Loans

Biden officials plan to take action to ease student debt

The Biden administration is examining whether it can take steps to ease student debt through executive action, even as it continues to call on Congress to pass legislation to help borrowers and their families. A tweet from White House press secretary Jen Psaki appeared to go beyond her comments at …

Read More »

Creditor countries urged to consider debt relief after 2020

Through Leigh thomas, Andrea Shalal PARIS / WASHINGTON (Reuters) – G20 countries and Paris Club creditor countries must start thinking about debt relief for the poorest countries beyond a debt payment freeze this year and Straightforward restructuring could be inevitable, the world’s top chief financial officers said on Wednesday. Speaking …

Read More »

Private creditors oppose blanket debt relief for Africa

Through Marc Jones, Tom arnold LONDON (Reuters) – Prominent emerging market creditors have created a task force to help heavily indebted African countries cope with the economic impact of COVID-19, but have criticized G20 calls for global debt relief. debt. The African Private Creditors Working Group (AfricaPCWG) said it was …

Read More »

Zambia defaults for African debt relief

Indebted Zambia and the International Monetary Fund (IMF) locked in difficult talks for a possible bailout, laying the groundwork for debt relief in a new framework to help poor countries cope with unsustainable arrears . The copper-rich southern African country became the continent’s first sovereign default during the coronavirus era …

Read More »

A reform of the international debt architecture is urgent – IMF blog

Through Kristalina Georgieva, Ceyla Pazarbasioglu, and Rhoda Weeks-Brown عربي, 中文, Español, French, 日本語, Português, Русский The COVID-19 pandemic has pushed debt levels to new heights. Compared to the end of 2019, average debt ratios in 2021 are expected to increase by 20% of GDP in advanced economies, 10% of GDP …

Read More »

BoT urges monitoring of debt servicing capacity

The Bank of Thailand requires financial institutions to monitor the debt service capacity of borrowers. (File photo from Bangkok Post) The Bank of Thailand is asking financial institutions to monitor the debt service capacity of borrowers as the second phase debt relief measure expires this month, the president of GH …

Read More »