For the first time in over ten years, no African country is in sovereign debt distress — a hopeful shift for the continent’s financial future.
A refinancing project has been set up to swap The Bahamas’s external commercial debt in favor of nature, thus helping the Caribbean nation to improve ocean conservation and management of its Marine Protected Areas.
As part of its upcoming budget, the Australian government is wiping out $3 billion in student debt for more than three million Australian students who will see their loans scaled back.
The Biden administration has forgiven $39 billion in student loan debt for 804,000 borrowers.
