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Virus-hit Air New Zealand offered US$515 mn bailout

Wellington - Air New Zealand has been offered a NZ$900 million (US$515 million) loan to help the flag carrier survive the coronavirus crisis, the government said Friday.

LendEDU Report: Data reveals average student loan payment

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.

Ukraine should tackle corruption to win new loan: IMF

Washington - Talks with Ukraine on a new loan package are continuing but Kiev will need to address corruption and reduce the power of oligarchs to attract much needed investment, an IMF spokesman said Thursday.

IMF members put off voting change; agree to boost lending capacity

Washington - Global finance ministers agreed Friday to double a key pool of money that the International Monetary Fund can use to aid distressed countries but again put off giving more votes to major emerging economies.

Average U.S. student debt rises to $28,565 per person

LendEDU has published its fourth annual 'Student Loan Debt by School by State Report' that lists the average student debt per borrower figures at nearly 1,000 U.S. colleges and universities throughout the country. This shows a rise in debt rates.

World Bank deploys $300 mn to DR Congo to contain Ebola outbreak

Washington - The World Bank announced Wednesday it was deploying another $300 million in crisis aid for DR Congo to help contain the year-old Ebola outbreak.

World Bank deploys $300 mn to DR Congo to contain Ebola outbreak

Washington - The World Bank announced Wednesday it was deploying another $300 million in crisis aid for DR Congo to help contain the Ebola outbreak.

IMF reaches agreement with Argentina that will release $5.4 bn loan tranche

Washington - The International Monetary Fund on Friday reached an agreement with Argentina that will allow release of the next $5.4 billion disbursement under the loan program intended to help stabilize the South American nation's economy.

IMF approves $6 bn loan for Pakistan

Washington - The International Monetary Fund on Wednesday approved a $6 billion, three-year loan for Pakistan to help right the South Asian nation's economy.

Q&A: Where digital mortgage providers are missing the mark Special

Digital mortgages are becoming a more popular choice for consumers. However, the new startups do not fully understand the lending landscape, according to Karl Jacob, of LoanSnap as he explains to Digital Journal.

Financial data reveals women to be more in debt than men

Men or women: who are fares better with money matters? New data pertaining shows that it’s men. This comes from a survey undertaken by STASH, who produce a consumer investment app. The survey marks financial literacy month.

Trump discusses economic reforms with Argentina's Macri

Washington - US President Donald Trump spoke with Argentina's leader Mauricio Macri on Wednesday and voiced support for the country's economic reforms, the White House said in a statement.

IMF, World Bank urge caution with China loans

Washington - Increased lending by China to developing nations is increasingly under the spotlight amid concerns that growing debt burdens and onerous conditions could sow the seeds of a crisis.

Ecuador due to receive $10 bn in aid: IMF

Washington - Ecuador has agreed to receive $10 billion in financial aid from global development bodies over three years, the International Monetary Fund said Thursday.The IMF said a staff-level agreement had been reached with Quito for $4.

Trump risks revolt with controversial World Bank pick

Washington - US President Donald Trump is due on Wednesday to unveil a controversial candidate to lead the World Bank, a choice that could spark a revolt against US dominance of the institution.

World Bank leading the charge on development finance

Washington - The World Bank, whose new president is due to be appointed by mid-April, is a global financial organization whose mission is to end extreme poverty by supporting development projects.

World Bank leadership search likely to end with US candidate -- again

Washington - The search for a new leader for one of the most high-profile global organizations begins Thursday and seems likely to end again with selection of the US candidate.

World Bank chief's exit could give Trump lever over development lending

Washington - The surprise early departure of World Bank President Jim Yong Kim potentially hands US leader Donald Trump a key lever over development lenders with whom his administration has been at odds.

IMF board approves new Ukraine loan package, releases $1.4 bn immediately

Washington - The International Monetary Fund executive board on Tuesday gave final approval to a new loan package for Ukraine and released $1.4 billion for immediate use.

Argentina's economic program yielding results: IMF

Washington - Argentina's economic program, including tough budget cuts, is yielding results and stabilizing financial markets, an International Monetary Fund spokesman said Thursday.

IMF's Lagarde says likely to approve Ukraine loan after Dec 10

Washington - The International Monetary Fund board will meet to approve a new loan deal for Ukraine "promptly" after December 10, once the country implements key policy steps including raising gas and heating rates, IMF chief Christine Lagarde said Wednesday.

IMF reaches deal with Ukraine on new $4 bn, 14-month loan

Washington - The International Monetary Fund announced Friday it had reached an agreement with Ukraine on economic policies that would unlock a new loan deal that will provide nearly $4 billion.

IMF, Argentina 'close to the finish line' for new loan agreement: Lagarde

Washington - Argentina and the International Monetary Fund are closing in on the end of talks for a new crisis loan agreement, the fund's Managing Director Christine Lagarde said Tuesday.

Argentina budget key element in new crisis loan deal: IMF

Washington - Argentina's budget proposal submitted this week is a key element in the reforms needed for a new loan package for the crisis-hit country, an International Monetary Fund spokesman said Thursday.

IMF greenlights three-year $50 bn Argentina aid program

Washington - The International Monetary Fund on Wednesday formally approved a $50 billion aid package intended to help Argentina confront inflation, budget deficits and a weakening currency.

IMF's Lagarde says ready to assist Argentina

Washington - International Monetary Fund chief Christine Lagarde said Thursday she is ready to aid Argentina and wants talks on a financing package to be finalized quickly.

Argentina minister to meet IMF's Lagarde to request loan

Washington - Argentina Economy Minister Nicolas Dujovne is due to meet Thursday with IMF chief Christine Lagarde to request a financing package to help shore up the struggling economy, officials said Wednesday.

World Bank shareholders approve $13 bln capital increase

Washington - World Bank shareholders approved a "historic" increase in the bank's lending capacity Saturday after the United States backed a reform package that curbs loans and charges more for higher income countries like China.

Stalked by default fears, Venezuela calls creditor meeting

Caracas - Venezuela on Friday called foreign creditors to a November 13 meeting in Caracas aiming to restructure its estimated $150 billion debt, as credit-rating agencies dealt the crisis-stricken country another blow with double downgrades.

Venezuela sets meeting with creditors for November 13: official

Caracas - Venezuela has called its foreign creditors to a meeting November 13 in Caracas in an effort to restructure its estimated at $150 billion debt, Vice President Tareck el Aissami said Friday.
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LEADERS: Greek Prime Minister Alexis Tsipras (left) and Russian President Vladimir Putin shake hands...
LEADERS: Greek Prime Minister Alexis Tsipras (left) and Russian President Vladimir Putin shake hands at the Kremlin in Moscow in April.
Kremlin's Press Service

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