Loans

Link Covid-19 Debt Relief to Transparency

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 …

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Polish woman’s quest for abortion exposes society in conflict

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 …

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IMF approves debt relief for 25 countries

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 …

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Kamala Harris Economic Priorities | Harris on tax breaks, stimulus checks

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 …

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G-20 summit ends with support for COVID-19 vaccines for all

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 …

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The Medallion back-up plan is not enough

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 …

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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 …

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