Tag: debt relief
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IMF’s $70B Lifeline for Sub-Saharan Africa during COVID-19
The International Monetary Fund (IMF) committed substantial financial support to Sub-Saharan Africa as the COVID-19 pandemic disrupted economies, currencies, and public health systems. According to Abebe Aemro Selassie, Director of the IMF’s African Department, the fund mobilized close to $70 billion in financial assistance to help the region weather the crisis. The figure reflects a…
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How North Carolina erased medical debt for 2.5 million people
North Carolina’s bold healthcare-finance experiment In a move that stunned many households across the state, North Carolina announced a sweeping debt-relief program aimed at erasing medical debt for millions of residents. The plan, funded by a combination of state dollars, federal support, and community partnerships, touched roughly 2.5 million people—ranging from families carrying high-deductible plans…
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How North Carolina Erased Medical Debt for 2.5 Million People
How a Bold State Plan Rewrote the Debt Narrative On a routine mailbox day, Dawn Daly-Mack’s life took an unexpected turn when a letter arrived with life-changing news: a medical bill had finally been paid. The 60-year-old resident of Gaston, North Carolina, is one of the millions of people who felt the impact of a…
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Trump Proposes 10% Cap on Credit Card Interest to Boost Affordability
Overview of the Proposal Former President Donald Trump has renewed his push to make consumer debt more affordable by proposing a one-year ceiling on credit card interest rates. In a post on Truth Social, Trump argued that Americans are being “ripped off” by high credit card costs and urged lawmakers to implement a temporary 10%…
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PM Abiy Calls on G20 to Strengthen Africa Compact and Donor Support
Addis Ababa Prepares for Global Financial Push In a high-stakes appeal to the G20, Ethiopian Prime Minister Abiy Ahmed called for concrete steps to strengthen the Compact with Africa (CWA) and its Multi-Donor Trust Fund. Speaking in Addis Ababa, he urged leaders to expand financial guarantees, accelerate debt-relief initiatives, and champion Africa’s broader regional integration.…
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PM Abiy Urges G20 to Strengthen Compact with Africa MDTF and Accelerate Debt Relief
Abiy’s Call for a Stronger Compact with Africa Ethiopia’s Prime Minister has urged the G20 to take concrete actions to bolster the Compact with Africa (CWA) Multi-Donor Trust Fund (MDTF). In recent remarks, the prime minister emphasized that a stronger fund is essential for advancing Africa’s development agenda, enabling more robust financial guarantees and facilitating…
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Abiy Urges G20 to Strengthen Compact with Africa Multi-Donor Trust Fund and Push Continental Integration
Abiy Calls on G20 to Strengthen the Compact with Africa Multi-Donor Trust Fund In a high-stakes appeal from Addis Ababa, Prime Minister Abiy Ahmed urged the G20 to take decisive steps to reinforce the Compact with Africa (CwA) Multi-Donor Trust Fund. The appeal, delivered at a regional forum, underscores a broader push to expand financial…
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Should You Pursue Credit Card Debt Relief This November? Experts Weigh In
Overview: Why November Is a Critical Time for Credit Card Debt American households are contending with record-high credit card debt, now exceeding $1.21 trillion. With inflation lingering and interest rates fluctuating, many borrowers face mounting minimum payments and tighter budgets. November—a month packed with holiday spending, end-of-year bills, and annual financial planning—often becomes a turning…