Debt News
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2020 was a tough year, and 2021 will also bring with it various challenges. One of the challenges will be in terms of consumer finances, especially in relation to securing credit. A finance expert explains the opportunities and threats.
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By AFP
Siem Reap -
Trapped under a mountain of crippling debt, Cambodian farmer Roeurn Reth fears she will have to sell her land to repay microfinance loans that have ballooned due to pandemic-spurred job losses in her family.
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By AFP
Buenos Aires -
Recession-hit Argentina has managed to restructure 99 percent of $66 billion in debt issued under foreign legislation, Economy Minister Martin Guzman announced on Monday.
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A survey from LendEDU of 1,000 adult Americans who are currently repaying federal student loan debt so that we could better understand how this group has been impacted by the pandemic.
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The COVID-19 pandemic has had a major impact on the U.S. economy, and one of the measures of this is with the take-up of loans. New data from WalletHub shows considerable variation throughout the U.S., as measured by individual states.
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By AFP
Buenos Aires -
Argentina on Tuesday formalized a new offer to creditors by presenting its proposal to the US Securities and Exchange Commission as President Alberto Fernandez's government looks to restructure a $66 billion debt.
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By AFP
Buenos Aires -
Argentina will make creditors an improved offer and extend negotiations on restructuring $66 billion in debt through the end of August, President Alberto Fernandez said Sunday."The new offer will be made known today.
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By AFP
Buenos Aires -
Argentina on Friday extended a deadline for debt restructuring talks to June 19 as the economy ministry announced it was preparing to present a new offer to creditors.
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By AFP
Buenos Aires -
Argentina defaulted on Friday for the second time in less than 20 years after failing to pay $500 million of interest on its bond debt, but it continues to negotiate a restructure with creditors, Finance Minister Martin Guzman said.
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By AFP
Buenos Aires -
Argentina was teetering on the brink of a second default this century on Friday as the deadline for a $500 million bond interest repayment approached.
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By AFP
Havana -
Cuba has asked the Paris Club of major creditors for a delay in repaying its debt until 2022, citing the impact of the coronavirus pandemic on its economy, diplomatic sources told AFP on Wednesday.
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By AFP
Maputo -
Mozambique's constitutional court on Tuesday declared null and void loans worth $1.4 billion that triggered the country's worst financial crisis when they were revealed, in a ruling welcomed by debt campaigners.
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By AFP
Athens -
Ten years after sinking into its worst economic crisis in living memory, Greece once again faces the spectre of a grave recession in the midst of a global coronavirus lockdown.
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By AFP
Frankfurt Am Main -
European Central Bank governors agreed Wednesday that banks could put up so-called "junk" bonds as collateral when borrowing from the Frankfurt institution, in case eurozone governments and firms see their credit ratings downgraded as they grapple with...
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By AFP
Apo -
With the global economy plunged into the worst recession in a century, the Group of 20 nations on Wednesday announced a one-year debt standstill for the world's poorest nations as they struggle to deal with the coronavirus pandemic.
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By AFP
Washington -
The Group of 20 nations announced support Wednesday for a temporary halt to debt payments by the world's poorest nations as they struggle to deal with the coronavirus pandemic.
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By AFP
Washington -
The International Monetary Fund on Monday announced immediate debt relief for 25 poor countries to help them free up funds to fight the coronavirus pandemic.
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By AFP
Washington -
The International Monetary Fund and World Bank on Wednesday called for governments to put a hold on debt payments from the world's poorest nations so they can battle the coronavirus pandemic.
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By AFP
Washington -
Argentina's government will need "substantial debt relief" from private creditors as the coronavirus pandemic and its economic impact exacerbates the country's financial situation, IMF chief Kristalina Georgieva said Friday.
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By AFP
Beirut -
Lebanon said Saturday it would default on its Eurobond debt for the first time and seek out restructuring agreements due to a spiralling financial crisis that has hit foreign currency reserves.
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By AFP
Buenos Aires -
Backed by the IMF, Argentina is looking to renegotiate its debt but it faces a race against time to secure short term relief.
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By AFP
Buenos Aires -
Recession-hit Argentina opened talks Wednesday with a team from the IMF, seeking relief from what President Alberto Fernandez says is an unsustainable foreign debt.
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By AFP
Buenos Aires -
Recession-hit Argentina opens talks this week with a team from the IMF, seeking relief from what President Alberto Fernandez says is an unsustainable foreign debt.
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Using an exclusive dataset that included nearly 150,000 student loan payments, digital finance company LendEDU has determined the average monthly student loan payment by U.S. state.
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By AFP
New York -
Lebanon regained its voting rights at the United Nations after paying outstanding dues it owed the international body, a UN spokesman said Monday."Lebanon has just made a payment.
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By AFP
Buenos Aires -
Argentina's center-left government approved on Monday a package of emergency measures aimed at lifting the South American country out of its worst economic crisis in years.
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By AFP
Buenos Aires -
Argentina's President Alberto Fernandez said Sunday the South American country is in virtual default and compared the situation with the 2001 crisis -- the worst in its recent history.
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By AFP
Washington -
The International Monetary Fund on Thursday approved a delayed loan tranche for Ecuador, releasing nearly $500 million under a three-year aid program.The IMF board gave the go-ahead for a $4.
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By AFP
Washington -
A wave of debt in emerging and developing nations has grown faster and larger than in any period of the last five decades and could end with another crisis, the World Bank warned Thursday.
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By AFP
Buenos Aires -
Argentina's new leftist government announced Tuesday a 30 percent tax on foreign currency purchases and a six-month freeze on public utility prices as part of a raft of measures to boost growth.
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