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Amidst Covid-19 Spread, IMF and World Bank Signal Debt Relief for Poor Countries Amidst Covid-19 Spread, IMF and World Bank Signal Debt Relief for Poor Countries March 24, 2020 Developing Countries Demand Debt Payments Stop Washington, DC -  On Monday the heads of the IMF and World Bank stated support for debt relief for very poor countries as the coronavirus spreads. African Finance Ministers called for suspension of debt payments to free up $44 billion to fight Covid-19. Ecuador's Congress also demanded its government stop paying debt. "Countries need to prioritize fighting Covid-19 and b...

The Tablet February 3, 2021 WINDSOR TERRACE — Catholic environmental advocates applauded President Joe Biden’s decision to revoke the Keystone XL pipeline permit as a positive step towards a greener economy, but question if the decision was short-sighted with no job alternatives in place. “I’m always concerned every time people are losing jobs. It’s not humane to close things down and leave people unemployed,” said Angélica Gonzalez Apple, the Global Catholic Climate Movement North America program manager. “It’s an important point to talk about where we need to address...

* Creditors to begin talks soon - IMF * Chad’s total debt exposure around $3 billion * (Adds IMF comment on talks starting, debt data) WASHINGTON, Jan 27 (Reuters) - 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. An IMF official said official creditors would soon begin discussions on what will be the first test of the new framework and whether China, the world’s biggest official cred...

Catholic environmental advocates applaud President Joe Biden’s decision to revoke the Keystone XL pipeline permit as a positive step towards a greener economy, but question if the decision was short sighted with no job alternatives in place.

4 Min Read WASHINGTON (Reuters) - Chad has officially requested a debt restructuring, the first country to do so under a new common framework agreed by Group of 20 major economies last year, the International Monetary Fund said on Wednesday. Chad's President Idriss Deby attends a working session of the G5 Sahel summit in Nouakchott, Mauritania June 30, 2020. Ludovic Marin /Pool via REUTERS The IMF said its staff had completed talks with Chad on a new medium-term financing program worth about $560 million under its Extended Credit Facility and the Extended Fund Facility. The deal must still be...