A Fin24 user urgently seeks guidance on how to pay off debt owing to the amount of R82 000. An expert responds with workable solutions.

Educational debt is an important topic in pediatrics. Deciding on a career path is a critical personal decision, shaped by multiple factors. The relationship between educational debt and career choice is unclear.

Educational debt among graduating pediatric residents is high and continues to increase. Higher debt is one factor that may lead residents toward a career in primary care or hospitalist practice, rather than pursuing fellowship training and a subspecialist career. (Read the full article)

A Fin24 reader under debt consolidation is left with less than R3 000 per month, finding it impossible to make ends meet. A finance expert responds.

A Fin24 reader currently under debt wants to know how lockdown will affect his monthly debt repayment order.

Due to markets and festivals closing until the end of June, a Fin24 reader will have no source of income and wants to know if there will be a payment holiday period. A debt expert responds.

Argentina is a case study in what happens when an economy already on its knees implements an aggressive lockdown, says Mac Margolis.

Black Friday, one of the biggest shopping events of the year, can be likened to "pushing kids into a candy store wondering what’s going to happen" says a debt expert.

More and more South Africans are using home loans, personal loans and credit cards to pay off their creditors. So what are the options if you want to consolidate debt?

Attorney General Kathy Jennings has announced that her office’s Consumer Protection Unit has secured an agreement to recover $23,362 in debt relief for 5 former ITT Tech students in Delaware as part of a 43-state multistate settlement. The settlement is with Student CU Connect CUSO, LLC (“CUSO”), which offered deceptive loans to finance students’ tuition […]

Agency: HSS Closing Date: 6/2/2020

NEW CASTLE (May 5, 2020) – On May 1, the Division of Social Services was approved by the United States Department of Agriculture (USDA) to operate Pandemic Electronic Benefit Transfer (P-EBT), a new program authorized by the Families First Coronavirus Response Act that provides assistance to families with children who are eligible for free or reduced-price school meals. The […]

Gold ETFs investors can exit only by selling to secondary market participants on the stock exchange.

As credit risk funds may see redemption pressure because there are no takers for lower-rated paper, investors can opt for liquid and overnight funds.

The daily AUM of such funds stood at Rs 74,709.11 crore in April, compared with `80,377.59 crore in March — declining Rs 5,668.48 crore.

The US 10-year Treasury bond yield fell 0.7 percent in response to the latest report of jobless claims. That comes a week after the Treasury said it would borrow a record $2.99 trillion this quarter, and launch a 20-year bond.
Read Full Article at RT.com

The rating agency cites narrowing possibilities for Russian government and companies to service their debt...

As we learned during the financial crisis, a country with high debt levels can get into trouble regardless of whether its debts are most heavily owed by the govt (Greece, Italy), households (Spain, US), or financial institutions (Ireland, Britain)

India's external debt rises to US$440.6 bn at end March 2014 up by $31.2 billion or 7.6%.

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WebTareas version 2.0p8 suffers from a cross site scripting vulnerability.

Bonds backing clean energy and other sustainable initiatives are booming. Investors are snapping up green bonds at the fastest pace on record, as big banks like Morgan Stanley and Bank of America Corp. pile in with new issuance to feed the growing appetite for socially responsible investments.

JSW Energy Ltd., based in Mumbai, India, is refinancing about US$1.1 billion via a 5:25 financial structure for its hydropower-related debt following the purchase of two hydroelectric projects in November 2014 from Jaiprakash Power Ventures Ltd.  

JSW Energy Ltd., based in Mumbai, India, is refinancing about US$1.1 billion via a 5:25 financial structure for its hydropower-related debt following the purchase of two hydroelectric projects in November 2014 from Jaiprakash Power Ventures Ltd.  

Manitoba Hydro has announced that it will eliminate more than 15% of its workforce while raising rates by at least 10% as the provincial utility's efforts to cut expenditures continue.

Bonds backing clean energy and other sustainable initiatives are booming. Investors are snapping up green bonds at the fastest pace on record, as big banks like Morgan Stanley and Bank of America Corp. pile in with new issuance to feed the growing appetite for socially responsible investments.

This is another important Scottish Sheriff Court case on the competency of an assignation of standard securities (secured charges).  It follows two recent conflicting cases of OneSavings Bank v Burns, where the court found in favour of the borr...

Even in COVID-19 times, companies (and their directors) should not unnecessarily jeopardise the rights of their creditors and the continuity of their activities. Think about paying dividends, and making unnecessary costs, despite the financial probl...

The stay on debt collection proceedings will end on 22 April 2020. The Federal government adopted emergency law on 16 April 2020, in order to prevent coronavirus-related bankruptcies and the resulting job losses. The “COVID-19 Insolvency Ordin...

A close look at the evidence suggests that China has not been engaged in “debt-trap diplomacy” in the Pacific, at least not so far. Nonetheless, if future Chinese lending continues on a business-as-usual basis, serious problems of debt sustainability will arise, and concerns about quality and corruption are valid. By Jonathan Pryke HONOLULU (March 2, 2020)—In an atmosphere of heightened geostrategic competition, China’s Belt and Road Initiative (BRI) has raised questions about the risk of debt problems in less-developed countries. Such risks are especially worrying for the small and fragile economies of the Pacific.

This is a summary only. Click the title for the full article, or visit www.EastWestCenter.org/Research-Wire for more.

“Can N40 billion be stolen when it did not exist? Is the payment of staff salaries and benefits, an act of corruption?" an official argues.

The post Alleged Fraud: We spent N22 bn on ‘salaries, services, debts’ — NDDC appeared first on Premium Times Nigeria.

The household debt balance has rapidly increased to approach 1,400 trillion won (US$1.24 trillion) as of the end of June this year. It is estimated the balance may have surpassed the 1,400-trillion-won level by mid-August. As the amount of household debt reaches 90 percent of the gross domestic products (1,637 trillion won at the end of last year), economists began warning the high debt level may pose an obstacle to further growth.According to the Bank of Korea on August 23, the balance of house...

  Pursuant to Article 3:246 paragraph 1 of the Dutch Civil Code (DCC) pledgees have the power to enforce their right of pledge on receivables by claiming (direct) payment of the receivable. This power also includes the right to enforce rights o...

Key Points A disposition by a receiver, whether appointed by the court or under a fixed charge, is not a disposition by a mortgagor for the purposes of s284 Insolvency Act 1986 (“IA”). The wider implications of the decision may be to lim...

In light of the recent market events, the trading prices of many loans have fallen dramatically. As a result, companies (or their private equity sponsors) may consider utilising the debt buy-back mechanics in their credit agreements. A debt buy-back...

On April 17, the Alberto Ángel Fernández administration in Argentina officially unveiled its offer for debt restructuring on USD 66 billion foreign currency-denominated bonds. Starting on that date, the offer is valid for 20 days, a period during which difficult negotiations with bondholders are expected to take place. Based on the first reactions from some […]

The post Argentina’s Debt Restructuring “Groundhog Day”… or Maybe Not? Three Key Points appeared first on Inter Press Service.

A more equitable and fair society, able to conquer the effects of pandemics, starts with debt-free education and skills development

The post Young people need a bailout: Cancel student debt held by national banks appeared first on The Mail & Guardian.

Legal proceedings have been launched in Switzerland against Britain’s Prince Andrew and his ex-wife Sarah, a newspaper reported on Thursday, over money they were said to still owe on a luxury chalet.Queen Elizabeth’s second son and Sarah, who remain close despite their 1996 divorce, bought the plush holiday home in the Verbier ski resort in southwest Switzerland in 2014 for 22 million Swiss francs (US$21.7 million).The wooden chalet has seven bedrooms, an indoor swimming pool and a sauna, Le…

The world’s poorer nations, reeling under an unrelenting attack on their fragile economies by the COVID-19 pandemic, have suffered an equally deadly body blow: being buried under heavy debt burdens. Abiy Ahmed, prime minister of Ethiopia who was awarded the Nobel Peace Prize in 2019, said last week that in 2019, 64 countries, nearly half […]

The post World’s Poor Hit by Double Jeopardy: a Deadly Virus & a Devastating Debt Burden appeared first on Inter Press Service.

A high level of external debt is linked with decreased economic growth but there are policy options that can help economies keep growing.

Asia’s economies have generally maintained sound macroeconomic policies that can help the region withstand this latest challenge and emerge even stronger.

Bank-held nonperforming loans in some Asian economies have risen in recent years. Policy makers should address this growing risk now.

The pandemic provides an opportunity for regional financial cooperation on reforms to make Asian banks more resilient to crises.

WASHINGTON: Some debts were not sustainable and needed to be restructured, re-profiled or written off, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said in an interview recorded earlier this week.

In this interview to ITV News, Ms Georgieva also urged governments to spend more money on health workers to protect the most vulnerable.

“There is a possibility that in some cases debt simply is not sustainable and therefore some action has to be taken either to re-profile or restructure or in some cases write off this debt,” she said.

Although G20 countries have promised some debt relief, a transcript of the interview, released by the IMF headquarters in Washington, indicated that Ms Georgieva believed the crisis required them to go further.

Imran has argued that heavy debt burdens are preventing countries from focusing on the challenge of saving people from pandemic as well as hunger

Last month, Prime Minister Imran Khan appealed to the leaders of rich countries, the UN secretary general and heads of financial institutions to give debt relief to developing countries like Pakistan so that they could combat the deadly Covid-19 in a better way.

The prime minister argued that heavy debt burdens were preventing some countries from focusing on the real challenge of saving their people from the deadly pandemic and hunger that extended lockdowns would trigger.

The IMF chief, while acknowledging the need to restructuring loans, also said the first priority was to combat the disease that has already killed hundreds of thousands and infected several millions across the globe.

“The only thing we ask countries is please spend more money for your doctors and nurses — and please, please use the money to protect the most vulnerable,” she said.

The interviewer, Julie Etchingham, noted that loans usually came with conditions — such as tightening public spending — that were difficult to implement during the Covid-19 crisis.

Ms Georgieva said she was aware of the risks ahead for the IMF. “We are looking to the transparency and accountability in countries. They themselves are coming up with commitments to audit the use of the funds we provide, but there are no strings attached,” she said.

The IMF chief said that more than 100 countries had reached out to them for help to fight the pandemic and 50+ requests were swiftly approved for a total of about $18 billion.

Asked to assess the scale of the crisis facing the global economy, Ms Georgieva did not mince her words. “It is the worst crisis since the Great Depression. But it is more than that because it is a combination of a health crisis and an economic shock,” she said. “And it is truly global.”

The IMF now has about $1 trillion dollars lending capacity — four times more than in the last financial crisis.

The IMF approved $1.386 billion of assistance for Pakistan under the Rapid Financing Instrument to address the economic impact of the Covid-19 shock.

Published in Dawn, May 9th, 2020

Could President Trump refuse to pay back the $1.1 trln the U.S. owes to China? While markets would hate the idea, it’s theoretically possible thanks to broad powers designed for times of emergency. John Foley explains how this dangerous weapon could be used if push came to shove.

South Africa's central bank has temporarily prohibited the use of debt issued by the Land Bank as collateral after the state agricultural lender was downgraded deeper into junk status and missed $2.7 billion in loan repayments.

[Having appointment with real estate experts #5] While buying a home is quite easy for high-income households, it is another story for the middle-class. With a wise and specific financial plan, the chances of owning a home can still lie within reach even if an average income.

Mark Lawson and Dan Milmo discuss the sustainability of the streaming service. Plus: Lara Spirit on why you should register to vote before Tuesday’s deadline

Netflix has risen from obscurity to be one of the most powerful media companies in the world with more than 150 million global subscribers. It has launched critically acclaimed hits such as House of Cards, The Crown and Unbelievable, as well as showcasing the back catalogues of popular television series. But as part of its rapid growth, the company has racked up huge debts.

Joining Anushka Asthana to discuss the long-term sustainability of Netflix are the TV critic Mark Lawson and the Guardian’s deputy business editor Dan Milmo.