Economic conditions in debt-stricken Sri Lanka improving, IMF says | Debt

Economic conditions in debt-stricken Sri Lanka improving, IMF says | Debt

ByNews Polite

IMF says inflation has dropped from 70 percent, economy expanded in the second half of 2023. The economic situation in debt-stricken Sri Lanka has started to gradually improve following its worst economic crisis two years ago, the International Monetary Fund (IMF) has said. Inflation has come down from a peak…

Fitch Ratings upgrades Qatar to third-highest on back of gas expansion | Oil and Gas News

Fitch Ratings upgrades Qatar to third-highest on back of gas expansion | Oil and Gas News

ByNews Polite

Revenues from Qatar’s LNG fields will provide budget surpluses until the 2030s, Fitch said. Fitch Ratings has upgraded Qatar to AA, its third-highest rating, on the back of revenues expected from its expanded gas fields, the agency has said. Revenues from Qatar’s liquified natural gas (LNG) fields will ensure that…

Biden announces another $5B in student loan forgiveness after Supreme Court defeat
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Biden announces another $5B in student loan forgiveness after Supreme Court defeat

ByNews Polite

WASHINGTON — President Biden said Friday that his administration is forgiving another $5 billion in student loan debt for 74,000 people using existing government programs — continuing his piecemeal approach to write-offs after the Supreme Court last year struck down his sweeping plan to forgive $430 billion in college debt….

New York has fourth-highest household debt in US — and it’s rising
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New York has fourth-highest household debt in US — and it’s rising

ByNews Polite

New York state residents have the fourth highest personal household debt in the country — and the burden is only growing heavier, according to a recent government report. The office of Comptroller Thomas DiNapoli released a report this week indicating that New Yorkers were carrying an average household debt of…