Loans

Writer runs Africa programs at Freedom House The Covid-19 pandemic has sparked calls to postpone debt payments by low-income countries and ultimately to write off much of the debt entirely. Some 300 global legislators are request the World Bank and the IMF to cancel the debt now because dilatory payments …

WARSAW (Reuters) – In April, amid a nationwide coronavirus lockdown in Poland, Katarzyna discovered that the baby she was carrying had a serious genetic condition and would likely die before birth or soon after. She immediately decided to terminate the pregnancy. When she finally did, five weeks later and after …

By MARK MAYNARD, Kentucky today SHEPHERDSVILLE, Ky. (KT) – Need evidence of God at work? Look no further than Little Flock Baptist Church. Nine years ago, the church just outside of Louisville was in debt of $ 3.2 million. Last Sunday they paid the last penny. As the pandemic has …

CLEVELAND (CNS) – Debt relief advocates for the world’s poorest countries call on international policymakers to cancel debt payments and expand debt relief for developing countries to scale up care health and protect vulnerable people and workers during the coronavirus pandemic. The request from more than 100 organizations, including more …

The International Monetary Fund on Monday announced immediate debt relief for 25 poor countries to help them release funds to fight the Coronavirus pandemic. “This provides grants to our poorest and most vulnerable members to cover their debt obligations to the IMF during an initial phase over the next six …

Subscribe to our Policy NewsletterNY for the latest coverage and to stay informed about the 2021 elections in your district and across New York Election day, less than two weeks away from November 3, will decide the winner of the lively race for the 11th Congressional District encompassing Staten Island, …

Michael A. McCoyGetty Images Before joining Joe Biden’s presidential campaign as the vice-presidential pick, Senator Kamala Harris pitched some big ideas on how to stimulate the economy. Her proposals as a presidential candidate offer a particular vision for an economy that protects low- and middle-income families, under-represented groups and the …

DUBAI, United Arab Emirates (AP) – Leaders of the world’s most powerful countries concluded the Group of 20 summit on Sunday, pledging to spare no effort to protect lives and ensure affordable access to COVID-19 vaccines for all . The two-day summit of heads of state was held virtually due …

NEW YORK – Richard Chow has participated in protests calling for debt relief for besieged taxi drivers since his brother, another taxi driver, committed suicide. The pair took out huge loans on the value of their taxi medallions before the taxi industry and medallion values ​​collapsed in the face of …

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 …