WASHINGTON/KHARTOUM (Reuters) – Sudan has settled its debts with the World Bank after nearly three decades, moving the heavily indebted African country closer to a much-needed international debt-relief package, the World Bank, U.S. Treasury and IMF said on Friday. World Bank President David Malpass attends the “1+6” Roundtable meeting at the Diaoyutai state guesthouse in…
The USDA will disburse up to $4 billion in Biden-backed loan forgiveness to minority farmers as speedily as possible, said Agriculture Secretary Tom Vilsack at the first-ever House Agriculture Committee hearing on the state of Black farmers. Farm state Republicans said the debt relief, intended as compensation for decades of racism, was itself discriminatory because…
Many people around the world are caught up in the chains of debt. It is an uncomfortable situation, as every financial problem can significantly limit our ability to buy things we want. Sometimes, this budget hole can be so big that it may seem unsolvable. If you are having problems with managing your debt, do…
By Andrea Shalal 4 Min Read (Recasts with World Bank statement) WASHINGTON, March 26 (Reuters) – Sudan has settled its debts with the World Bank after nearly three decades, moving the heavily-indebted African country closer to a much-needed international debt relief package, the World Bank and U.S. Treasury Department said on Friday. World Bank President…
Consumers whose finances have suffered due to coronavirus have just a matter of days remaining to apply for an off-the-peg payment deferral on debt they are struggling to pay. The extended 31 March deadline for applications, as set down by the Financial Conduct Authority (FCA), applies to mortgages, personal loans, credit cards, store cards and…
By Andrea Shalal 4 Min Read (Recasts with World Bank statement) WASHINGTON, March 26 (Reuters) – Sudan has settled its debts with the World Bank after nearly three decades, moving the heavily-indebted African country closer to a much-needed international debt relief package, the World Bank and U.S. Treasury Department said on Friday. World Bank President…
As the IMF prepares a $650 billion injection of funds into the global economy, there are calls to target support to climate vulnerable nations As the International Monetary Fund is poised to inject $650 billion into the global economy, indebted low and middle-income countries are exploring ways to leverage the relief into green investments. In…
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Millions of Americans have started receiving stimulus checks as part of the $1.9 trillion American Rescue Plan meant to help the U.S. economy continue its recovery from a recession induced by the COVID-19 pandemic. Although the legislation was only signed into law by President Biden two weeks ago, economist Hugh Johnson says the measure is…
Lockdown has thrown many challenges our way. Whether its a change in income, reduced working hours or being furloughed, millions have had to adapt to new circumstances. Unfortunately, this has caused many to worry about their finances particularly those repaying credit. The good news is, there are a number of ways you can make your…