Latest News for: World debt


Speech by Axel van Trotsenburg, Managing Director, Operations at the International Conference to Support the Sudanese Transition

Reliefweb 19 May 2021
On behalf of World Bank Group President David Malpass—an early and vocal champion of debt relief for Sudan, allow me to convey the optimism and sense of urgency with which we look forward to the HIPC Decision Point for Sudan ... The HIPC debt initiative is important for three reasons. ... However, we must also look beyond debt relief.

Paris summit mobilises finance, vaccines for Africa ‘New Deal’

Al Jazeera 18 May 2021
“We are asking the World Health Organization (WHO), the World Trade Organization (WTO) and the Medicines Patent Pool to remove all these constraints in terms of intellectual property which blocks the production of certain types of vaccines,” Macron added ... Debt restructuring would feature large in efforts to help Africa, Draghi said.

Sudan's PM Abdalla Hamdok announces foreign investment plan after debt relief boost

The National 18 May 2021
Sudanese Prime Minister Abdalla Hamdok sought to market his impoverished country to European business leaders as an attractive investment destination on Tuesday, a day after Khartoum cleared a final hurdle to receiving broader relief on its $50 billion foreign debt ... Debt relief ... An additional $6bn of its external debt is commercial in nature.

Managing Director Georgieva's Opening Remarks at the Sudan Conference's Plenary Session on "Delivering on Economic ...

International Monetary Fund 18 May 2021
In particular, we have seen very good movement toward the HIPC Decision Point, which will deliver much needed debt relief to Sudan from multilateral and bilateral creditors ... Fourth, with the help of our the IMF and the World Bank, Sudan has made significant progress in reconciling debt numbers with creditors.

Covid’s next challenge: The growing divide between rich and poor economies

Live Mint 18 May 2021
Covid-19 is reopening a rift between economies in the world’s richest and poorest nations, driven by growth rates that are moving firmly in opposite directions ... is growing faster than at any time since the end of World War II ... Much of the developing world entered the pandemic with sharply elevated external debts.

France, African leaders push to redirect $100 billion in IMF SDR reserves by October

Metro USA 18 May 2021
... by only 3.2% in 2021, compared with 6% in the rest of the world ... World finance chiefs agreed in April to boost SDRs by $650 billion and extend a debt-servicing freeze to help developing countries deal with the pandemic, although only $34 billion was to be allocated to Africa.

IMF calls for major reforms to turn Zimbabwe's economy around

Beijing News 18 May 2021
The government has yet to provide a clear plan on how the country will expunge almost $10 billion of debt owed to multilateral lenders including the World Bank, Paris Club and African Development Bank that are crucial for it to access fresh credit lines.

Court: China-built Port City commission needs public assent

Bowling Green Daily News 18 May 2021
But that debt has deepened Sri Lanka's debt burden. Sri Lanka leased a Chinese-built port in Hambantota, which is near the world’s busiest east-west shipping route, to a Chinese firm in 2017 for 99 years in a bid to recover from the heavy burden of repaying a loan obtained the country received to build the facility ... All rights reserved ... .

If You're Just Discovering Inflation, You Likely Don't Know What It Is

Black Hills Pioneer 18 May 2021
England had debt that was 260 percent of GDP in 1815, but since the country tied its pound to gold, there was no inflation to speak of ... debt soared during World War II, but the dollar’s definition as 1/35th of an ounce of gold kept the greenback sound.

Police mock gangster twins with billboard showing how they’ll look after prison

Metro UK 18 May 2021
He said ... ‘The consequences of being involved in the supply of drugs and firearms are worlds away from that. ‘Instead you become embroiled in violence and debt and are constantly looking over your shoulder.’. He continued ... The Cullens used violence to intimidate and control those they felt had crossed them, as well as to enforce debts ... More. Crime news ... .

PATRICK LAWRENCE: 1948 — No Longer Shrouded in the Mists

Consortium News 18 May 2021
The events leading to David Ben–Gurion’s declaration of the independent state of Israel on May 14, 1948, have long been explained as expressions of the humanitarian debt the world owed all Jews who survived the Nazis’ terror regime.

Emmerdale spoilers: Terror for Lydia Dingle as she faces a violent attack

Metro UK 18 May 2021
Lydia faces a terrifying ordeal (Picture. ITV) ... Lydia’s world turned upside down when she discovered Paul (Reece Dinsdale) had left her with mountains of debt and to make things worse, Lydia sees what’s been posted about her online and she’s heartbroken by it ... .

Stream Wars: AT&T, Discovery take on TV giants with merger

Boston Herald 18 May 2021
“I think, together, the combination makes us the best media company in the world,” said Discovery CEO David Zaslav, who will run the new company if regulatory approvals are granted, probably sometime next year ... AT&T also would receive about $43 billion in cash, debt securities and other considerations.

Sudan sacks top judge, accepts chief prosecutor's resignation

The New Arab 18 May 2021
"The council has relieved Neamat Abdullah Mohamed Kheir from her position as head of the judiciary," it said ... Read more ... The amount of the financing was not disclosed, but the IMF and World Bank put Sudan's total external debt at an estimated $49.8 billion as of the end of 2019.https.// — The New Arab (@The_NewArab) May 11, 2021 ... ....

Assurant Announces CEO Retirement and Succession Plan

The Marshall News Messenger 18 May 2021
“I owe a debt of gratitude to our employees across the world for their continued dedication and support, and their unrelenting ability to pivot and grow for the benefit of all stakeholders,” Colberg said ... will support and drive innovation through our connected world businesses.”.