‘$300m loan moderately unsatisfactory’
March 17, 2021
ISLAMABAD: The Independent Evaluation Group (IEG) of the World Bank has declared $300 million programme loan for Pakistan under Finance for Growth as moderately unsatisfactory mainly because of political risks and macroeconomic instability.
The WB s IEG report states that the programme development objective of Pakistan Finance for Growth Development Policy Credit was to support the government s efforts to promote an inclusive and transparent financial sector that was able to better intermediate resources including for long-term finance. The IEG in its detailed evaluation report stated that the outcome of the programme is assessed as “moderately unsatisfactory”.
The programme objective was highly relevant to the development priorities of Pakistan and highly aligned with the country partnership strategy of the Bank Group: part of a larger set of macroeconomic reforms, the operation was directed at addressing low savi
Buy now, pay later for elective surgery sparks warnings of financial risk
updated 4
MarMarch 2021 at 1:14am
Consumer groups are warning patients to be fully aware of what they re getting into financially before surgery.
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Elective surgery patients will have the option to delay payments for procedures worth tens of thousands of dollars, as the buy now, pay later industry enters the private health system for the first time in Australia.
Key points:
Patients will be able to borrow up to $10,000 to fund surgery
But financial counsellors are warning of risks
St John of God Health Care s hospitals at Murdoch and Mt Lawley in Perth and St John of God Berwick Hospital in south-east Melbourne are starting a six-month trial with credit lender Openpay.
S&P Affirms US Debt Rating At AA+
03/16/21 AT 6:16 PM
S&P Global Ratings on Tuesday affirmed the grade on US government debt at AA+ and said it expects a rapid recovery of the pandemic-damaged economy.
With unprecedented fiscal and monetary stimulus including a massive $1.9 trillion package approved last week S&P said it expects rapid economic growth this year and next as the pandemic recedes.
S&P said the outlook on US debt is stable as negative and positive factors are expected to be balanced over the next three years. S&P said it expects a rapid US recovery with the help of the massive stimulus programs approved by Congress Photo: AFP / OLIVIER DOULIERY
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ATHENS (Reuters) - Greece raised 2.5 billion euros on Wednesday from its first 30-year bond sale in more than a decade, with an issue that was more than 10 times oversubscribed, the public debt management agency said.
The bond drew investor demand of more than 26.1 billion euros. It was priced at 150 basis points over the mid-swap level, resulting a yield of about 1.93%, the highest among euro zone countries in that maturity.
Greece last issued a 30-year bond in 2008, a year before the start of a debt crisis that threatened to tip it out of the European Union’s single currency. After regaining market access in 2017, it has gradually been issuing longer-dated bonds, venturing out to a 15-year maturity last year.
DGAP-News: Travelex Issuerco 2 Plc: Admission of Additional Debt Securities to Listing
vom 17.03.2021, 17:20 Uhr
Bild: pixabay.com
Travelex Issuerco 2 Plc: Admission of Additional Debt Securities to Listing
17.03.2021 / 17:20
Travelex Issuerco 2 Plc
Travelex Issuerco 2 Plc
17 March 2021
Travelex announces admission of additional debt securities to listing and trading on the Vienna MTF
Travelex is pleased to announce that the additional new money notes which were issued as part of the £20 million fundraising that concluded on 26 February 2021 (the
Additional New Money Notes ) were admitted to trading on the Vienna MTF (as operated by the Vienna Stock Exchange) on 16 March 2021. The Additional New Money Notes have a face value amount of £22.6 million.