Archive for the ‘Personal Loans’ Category

European Central Bank keeps low benchmark interest rate

Linda Young – AHN News Writer London, United Kingdom (AHN) – The European Central Bank chose to leave its key interest rate unchanged at 1 percent over concerns about the lingering sovereign debt crisis. ECB officials held their monthly meeting a day early because of the Easter holiday and chose not to roll back the [...]

In land of no loans, consumer debt mounts

The Media Line Staff Riyadh, Saudi Arabia (The Media Line) – When Reem Muhammad sought a personal loan to pay off some lingering debts, a Saudi bank offered 100,000 riyals ($26,667). The price tag? Repayment of the loan, plus 33,000 riyals. “I took the loan and repaid it, but I never knew what the 33,000 [...]

While White House Emphasizes Easing Student Debt Burden, Fed Contractors Play Hardball with debtors

ProPublica Staff Washington, DC, United States (ProPublica) – by Marian Wang It was with some fanfare that the Obama administration announced last fall that it was ramping up a program to help students with federal loans reduce their monthly payments. Under the program, payments are adjusted based on how much students earn — what’s known [...]

Landmines hurting farmers’ livelihoods in Democratic Republic of Congo

Kabalo, Dr Congo (IRIN) – Landmines planted about a decade ago in parts of Kabalo territory in the Democratic Republic of Congo’s (DRC) southeastern Katanga Province are adversely affecting farming livelihoods, and an important World Food Program (WFP) project. “In our area, there are villages where we get much harvest but the road leading to [...]

Will pressure make Chinese aid more transparent?

London (IRIN) – Critics have long characterized China as a secretive donor in economically poor but resource-rich countries, funding infrastructure construction in an unspoken bid for business deals and access to natural wealth and land. While China disburses aid with a scant paper trail, analysts say strong-arming its government to boost transparency – and aid [...]

Obama nominates health care expert to head World Bank

Linda Young – AHN News Writer Washington, DC, United States (AHN) – President Barack Obama on Friday nominated Dartmouth College President Jim Yong Kim to head the World Bank. Kim is a public health expert and advocate. He was an unexpected choice to lead the global financial institution and was not among the names publicly [...]

Microfinance – possibilities and limitations

London, United Kingdom (IRIN) – The scope of microfinance to lift poor people out of poverty and provide mechanisms of empowerment is being challenged as questions are raised about the supporting evidence. In a discussion hosted by the UK’s Overseas Development Institute (ODI), the academic evidence was concluded to be unclear, unreliable and inconclusive. “[There [...]

European Central Bank leaves key interest rate unchanged

Linda Young – AHN News Writer London, United Kingdom (AHN) – European Central Bank (ECB) officials left the benchmark interest rate of 1 percent unchanged. The bank has not changed the rate since November. The ECB has provided European banks with hundreds of billions of dollars worth of loan-interest loans in an effort to keep [...]

Thousands of refugees miss out on UNHCR living allowance

Cairo, Egypt (IRIN) – Thousands of registered refugees in Cairo are no longer receiving a monthly US$33-66 per person living allowance from the UN Refugee Agency (UNHCR) after Caritas, one of UNHCR’s service providers in Egypt, closed its office on 7 February. Caritas, which assists UNHCR with the payment of allowances and health services, was [...]

Dubai is back – or not

The Media Line Staff Dubai, United Arab Emirates David Rosenberg (The Medi – Is Dubai back? That’s the question economists and government officials ask about once every six months, only to be disappointed. But this time, at least, the stock market seems to be answering yes. Dubai’s shares have rallied 30 percent so far this [...]

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