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Fighting in Ethiopia, end of ceasefire in Western Sahara and updates on debt relief

Fighting continues in Ethiopia’s Tigray region Fighting continued this week in Ethiopia’s Tigray region, following on from a conflict that began earlier this month. On Sunday November 15, Chief of…

Takeda secures $ 2.2 billion deal for its OTC unit as debt relief campaign comes to an end – Endpoints News

In a big step towards its $ 10 billion divestiture target, Takeda has reached a deal to sell its Japanese consumer healthcare business, known for its over-the-counter products, to US…

New TIAA and Savi Solution Offers Significant Student Debt Relief

NEW YORK–(COMMERCIAL THREAD) – TIAA, a leading financial services provider, announced today that it is working with social impact tech startup Savi to make it easier for nonprofits to deliver…

G-20 agrees on increased debt relief for developing countries

Newfrom Japan Economy November 14, 2020 Tokyo, November 13 (Jiji Press) – Finance ministers and central bank chiefs of the Group of 20 advanced and emerging economies agreed in a…

China fully engaged in G20 debt relief plans

Vice Minister of Finance Zou Jiayi. (Photo / bundsummit.org) Measures to ease the burden on poor countries and boost sustainable development China is implementing debt relief plans promoted by the…

No free ride: World Bank urges all creditors to support debt relief | Business and Economy

The President of the World Bank said that commercial creditors could not “take advantage” of the suspension of debt payments by bilateral creditors. Trade creditors must support debt relief for…

Pakistan welcomes G-20 decision to suspend debt service for 76 countries – Journal

ISLAMABAD: Pakistan on Thursday welcomed the G-20’s decision to suspend debt service to 76 developing countries, saying it would have a substantial impact on economies reeling from the Covid-19 pandemic.…

The G20 “Common framework for the treatment of debt beyond the DSSI”: is it doomed to failure?

The G20 recently announcement the agreement in principle of a “Common framework for the treatment of debt beyond the Debt Service Suspension Initiative (DSSI) ”. The framework aims to solve…

Africa needs debt relief to fight COVID-19

After a slow start, COVID-19 has spread increasingly rapidly across Africa, with more than 7,000 confirmed cases and 294 deaths in 45 countries and two territories as of April 7.…

IMF grants immediate debt relief to 25 poor countries to fight Covid-19

The The International Monetary Fund announced Monday that it has approved immediate debt relief for 25 poor countries to help them free up funds to fight the coronavirus pandemic. “This…