Kenya Income

Vocational schools seek to reduce student debt

Yale Daily News University President Peter Salovey announced in an email to the Yale community earlier this month that the university will focus on reducing the amount of debt held by many vocational school students. In her October 14th email, Salovey highlighted the University’s various initiatives to “consolidate” financial aid …

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Free personal finance lessons to get better with money

In times of economic volatility, such as the current downturn from the coronavirus pandemic, many people begin to question whether they are financially prepared and able to manage their money well. Some may figure out how to budget for the first time, especially if they are worried about lose their …

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A debt crisis is not imminent

As countries, businesses and households grapple with the economic fallout from the COVID-19 pandemic, many market watchers are sounding the alarm bells about the rapid rise in global debt. And for good reason: in an acceleration of a trend of several years, the debt-to-GDP ratio of these three groups of …

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The time has come for a new architecture of international debt

Almost 20 years ago, Anne Krueger, then Deputy Managing Director of the IMF, proposed an institutional mechanism for restructuring sovereign debt – a global bankruptcy regime for over-indebted governments. The controversial initiative was a response to a cascade of financial collapses in emerging economies in Asia, Mexico and Argentina. While …

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