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Debt relief

July 2024

  • Fishing vessels damaged by Hurricane Beryl at the Bridgetown Fisheries in Barbados in July 2024.

    Opinion
    ‘Smarter money’ is the key that will unlock the promise of Africa and the Caribbean

    Kenneth Mohammed
    Regions’ vast potential is being blocked by the need for better investments, key partnerships and reforms to global finance
  • People hold signs that say 'world bank debt trap' and people over profit'.

    Developing countries face worst debt crisis in history, study shows

    Spending on health and education being cut as nearly half of budgets are used to pay creditors, campaigners say
  • The two men smile and shake hands warmly

    UK urged to protect Ukraine from legal action over private debt default

    Kyiv shouldn’t have to fight ‘shameless bondholders’ as repayment deadline nears, say campaigners

June 2024

  • Stationary engineless boats lie idle on a dry inland lake in Africa

    Debt payments by countries most vulnerable to climate crisis soar

    Exclusive: level at highest in more than 30 years, say campaigners, who want ‘rapid and effective’ relief scheme

April 2024

  • A woman sits by the fireplace at meal time in a shanty in Colombo, Sri Lanka

    Break the cycle of debt and dependency that stunts developing countries’ growth

  • Delegates from various countries sit at a circular desk as one of the speakers is shown on a large screen

    World Bank official calls for shake-up of G20 debt relief scheme

  • a woman carries water back to her village

    Covid pandemic made poorest countries even worse off, World Bank warns

  • Larry Elliott

    Economics viewpoint
    At last G20 is showing how to finance an assault on poverty

    Larry Elliott

March 2024

  • Women browse fabrics in a street market in Mogadishu, Somalia, 12 December 2023.

    Somalia has 99% of $2bn debt cancelled in major boost to fragile recovery

  • ‘Expansive relief will not be delivered if the administration fails to learn the lessons from round one of the cancellation battle: speed and conviction matter.’

    The Biden administration has a chance to deliver student debt relief. It must act

    Astra Taylor and Eleni Schirmer

February 2024

  • People line up outside a bakery in Khartoum, Sudan

    China needs to do more on ‘silent crisis’ of debt, says World Bank official

    Beijing must be more ready to support countries facing distress, says deputy chief economist

January 2024

  • A woman cries as she speaks

    Majority of debtors to US hospitals now people with health insurance

    Analysts say a ‘sea change’ occurred in the American healthcare system from when only a tenth of debt came from the insured

December 2023

  • A grocer counts her money at her stall, with tomatoes and plantain in the foreground and a red fabric shelter in the rear.

    Somalia has reached its debt relief milestone. Now the real work begins

    Dr Hassan Sheikh Mohamud, president of Somalia
  • An older white man with white hair, glasses and a clean-shaven face, wearing a suit with no tie, leans on what may be a heater alongside a high-rise window and in front of a big green plant, his fingers interlaced in his lap.

    Why this ex-collections agent wants to forgive US veterans’ medical debt

November 2023

  • Young boys pull containers of water as they return to their huts from a well in Samburu East, Kenya.

    New push for debt relief to help developing world fund climate action

  • An undated photo of Casey McIntyre at the beach, one of her favorite places to visit.

    Dying woman’s last wish: to pay off others’ medical debt – $15m worth

October 2023

  • Andrew Mitchell at the meeting of the International Monetary Fund and the World Bank.

    UK needs to rebuild global development reputation, admits Andrew Mitchell

  • Larry Elliott

    Economics viewpoint
    Rich nations, the IMF and World Bank are worried about the Israel-Hamas war, but not nearly enough

    Larry Elliott
  • Banga speaking at a press conference at the Bank’s annual meeting in Marrakech

    Severe debt burdens thwarting progress on climate and poverty, says World Bank

  • Managing Director of the IMF, Kristalina Georgieva, behind a globe made of art glass in her office in Washington DC.

    ‘It’s not done’: IMF head warns of costs in finally overcoming inflation

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