Loans

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 …

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NYC to Launch Taxi Driver Fund Using Federal COVID-19 Relief

New York City will launch a $ 65 million “relief fund” to help taxi drivers restructure their debt, Mayor Bill de Blasio said on Tuesday. The fund will offer “financially troubled” drivers a $ 20,000 zero-interest loan plus another $ 9,000 to restructure the debt on their medallions, which the …

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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 …

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