Tag Archives: debt relief

  To act on climate change, the gap between their short-term debt and long-term investment must be closed COMMENT | ISHAC DIWAN & VERA SONGWE | If developing economies found it hard to manage their debts in 2023, they are likely to face even more formidable challenges this year. Though most …

UN seeks help for developing world hit by rising debt costs United Nations | Xinhua | Fifty-four developing economies accounting for more than half of the world’s poorest people need urgent debt relief as a result of “cascading global crises,” the UN Development Program said Tuesday. It warned of the risks …

Climate finance is essential in the fight against climate change Nairobi, Kenya | Xinhua | The international community should honor financial pledges to support climate adaptation in Africa alongside debt relief as a means to secure a green and inclusive future for the continent, campaigners said on Tuesday. Speaking on the …

Washington, United States | AFP | 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. “This provides grants to our poorest and most vulnerable members to cover their IMF debt obligations for an initial phase over the next six …