Chad has officially requested a debt restructuring, the first country to do so under a new common framework hammered out last year by China and other Group of 20 countries with the help of the Paris Club, the International Monetary Fund said on Wednesday.
Govt omits key data from debt report
Finance ministry says it has shared more information than required under law
ISLAMABAD:
The government has omitted critical information from its second debt policy statement that it was bound to share with the national assembly, compromising transparency and undermining the spirit of an act of the parliament.
The Ministry of Finance has submitted the Debt Policy Statement 2020-21 - covering the second year of the incumbent government, in the national assembly aimed at complying with requirements of the Fiscal Responsibility and Debt Limitation Act of 2005. However, some very critical pieces of information given in the 2019-20 report were missing from the new statement, including the status of compliance with the FRDL Act of 2005, showed the report that the Ministry of Finance uploaded on its website on Friday night.
Granny pays off 20m yuan debt in 10 years chinadaily.com.cn | Updated: 2021-02-07 14:49 Share CLOSE A screenshot of Taobao in 2017 shows the ad to help Chen Jinying sell down coats. It says: Buy a down coat to help granny integrity to fulfil her dream.
A 90-year-old woman went back to her hometown in Jinhua, East China s Zhejiang province, on Friday and paid off her last debt of 70,000 yuan ($10,822) to her nephew. You have lent me money for so many years. Now I have the money to pay you back, she said. I m so happy this year.
In the past 10 years, Chen Jinying, nicknamed granny integrity for striving to pay off her debt, has returned a total of 20.77 million yuan to her borrowers, local media reported.
»Best Credit Cards For Gadget Shopping: Amazon Pay ICICI Bank Card, Flipkart Axis Bank Card And More
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Best Credit Cards For Gadget Shopping: Amazon Pay ICICI Bank Card, Flipkart Axis Bank Card And More
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Credit Suisse turned blind eye as top banker stole from billionaire clients
6 Feb, 2021 10:00 PM
4 minutes to read
Credit Suisse has long maintained that Patrice Lescaudron was a highly successful rogue operator who worked tirelessly to hide his illegal activity from superiors and colleagues. Photo / 123RF
Credit Suisse has long maintained that Patrice Lescaudron was a highly successful rogue operator who worked tirelessly to hide his illegal activity from superiors and colleagues. Photo / 123RF
Financial Times
By: Sam Jones
Credit Suisse ignored brazen compliance violations by one of its top bankers for years, as he stole from billionaire clients and flouted anti-money laundering directives, a leaked regulatory report reveals.