The Supreme Court’s decision has significant implications for millions of student borrowers who were hoping for debt relief from the Biden administration. The decision effectively ends any possibility of widespread student loan forgiveness through executive action unless Congress passes new legislation or amends the HEROES Act. The decision also has political ramifications for Biden and his party, who had campaigned […]
In a landmark decision, the U.S. Supreme Court has blocked President Joe Biden’s plan to forgive up to $20,000 in federal student loan debt for eligible borrowers. The ruling, which was issued on June 30, 2023, denies relief to about 40 million Americans who collectively owe nearly $1.7 trillion in student loans. The Legal Challenge The court’s decision was based […]
The Caribbean Development Bank has approved a US$5-million loan for the Belize Agriculture Project. The loan was approved by the bank’s board of directors last month. The project aims to increase small farmers’ agricultural productivity and adaptability in rural Belize. It will see 70 kilometers worth of agricultural and rural roads rehabilitated and newly installed irrigation and drainage systems to […]
Barbados Prime Minister Mia Mottley has touted the debt restructuring program which Barbados has undertaken by declaring that it has saved the country in many ways. The Prime Minister made the remarks while addressing members of staff and students of the University of the West Indies, Cave Hill Campus. She noted that the debt restructuring program has been challenging for […]
The Inter-American Development Bank (IDB) has granted $285 million contingent loan to Jamaica to help boost the nation’s disaster response efforts and help protect the public purse. The loan allows Jamaica to meet any extraordinary public expenses that may result from natural disasters. It will also allow the country to cushion any financial shock that may negatively impact its fiscal […]
The Government of Jamaica has signed a US$15-million loan agreement with the Japan International Cooperation Agency (JICA) for the implementation of the Energy Management and Efficiency Program (EMEP). Minister of Finance and the Public Service, Hon. Audley Shaw explained that the sum is the second portion of a joint loan of US$30 million for the roll-out of the EMEP. “The […]
A win in the court for one man could take the yoke off the back students Today, the federal student loan bill stands at $1.2 trillion; this is indeed no small amount of money. Outside of mortgages, it represents the second largest source of consumer debt in the U.S. This figure is also projected to double over the next decade. […]
