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Jul 14 2021

Government debt relief programs-Government debt relief programs

Government debt relief programs Government debt relief programs Top news Government debt relief programs Philippine disaster relief comes with a catch: more debt Analysis: What’s the role of loans in helping poor countries recover from disasters? After Typhoon Haiyan devastated the Philippines late last year, many news outlets reported that hundreds of millions of dollars had been pledged by foreign governments and banks to help the country rebuild. But there was a less-reported catch: The storm-battered country would to have to pay back much of that money — at least $1 billion. Loans like those made to the Philippines have …

Jun 16 2021

Government debt relief programs-Government debt relief programs

Government debt relief programs Government debt relief programs Latest news headlines Government debt relief programs Debt Relief for 39 Countries on Track to Reach US$114 billion The World Bank and IMF are helping poor countries get out of debt. Story Highlights Two debt-relief initiatives organized by the World Bank and International Monetary Fund – the Heavily Indebted Poor Countries (HIPC) initiative and the Multilateral Debt Relief Initiative (MDRI) – are continuing to help poor countries fight poverty. The programs have relieved 36 participating countries of $96 billion in debt since 1996, freeing up their governments to spend money on poverty …