The purpose of this work is to help them fight against poverty and contribute to the achievement of the Sustainable Development Goals (2015-2030). The World Bank's debt relief work is divided into two ...

A report shows that about four African countries are on the verge of defaulting on their debts in 2025, as AfDB warns that ...

In 1996, a new debt relief initiative for the heavily-indebted poor countries—the HIPC Initiative—was launched by the IMF and the World Bank. 1 The HIPC Initiative was intended to resolve the debt ...

The main contribution of the World Bank to financing for the G20 framework countries is through net transfers, including $50 billion in front-loaded IDA support to be disbursed over 15 months. The IMF ...

Many of the countries most affected by the climate and biodiversity crises are burdened with debt that stalls progress on ...

launched in April 2020 with support from the World Bank and International Monetary Fund (IMF) aims to support the world’s poorest countries in the fight against COVID-19 through the provision of ...

U.S. Bank recently announced a new credit card that offers a market-best introductory 0% APR on balance transfers and ...

Half the world’s population (3.3 billion) lives in countries that allocate more of their budget to pay off the interest on ...

The World Bank’s 2021 report on public-debt transparency in low-income countries anticipated ... Eligibility criteria for the provision of debt relief could include minimum transparency requirements ...

We call on the IMF and World Bank to cancel the debts of African ... trade unions remain firm in their demand, saying that “Debt relief is not charity, it is a necessity for economic justice ...

As of early 2025, several African nations have grappled with substantial external debt, but these solutions are available.

Ghana’s debt situation requires urgent and strategic action. By combining strong diplomacy, economic reforms, and international engagement, Ghana can successfully negotiate debt relief and create a ...