debt, and she believes progress could be made after her frank talks last week with China, which is owed almost $6 billion by Lusaka. Yellen added that Zambia’s debt overhang…
SJB MP Dr. Harsha de Silva The main Opposition Samagi Jana Balawegaya (SJB) yesterday welcomed debt relief support by China and India, the first and third largest bilateral creditors to Sri Lanka. By Darshana Abayasingha The main Opposition Samagi Jana Balawegaya (SJB) yesterday welcomed debt relief support by China and India, the first and third…
NEW YORK, Jan 24 (Reuters) – The holidays are over, but hopefully you took away some lasting memories. Some of them were priceless and others came at a price. For the latter, here is the bad news: it is January and the bill has come due. Some call it the holiday debt hangover, and this…