Loans

Factbox: How the G20 Debt Service Suspension Initiative works

LONDON (Reuters) – The G20 group, made up of rich countries and major emerging powers, this week extended its Debt Service Suspension Initiative (DSSI) to help the world’s poorest countries cope with the fallout from the COVID-19 crisis until the middle of next year. Below is an explanation of how …

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MCC promises student debt relief to woo dropouts | Education

McLennan Community College is rolling out a program that will write off $ 500 in debt for dropouts who re-enroll and meet other requirements. Rod Aydelotte, Tribune-Herald file photo More than 2,000 McLennan Community College dropouts this week are discovering a new program that MCC hopes to persuade them to …

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Pakistani PM calls for debt relief to fight coronavirus fallout

FILE PHOTO: Pakistani Prime Minister Imran Khan speaks during a joint press conference with Malaysian Prime Minister Mahathir Mohamad (not pictured) in Putrajaya, Malaysia, February 4, 2020. REUTERS / Lim Huey Teng ISLAMABAD (Reuters) – Pakistan has appealed to international stakeholders for urgent debt relief for developing countries so that …

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IMF to grant debt relief to help 25 countries cope with pandemic

WASHINGTON (Reuters) – The International Monetary Fund on Monday said it would provide immediate debt relief to 25 member countries under its Containment and Disaster Relief Trust (CCRT) to allow them to focus more financial resources for the fight against the coronavirus pandemic. FILE PHOTO: The logo of the International …

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Debt remission and Jubilee 2000

With student debt cancellation proposed by some members of Congress, it may be helpful to remember Jubilee 2000, when debt cancellation extended to entire countries. Jubilee 2000 was a movement to cancel the debt of the world’s poorest countries. Struggling with a heavy loan burden, these countries – in Africa, …

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Why the G20 failure on debt cancellation is bad news for women

Last weekend, the Group of 20 (G20) held its Mountain peak in Riyadh, Saudi Arabia. Leaders from the world’s largest economies came together virtually to discuss the global response to the Covid-19 pandemic, which triggered the worst recession since World War II. The meeting followed the G20’s announcement of new …

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US hedge fund launches campaign against planned LG spin-off

SEOUL / BENGALURU (Reuters) – US hedge fund Whitebox Advisors LLC has publicly opposed a plan to split South Korean LG Corp, saying the plan “sacrifices minority shareholder returns in order to resolve family succession issue “. LG Corp announced in November that it would transform five subsidiaries into a …

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