Debt relief articles
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World Bank official calls for shake-up of G20 debt relief scheme
Chief economist says common framework has failed to provide any new money to world’s poorest countries since it was set up in 2020The mechanism for providing debt relief to the world’s poorest countries is failing to produce results and requires a major rethink, a senior official at the World Bank has said.Indermit Gill, the bank’s chief economist, said that after four years the G20’s common framework – designed to speed up and simplify debt restructuring – had not provided a single dollar of...
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Finance Ministry: Government cuts will offer economic relief, but won't solve debt problems
While Finland is expected to emerge from a recession later this year, according to the ministry's forecast, positive GDP growth will only occur next year.
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Letters to the Editor: Of course the GOP opposes student debt relief. Educated voters aren't good for it
To the editor: Columnist Michael Hiltzik asks a question on student loan debt relief that is fundamental to the direction of this country and should dominate economic policy in the 2024 election. ("Are Republicans who got pandemic debt relief hypocrites for complaining about student debt relief? Yes," column, April 16) For far too long, Republicans have maligned any form of student debt relief under the guise that it cost the taxpayers in order to fund "worthless gender studies degrees." They...