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WASHINGTON (Reuters) - The coronavirus pandemic has worsened debt problems facing 72 low- and middle-income countries and jeopardized $598 billion in debt service payments from 2021 to 2025, including $87 billion this year, the United Nations Development Program reported on Thursday.
Administrator of United Nations Development Programme (UNDP) Achim Steiner, speaks during the presentation of the 2019 UNDP Human Development Report, in Bogota, Colombia December 9, 2019. REUTERS/Luisa Gonzalez
Only 49 of the 72 countries are eligible for debt relief measures adopted by the Group of 20 major economies, UNDP Administrator Achim Steiner told reporters, urging G20 members to quickly expand a moratorium on debt service payments and a common framework for debt treatments beyond the poorest nations.
Of those, only 49 countries are eligible for debt relief measures adopted by the Group of 20 major economies, UNDP Administrator Achim Stein told reporters, calling on G20 members to quickly expand a moratorium on debt service payments and a common framework for debt treatments beyond the poorest nations.
Jaiprakash Power Ventures pre-pays Rs 299.51 crore debt
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Last Updated: Apr 01, 2021, 09:55 PM IST
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The pre-payments were made from proceeds of the sale of the company s 74 per cent stake in Jaypee Powergrid Ltd.
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This is in line with the company s endeavour to continue to reduce its debt, the filing added.
Jaiprakash Power Ventures Ltd (JPVL) on Thursday said it has pre-paid debt worth Rs 299.51 crore. The company, earlier this week, pre-paid its long term loans/ working capital loans amounting to Rs 299.51 crore, according to a BSE filing. The pre-payments were made from proceeds of the sale of the company s 74 per cent stake in Jaypee
Stria Lithium Inc. Announces Amendment to Previously Announced Non-Arm s Length Loan
SR
A), today announced that further to its news release issued March 17, 2021, Stria Lithium has amended the loan referenced in the same March 17, 2021 news release.
The original loan was made on May 25, 2020 in the amount of $500,000 (the Principal ) by way of secured promissory note (the Note ) to a non-arm s length lender. No interest is payable on the Principal and repayment is due on May 25, 2021.
The terms of the loan have been amended to affirm the parties original intention that the loan is an unsecured debt of the Company. The Note was amended to remove any reference to security being granted by the Company to the lender. The Company and the lender intend on converting the debt to shares, subject to the approval of the TSX Venture Exchange, as disclosed on May 17, 2021.
Credit Suisse plans to return more cash this month and recover more assets for investors in supply chain finance funds linked to insolvent finance firm Greensill, the Swiss bank said, aiming to limit damage from risk-management failures.