Greece Expands Debt Relief Program for Vulnerable Households
Greece announced six measures to improve private debt resolution, including doubling income/asset limits for out-of-court debt settlements and extending the deadline for the primary residence protection program, impacting thousands of vulnerable households and aiming to reduce the €67 billion privat...
Greece Expands Debt Relief Program for Vulnerable Households
Greece announced six measures to improve private debt resolution, including doubling income/asset limits for out-of-court debt settlements and extending the deadline for the primary residence protection program, impacting thousands of vulnerable households and aiming to reduce the €67 billion privat...
Progress
48% Bias Score
Sri Lanka's President Vows to End Economic Crisis Within Five Years
Sri Lanka celebrated its 77th Independence Day on Tuesday, with President Anura Kumara Dissanayake promising to overcome the country's economic crisis, triggered by an $83 billion debt, within five years, after securing a $2.9 billion IMF bailout and completing debt restructuring.
Sri Lanka's President Vows to End Economic Crisis Within Five Years
Sri Lanka celebrated its 77th Independence Day on Tuesday, with President Anura Kumara Dissanayake promising to overcome the country's economic crisis, triggered by an $83 billion debt, within five years, after securing a $2.9 billion IMF bailout and completing debt restructuring.
Progress
36% Bias Score
China Unveils 10 Trillion Yuan Debt Relief Package
China launched a 10 trillion yuan debt-relief package on November 8th to address 14.3 trillion yuan in local government hidden liabilities, aiming to reduce them to 2.3 trillion yuan by 2028 through special bonds and relaxed restrictions on special-purpose bonds, marking a shift towards proactive de...
China Unveils 10 Trillion Yuan Debt Relief Package
China launched a 10 trillion yuan debt-relief package on November 8th to address 14.3 trillion yuan in local government hidden liabilities, aiming to reduce them to 2.3 trillion yuan by 2028 through special bonds and relaxed restrictions on special-purpose bonds, marking a shift towards proactive de...
Progress
48% Bias Score
U.S. Invests $550 Million in Angolan Railway to Counter China's Influence
The U.S. is investing $550 million in a railway project in Angola to transport critical minerals from Congo and Zambia, aiming to counter China's influence and improve supply chains for green technologies; a second phase linking to Tanzania is planned for 2026.
U.S. Invests $550 Million in Angolan Railway to Counter China's Influence
The U.S. is investing $550 million in a railway project in Angola to transport critical minerals from Congo and Zambia, aiming to counter China's influence and improve supply chains for green technologies; a second phase linking to Tanzania is planned for 2026.
Progress
56% Bias Score
Bensons Property Group Averted Liquidation in $811 Million Creditors Deal
Creditors approved a rescue deal for the Australian property developer Bensons Property Group (BPG), accepting half the $811 million they were owed to prevent the company's liquidation. The deal involves a $480 million family investment over three years, safeguarding a $1.5 billion project pipeline ...
Bensons Property Group Averted Liquidation in $811 Million Creditors Deal
Creditors approved a rescue deal for the Australian property developer Bensons Property Group (BPG), accepting half the $811 million they were owed to prevent the company's liquidation. The deal involves a $480 million family investment over three years, safeguarding a $1.5 billion project pipeline ...
Progress
52% Bias Score
Baywa Announces Restructuring Plan to Address Billions in Debt
Baywa, a heavily indebted German conglomerate, is restructuring to address billions in debt accumulated through rapid expansion. The plan includes selling its 48% stake in Raiffeisen Ware Austria for €176 million by end of March 2025 and cutting 1,300 jobs (16% of its German workforce) to achieve fi...
Baywa Announces Restructuring Plan to Address Billions in Debt
Baywa, a heavily indebted German conglomerate, is restructuring to address billions in debt accumulated through rapid expansion. The plan includes selling its 48% stake in Raiffeisen Ware Austria for €176 million by end of March 2025 and cutting 1,300 jobs (16% of its German workforce) to achieve fi...
Progress
40% Bias Score
World Bank Report Exposes Private Creditor Exploitation, $1.4 Trillion Debt Burden for Developing Nations
The World Bank's 2024 International Debt Report reveals that private creditors withdrew $141 billion more from developing nations than they invested since 2022, resulting in a $1.4 trillion debt service burden in 2023, tripling interest rates for the 26 poorest countries and diverting funds from cru...
World Bank Report Exposes Private Creditor Exploitation, $1.4 Trillion Debt Burden for Developing Nations
The World Bank's 2024 International Debt Report reveals that private creditors withdrew $141 billion more from developing nations than they invested since 2022, resulting in a $1.4 trillion debt service burden in 2023, tripling interest rates for the 26 poorest countries and diverting funds from cru...
Progress
52% Bias Score
IMF Releases Funds to Sri Lanka Amidst Economic Recovery
The IMF approves a $333 million disbursement to Sri Lanka as part of a bailout package, signaling economic recovery but highlighting ongoing challenges and the need for debt restructuring.
IMF Releases Funds to Sri Lanka Amidst Economic Recovery
The IMF approves a $333 million disbursement to Sri Lanka as part of a bailout package, signaling economic recovery but highlighting ongoing challenges and the need for debt restructuring.
Progress
24% Bias Score