debt

Impact of high debt levels on least developed countries ‘cannot be overstated’, says UN 

The impact of high levels of debt on development efforts “cannot be overstated”, the head of the United Nations Development Fund (UNDP) told a Ministerial Breakfast Meeting on least developed countries (LDCs) on Saturday.

Should East African countries worry about rising debt?

Although debt levels in East African countries have risen over the past five years, they remain manageable, according to a recent UN report.

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UN and Africa: focus on Lake Chad region, Africa development and illegal fishing

Boko Haram crisis has “devastated” Lake Chad region’s economy

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Cost of keeping HIV-sufferers alive putting countries in debt

The cost of keeping those suffering from HIV alive is putting some countries, most notably in Africa, in insurmountable debt.

Far more people with HIV are now living longer, thanks to new antiretroviral drug treatments.

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UN rights expert urges Jersey to curb vulture funds’ ability to sue poor countries

A United Nations human rights expert today urged Jersey to enact laws to restrict the ability of so-called “vulture funds” to use the British crown dependency’s courts to sue heavily indebted poor countries.

Populism not the answer to European debt crisis, Slovakia tells Assembly

Nationalist or populist policies are not the answer to the debt crisis engulfing many European countries, Slovakia’s Prime Minister told the United Nations today, urging governments on the continent to ensure their actions do not jeopardize the cause of greater European integration.

UN expert lauds UK limits on vulture funds that prey on poor nations’ debt

A United Nations human rights expert today welcomed the United Kingdom’s decision to limit lawsuits from so-called vulture funds that prey on the debts of the world’s poorest nations, and asked that the initiative be extended to cover the country’s overseas territories and dependencies.

UN human rights expert welcomes British law to stop predatory financial funds

A United Nations human rights expert on foreign debt today welcomed a landmark debt relief law in the United Kingdom which limits the ability of so-called “vulture funds” to sue the world’s poorest countries in British courts for repayment of debts, saying they could have ramifications for a recent court verdict involving Liberia.

UN expert urges countries to acknowledge shared responsibility for debt relief

An independent United Nations expert today stressed the need for creditor and debtor nations to work closely and openly to promote responsible financing and ensure the fair and transparent management of foreign debt.

Experts say African debt relief is important funding for development - UN

Experts gathered in Dakar, Senegal, have concluded that the international community's financing of African debt relief is an important way of funding the Millennium Development Goals (MDGs) designed to eliminate extreme poverty by 2015, the United Nations Economic Commission for Africa (ECA) said today.