In a big relief for students in the United States, Joe Biden's Administration will cancel $7.4 billion worth of debt for over 200,000 borrowers. This is the the latest move in a series of debt cancellations the US president is tapping into young voters with ease in debt that he says would benefit over 23 million Americans.

US: Biden's debt relief for students

After his anti-India rhetoric, Maldives President Mohamed Muizzu has struck a reconciliatory tone, saying India will continue to remain his country’s “closest ally” and urged New Delhi to provide debt relief to the archipelago nation.

Maldives seeks debt relief from India after insisting on troop withdrawal

A report by Rhodium Group, on Thursday (June 29) showed that the value of Chinese debt relief dropped by more than 50 per cent between 2021 and 2022. This comes as Beijing, the world’s largest bilateral creditor, has recently backed more multilateral efforts to standardise support for poor nations.

China slows down debt relief, shows support for multilateral approach: Report

IMF member countries have agreed to clear Sudan's arrears to the institution, France`s president said on Monday, removing a final hurdle to the African nation getting wider relief on external debt of at least $50 billion.

Sudan clears final hurdle for debt relief at Paris conference

Imran Khan-led Pakistan government is expected to get another $1 billion relief in loans this year from the G20, reported the Express Tribune. Pakistan’s Economic Affairs Ministry said the relief would be covered under the third phase of the G20’s Debt Service Suspension Initiative.

Cash-strapped 'Naya Pakistan' eyes $1 billion debt relief from G-20

The idea of forgiving debt held by poor countries in exchange for "green" investments gained ground this week during the spring meetings of the IMF and World Bank, with concrete proposals expected in time for a global climate summit this fall.

IMF, World Bank begin push to swap debt relief for green projects

Pakistan Prime Minister Imran Khan on Monday called for equitable distribution of COVID-19 vaccine and debt relief for poor countries to offset the impact of the pandemic.

Pak PM calls for equitable distribution of COVID-19 vaccine and debt relief for poor countries

In her most detailed comments on Macron's vision, Merkel supported the idea of turning the euro zone's ESM rescue fund into a European Monetary Fund (EMF) with powers to give members hit by sovereign debt troubles short-term credit lines

German Chancellor Angela Merkel rules out debt relief for Italy

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