The decision aims to enable 99.5% of debtors to settle or restructure debts that had become impossible to pay and were being used by lawyers to extort farmers and small producers.

Two reports which came out last week point out that a large number of developing countries are spending more on repayment of debt than on the development of social sectors such as health and education 

After two months of non-stop protests and two weeks of hunger strikes, drivers under the banner of the New York Taxi Workers Alliance reached an agreement with city authorities and the largest medallion loan holder

The city’s iconic yellow cab drivers are fighting to end a crushing debt crisis, manufactured by the city and Wall Street profiteers

Today we look at the protest for debt relief by taxi drivers in New York City, the 19 year long wrongful imprisonment of Ahmed Rabbani by the U.S., and more

As the crisis in the global economy deepens, international bodies and agencies are proposing debt restructuring plans for the developing economies. However, many creditors have been reluctant to accept the possibility