He thanked the creditors for their understanding and sensitivity to the challenges facing Cuba, underlining the importance of the European Union’s support in the negotiation process, with France as the host country. Related: Cuba Rejects the CRF Investment Fund as Its Legitimate Creditor Cuba has reached an agreement on the reordering of its debt following […]

He emphasized debt forgiveness as a key aspect of the Jubilee, a celebration set to take place in 2025. On Wednesday, Pope Francis called on countries with a Christian tradition to cancel or reduce the debts of the world’s poorest nations. He used the occasion of the Angelus prayer for the New Year, which coincides […]

‘The issue of debt is linked to peace and the black market for arms… Let’s work for disarmament’, the Pope said. On Thursday, Pope Francis urged an end to “colonizing peoples with arms” and called for support for an international campaign aimed at forgiving the “unsustainable and unjust” public debts of certain nations. RELATED: Israeli […]

U.S. debt is expected to reach 122.9 percent of GDP by the end of 2024 and 133.7 percent of GDP by 2029. On Wednesday, the International Monetary Fund (IMF) raised concerns about the systematic bias in debt projections made by most governments and called for immediate and decisive action to reduce the excessive global debt, […]

The federal government’s debt has reached yet another psychological threshold amid widespread concerns. According to data released by the U.S. Treasury Department on Monday, the federal government’s total public debt has surpassed US$35 trillion for the first time, as recorded at the end of last week, equivalent to the combined economic output of China, Germany, […]

On Monday, Russian Foreign Affairs Ministry spokeswoman Maria Zakharova denounced that the European Union (EU) approves credits to Ukraine, indebting it even more, despite many Europeans protesting due to the deterioration of the economic situation. RELATED:  Russia Detects Patriot Missile Fragments at Il-76 Crash Site “While European farmers demand assistance, their political leaders draw the […]