Loan Consolidation – Fast Paths http://fastpaths.com/ Fri, 04 Jun 2021 19:15:20 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://fastpaths.com/wp-content/uploads/2021/05/default.png Loan Consolidation – Fast Paths http://fastpaths.com/ 32 32 4 ways to finance your dream wedding https://fastpaths.com/4-ways-to-finance-your-dream-wedding/ https://fastpaths.com/4-ways-to-finance-your-dream-wedding/#respond Fri, 04 Jun 2021 17:35:49 +0000 https://fastpaths.com/4-ways-to-finance-your-dream-wedding/ While it’s not too hard to find people who think large wedding ceremonies are a waste of money, there are also those who can’t imagine having a wedding party for less than several dozen people. . Of course, large wedding ceremonies don’t come cheap, but given their symbolism, it’s no surprise that many people are […]]]>


While it’s not too hard to find people who think large wedding ceremonies are a waste of money, there are also those who can’t imagine having a wedding party for less than several dozen people. . Of course, large wedding ceremonies don’t come cheap, but given their symbolism, it’s no surprise that many people are willing to spend a fortune on them.

Most people don’t have huge savings, especially in today’s economy. However, that does not mean that it is impossible to find the money for the wedding of your dreams. In a moment, we’ll share with you the four ways to find cash fast. Not all of them require the same effort, and some of them may prove to be more effective than others. On top of that, there is no better option – it will mostly depend on your skills and preferences. Let’s go.

Apply for a debt consolidation loan

If you are in dire need of money to cover wedding-related expenses, you can turn to a personal loan provider. This option is recommended if you have a good credit history and your chances of getting approved and receiving a lower rate are higher.

4 ways to finance your dream wedding

If your credit score is correct, debt consolidation loans might be the best option for you. This means that you will take out a larger loan to pay off your remaining debts on more favorable repayment terms, such as lower interest rates or lower monthly payments. If you take out a debt consolidation loan and really use it to pay off your debt, it can even increase your credit score over time.

However, before you decide to go this route, you should only take out a loan if you are at 100% that you will be able to pay off your debt on time later. Otherwise, you will end up with an even bigger problem.

Sell ​​your stuff

If you have a garbage drawer full of things you no longer use, now is the time to dig through it and see what can be sold. You probably have old books, toys, or other items stored in your house that no longer bring you joy and that you were hesitant to sell or just didn’t. If so, now is the time!

There are many ways to sell your items, including:

  • Craigslist – This is a great way to sell your stuff as there are people who will come to you and pick up the items without any problem on your part.
  • eBay – If you’ve used items, such as clothing or electronics, you can list them on eBay. Many people make money selling their business on eBay.

Earn money from home

4 ways to finance your dream wedding

If you are looking for a more reliable way to find quick cash that can turn into a long term source of income for yourself (and hopefully) then you might want to consider becoming a freelance writer. or work from home in general. There are plenty of opportunities where people need virtual assistants online and they pay a living wage in return for helping them with their online (or offline) work.

You can make money online doing a lot of different things these days – you can also consider becoming a copywriter or translator as both of these professions are in high demand.

Offer your services

If none of the options mentioned above appeal to you, you can always offer your services in exchange for money. For example, if you are good at tennis or guitar, you can organize private lessons for young children and their parents. Likewise, if you have special skills, such as cooking or painting, consider offering your services to people who need them (for example, working as a personal chef or painting someone’s house). In this way, you will not only make extra income, but also meet a lot of people and maybe even develop new friendships and business connections.

Conclusion

4 ways to finance your dream wedding

We hope these four tips will help you if you are looking for ways to raise money for the wedding of your dreams. Remember, while you might not have enough money to cover all of your expenses, there are still ways to quickly earn extra cash – and, more importantly, all of the examples listed in this article are legal, and on top of that, not particularly difficult. Make sure you don’t overspend and stay within your budget to eliminate the risk of going into debt in the future.

Consider developing healthy spending habits and building an emergency fund. You can never know what the future holds for you, and it will help reduce the stress you feel due to unforeseen expenses.



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How To Get The Best Debt Consolidation Interest Rate https://fastpaths.com/how-to-get-the-best-debt-consolidation-interest-rate/ https://fastpaths.com/how-to-get-the-best-debt-consolidation-interest-rate/#respond Fri, 04 Jun 2021 09:17:16 +0000 https://fastpaths.com/how-to-get-the-best-debt-consolidation-interest-rate/ The best debt consolidation rate is the lowest rate you can get from a lender. Debt consolidation is all about borrowing enough money to consolidate your debts into one. Dealing with one loan is easier than juggling multiple loans. The first step in getting the best deal is to find a lender with the lowest […]]]>


The best debt consolidation rate is the lowest rate you can get from a lender. Debt consolidation is all about borrowing enough money to consolidate your debts into one. Dealing with one loan is easier than juggling multiple loans. The first step in getting the best deal is to find a lender with the lowest interest rate. Don’t just rely on the lender you’ve built a strong relationship with. You might run out of good deals.

Financial institutions charge different rates on consolidation loans. These rates vary widely, ranging from 5% to 36%. it is wise to opt for a consolidation loan only if the rate is lower than the combined rate you are currently paying. A consolidation loan should be a relief, not add to your burden, or leave you in the same state.

Improve your credit rating

One of the best ways to get a good deal from a lender is to have a good credit rating. A good credit score will help you get a consolidation loan at a reasonable rate, and it will also open up avenues for you to get other cheaper loans from an online lender, credit union, or bank. bank.

You should aim for a credit score of at least 740, this is a good strategy for getting debt consolidation loans at low interest rates. As your credit score decreases, the interest rate will increase. If your credit score drops below 660, be prepared for higher interest rates. That said, if the combined interest rate charged on your current loans is higher than what you would be charged on a consolidation loan, go for the loan. An expert from the Bank of american mortgage can help you calculate these rates and advise you accordingly.

How to improve your credit score

The following tips can help you improve your credit score:

  • Check your credit report for any errors and have them corrected. Some of these mistakes could be the cause of your bad grade.
  • Avoid taking out new cards when you are heavily in debt.
  • Your credit card balances must not exceed 30% of your credit limit
  • Don’t miss your loan payments. You can set up automatic refunds
  • If possible, pay off your balances monthly, or try to make some payments, not less than the minimum payment
  • Pay our bills on time

Steps to Get the Best Debt Consolidation Rate

Besides the tips given above, there are many other steps you need to take to make sure you get a consolidation loan at a great rate. You can do the following:

  • Go for a fixed rate consolidation loan. Variable interest consolidation loans can add to your problems as they add to the total cost of the loan.
  • Understand your financial situation, so if the lender asks you why you are borrowing, you can explain yourself. Also, be specific about the amount you want to borrow.
  • Before you start the application process, make sure you have all the required documents, including tax returns or pay stubs, proof of your income, a social security card, proof of your address, your identity document, among others. Find out what documents your lender needs. You can visit your lender or get the information online.

As stated earlier, a consolidation loan should help ease your burden and not add to your problems. So it is better to understand all the loan terms before signing any agreements. Do not hesitate to ask questions of your lender for clarification. Find out about all the fees associated with the loan, including assembly costs, early termination fees, among others.

If you are not able to do all of this on your own, do not hesitate to consult a financial advisor. This is how to get the best debt consolidation interest rate. The expert will also help you identify the different options available to you.



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Gordon Brothers grants Moda Operandi $ 13 million term loan https://fastpaths.com/gordon-brothers-grants-moda-operandi-13-million-term-loan/ https://fastpaths.com/gordon-brothers-grants-moda-operandi-13-million-term-loan/#respond Thu, 03 Jun 2021 12:13:07 +0000 https://fastpaths.com/gordon-brothers-grants-moda-operandi-13-million-term-loan/ Boston, June 03, 2021 (GLOBE NEWSWIRE) – Gordon Brothers, the global advisory, restructuring and investment firm, has partnered with investment bank Consensus to provide a $ 13 million term loan to Moda Operandi in order to support the sale of his business. “It was remarkable working with the Gordon Brothers team,” said Stephanie Roberts, Interim […]]]>


Boston, June 03, 2021 (GLOBE NEWSWIRE) – Gordon Brothers, the global advisory, restructuring and investment firm, has partnered with investment bank Consensus to provide a $ 13 million term loan to Moda Operandi in order to support the sale of his business.

“It was remarkable working with the Gordon Brothers team,” said Stephanie Roberts, Interim CFO at Moda Operandi. “It was one of the best executed financings I have ever had, because they kept the process simple, straightforward and executed exactly what they said they would do from the start. “

Moda Operandi, a high-end luxury fashion website, used the funding to drive a full sales process and achieve a positive outcome for capital and all other stakeholders.

“Led by an innovative team, Moda Operandi has always established itself as a leading platform for fashion discovery,” said Kyle C. Shonak, Managing Director of Gordon Brothers. “In partnership with Consensus, we achieved the best result for the online fashion retailer. “

“The Gordon Brothers team played an important role in achieving a positive outcome for Moda Operandi,” said Michael O’Hara, Managing Member of Consensus. “Their expertise in the field, hard work and flexibility provided the liquidity we needed to execute a complete marketing process, and we sincerely thank them for their partnership on this project. “

Gordon Brothers provides short and long term bridging capital by leveraging its expertise as a market maker in all asset classes. The company is particularly well placed to underwrite structures that put capital behind its valuations. Each capital solution is designed on an operation-specific basis taking into account the needs of borrowers and in support of their goals.

The company lends or invests directly in retail, brands, real estate, inventory, receivables, machinery, equipment and other assets both together and individually to provide broader solutions to- beyond market-leading disposition and valuation services.

About the Gordon brothers

Since 1903, Gordon Brothers (www.gordonbrothers.com) has been helping lenders, operating executives, advisors and investors advance change. The company brings a powerful combination of expertise and capital to its clients, developing customized solutions on an integrated or stand-alone basis in four service areas: appraisals, disposals, operations and investments. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commerce and industrial sectors to get the most out of their assets. Gordon Brothers conducts more than $ 70 billion in disposals and appraisals annually. Gordon Brothers is headquartered in Boston and has more than 30 offices on five continents.

        



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Robin Autopilot mows robot at new McKinney headquarters »Dallas innovates https://fastpaths.com/robin-autopilot-mows-robot-at-new-mckinney-headquarters-dallas-innovates/ https://fastpaths.com/robin-autopilot-mows-robot-at-new-mckinney-headquarters-dallas-innovates/#respond Tue, 01 Jun 2021 22:16:33 +0000 https://fastpaths.com/robin-autopilot-mows-robot-at-new-mckinney-headquarters-dallas-innovates/ Logan Fahey, CEO of Robin Autopilot Holdings, and the building at 7850 Collin McKinney Parkway in McKinney, where the company will move its headquarters. If bots are taking over the world, McKinney can be a great place to start, especially now that Robin Autopilot and his recent acquisition Mowbot are taking hold. With a grant […]]]>


If bots are taking over the world, McKinney can be a great place to start, especially now that Robin Autopilot and his recent acquisition Mowbot are taking hold.

With a grant from the McKinney Economic Development Corporation’s Innovation Fund, Robin consolidates the two by moving to a new head office at 7850 Collin McKinney Parkway.

In April, robotic technology company Robin acquired North Carolina-based Mowbot, a competitor with 16 franchises in the United States. As part of the deal, Robin expanded its partnership with Husqvarna, a global leader in outdoor power products.

Currently based in Irving, Robin plans to relocate 17 jobs and create 53 more over the next three years, bringing the total number of employees to 75. Following its acquisition, Mowbot will now be known as “Mowbot powered by Robin. “

“As we continue our rapid expansion and strengthen our leadership position in robotic solutions for the lawn care industry,” said Logan Fahey, CEO of Robin Autopilot Holdings, in a statement, “We thank the board directors of MEDC and all who helped make this move possible. “

Robin’s new head office will initially occupy 10,000 square feet, with options for expansion. Robin was represented in the selection process by CBRE and Jackson Walker.

Move is the Innovation Fund’s largest relocation

Danny Chavez, senior vice president of MEDC, called Robin’s move “the biggest innovation fund relocation to date.”

“It’s great to work with the Robin team and we can’t wait to see them grow,” Chavez said in the statement. “It’s encouraging to see the hard work of our team come true to build a vibrant innovation economy here at McKinney. “

By using the Innovation Fund, Robin is a business that has business. Alanna.ai, MyTelemedicine and ContraForce also recently opened their headquarters in McKinney via the fund.

Robin Autopilot Lawn Mower Technology Starts

Photo: Robin autopilot

A “smarter” lawn care experience

Launched in 2017, Robin is targeting a larger share of the $ 105 billion landscaping services market. Its benefit: Delivering a “smarter” lawn care experience with emissions-free, battery-powered robotic mowers that can trim a yard daily, much like robot vacuums. The company says the pollution reduction benefits are equivalent to replacing two family cars with electric vehicles, for less than a traditional gasoline-powered mower.

The robotic lawn mower market is set to grow by $ 697 million over the next five years, says Robin, to a market valued at $ 1 billion. Robin’s recent initiatives aim to strengthen its position in the Robots as a Service (RaaS) industry, with the goal of transforming the future of lawn care.

To help realize this nationwide future, Robin is offering subscribers a personalized platform to run a RaaS business, with tiered access to exclusive products, including a robotic gate for fencing and non-exclusive products. , including training, support and financing for robotic mowers and doors.

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Second wave push to lower our GDP forecast in India: Jeremy Zook, Director (Sovereign Ratings), Fitch Ratings https://fastpaths.com/second-wave-push-to-lower-our-gdp-forecast-in-india-jeremy-zook-director-sovereign-ratings-fitch-ratings/ https://fastpaths.com/second-wave-push-to-lower-our-gdp-forecast-in-india-jeremy-zook-director-sovereign-ratings-fitch-ratings/#respond Mon, 31 May 2021 23:45:00 +0000 https://fastpaths.com/second-wave-push-to-lower-our-gdp-forecast-in-india-jeremy-zook-director-sovereign-ratings-fitch-ratings/ But this will need to be reassessed as the impact of the virus outbreak on India’s GDP growth and public finances becomes clearer. Fitch Ratings’ assessments will focus on India’s medium-term growth prospects and the likelihood of keeping the debt trajectory on a downward trajectory, said Jeremy Zook, director (sovereign ratings) at the agency. He […]]]>


But this will need to be reassessed as the impact of the virus outbreak on India’s GDP growth and public finances becomes clearer.

Fitch Ratings’ assessments will focus on India’s medium-term growth prospects and the likelihood of keeping the debt trajectory on a downward trajectory, said Jeremy Zook, director (sovereign ratings) at the agency. He told FE’s Banikinkar Pattanayak that structural reforms that promote growth and address infrastructure gaps could improve India’s prospects if implemented well. Edited excerpts:

What is your forecast for India’s debt ratio for FY22, taking into account the impact of the second wave of Covid-19?
The surge in Covid-19 cases in the second wave will cause our GDP growth forecast for fiscal 22 to decline (previously 12.8% compared to our quarterly economic outlook for March 2021), due to the attenuation of activity due to mobility restrictions. We expected the FY22 debt-to-equity ratio to decrease by 2.5 percentage points from 90.6% in FY 21. But this will need to be reassessed as the impact of the virus push on India’s GDP growth and public finances will become clearer.

How will a heavy debt burden affect India’s public finances and sovereign rating?
We confirmed India’s “BBB-” sovereign rating in April 2021, with a “negative” outlook that has been in place since June 2020. (The outlook indicates in which direction a rating is likely to move over a period of time. ‘one to two years.) The “negative” outlook reflects uncertainty about the medium-term path of the public debt-to-GDP ratio, in our view, given the significant deterioration in this ratio over the past year. India has the highest debt ratio of emerging countries rated “BBB” by Fitch, at around 90% of GDP, and has limited fiscal space from a rating standpoint.

Our rating assessments will focus on India’s medium-term growth outlook and the likelihood of keeping the debt path on a downward path.

The rating would come under additional pressure due to a deterioration in the trajectory of the debt ratio resulting from weaker medium-term growth prospects or from a further widening of fiscal deficits.

The government mapped out a gradual fiscal consolidation path in its February budget, targeting a 4.5% deficit by FY26. This pace of consolidation seems credible to us, and the commitment to greater budget transparency is welcome. However, there are of course risks involved in achieving these goals. In particular, the large deficit and high level of public debt require India’s medium-term GDP growth outlook to stabilize and reduce the debt ratio. Structural reforms that promote growth and close infrastructure gaps could improve the outlook if implemented well in our view.

Is there a chance that the debt ratio will fall back to pre-pandemic (FY20) level in the medium term?
We do not expect India’s debt ratio to return to its pre-pandemic FY20 level of 73.9% within our 5-year debt trajectory horizon. According to our current forecast, India’s general government debt level will reach 89% of GDP by FY25 and follow a gradual downward path thereafter.

Do you know what are cash reserve ratio (CRR), finance bill, tax policy in India, expenditure budget, tariffs? FE Knowledge Desk explains each of these and in more detail on Financial Express Explained. Also get live BSE / NSE stock quotes, latest mutual fund net asset value, top equity funds, top winners, top losers on Financial Express. Don’t forget to try our free income tax calculator.

Financial Express is now on Telegram. Click here to join our channel and stay up to date with the latest news and updates from Biz.



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Interest payments: skyrocketing debt of the Center could curb productive spending https://fastpaths.com/interest-payments-skyrocketing-debt-of-the-center-could-curb-productive-spending/ https://fastpaths.com/interest-payments-skyrocketing-debt-of-the-center-could-curb-productive-spending/#respond Sun, 30 May 2021 22:15:00 +0000 https://fastpaths.com/interest-payments-skyrocketing-debt-of-the-center-could-curb-productive-spending/ In addition, in the interest of growth, the government budgeted an impressive 26.2% increase in capital spending, which has a high multiplier effect, for fiscal year 22. Of course, the budget calculations are in danger of going haywire. again due to the second wave of the pandemic. India’s high public debt of around 90% of […]]]>


In addition, in the interest of growth, the government budgeted an impressive 26.2% increase in capital spending, which has a high multiplier effect, for fiscal year 22. Of course, the budget calculations are in danger of going haywire. again due to the second wave of the pandemic.

India’s high public debt of around 90% of gross domestic product (GDP) as a result of the Covid-19 outbreak can potentially inflate interest payments and hurt the ability of the Center and states to boost productive spending, economists and senior executives at global rating agencies told FE.

Given the damage caused by the second wave, some economists expect the fiscal year 22 budget deficit to exceed the 6.8% target by almost a percentage point.

The need of the hour is therefore to quickly revive the growth impulses, which will reinforce the depletion of income and allow the country to reduce its debt, they stressed. It also needs to be followed by a credible roadmap, which should be more sacrosanct than the often relaxed FRBM rules, to reducing debt.

The rapid containment of the second wave and the effective implementation of structural reforms, especially in factors of production, are essential for the country’s growth goals, some of them said. Otherwise, given the precarious financial situation, any threat to the outlook for GDP growth will only increase the accessibility of debt.

According to IMF data, from a peak of 84.2% of GDP in 2003 (since liberalization), the general government debt ratio fell to 66% in 2010, before rising slightly to reach 73 , 9% in 2019. In 2020, a deadly combination of a Covid-induced GDP contraction and massive borrowing to support spending inflated the debt ratio to 89.6%.

Jeremy Zook, Director (Sovereign Ratings) at Fitch Ratings, told FE: “We don’t expect India’s debt ratio to drop back to its pre-pandemic level of 73.9% in the next 5 years. . ” Fitch expected the FY22 debt-to-equity ratio to decline 2.5 percentage points from the 90.6% estimated in FY 21. But this “will have to be reassessed” as a result of the second wave, Zook said.

William Foster, Vice President and Director of Credit (Sovereign Risk) at Moody’s, said: “The affordability of (India’s) debt will remain relatively low, with interest payments reaching around 28% of government revenues. public in 2021, the highest among Baa-rated peers. and more than three times the Baa median forecast of about 8%. “

Favor the expected stabilization of the debt at around 92% of GDP by 25, against 88.9% (Moody’s estimate) in FY21. This is one of the less optimistic projections of India’s debt profile; other agencies predict that the burden will be relieved with a resumption of economic growth.

Unsurprisingly, a significant share of resources is devoted to interest payments, which climbed to 28.5% of government revenue last year, from 22.9% in FY20. That figure is expected to drop to 27.5% in FY22 before rising to 28.3% in the next fiscal year, Moody’s said.

M Govinda Rao, member of the 14th Finance Committee and current chief economic adviser of Brickwork Ratings, said: “Even if the consolidation path of the 15th Finance Committee is strictly followed, the Centre’s debt is expected to drop from 62, 9% in FY21 at 56.6. % in FY26. This means that interest payments will remain at high levels and continue to crowd out more productive spending. “

The FRBM panel led by NK Singh suggested in 2017 that general government debt be capped at 60% of GDP by fiscal year 23. However, Singh, who also headed the 15th Finance Committee, recently said in interviews that given the unprecedented Covid crisis, the Center and States may exceed their FRBM limits. But once the pandemic is dealt with, they must chart a clear path to regain fiscal discipline, Singh said.

However, any roadmap for debt reduction hinges on accelerating economic growth. “Growth-friendly structural reforms and correcting infrastructure deficits could improve the outlook if implemented well in our view,” said Fitch’s Zook.

Certainly, the debt ratios of economies around the world have increased in the wake of the pandemic. According to an IMF estimate, given the widening deficits and the contraction of economic activity, global debt jumped to 97% of GDP in 2020. It will rise to 99% in 2021 before stabilizing. below but close to 100% of GDP it added.

Importantly, the FY20 Economic Survey pointed out that India’s foreign exchange reserves, which stood at $ 584 billion as of January 15, 2021, were greater than its total external debt (including including that of the private sector) of $ 556 billion in September 2020. has since increased, reaching a record high of $ 593 billion as of May 21. “In the parlance of corporate finance, therefore, India looks like a company with negative debt, with zero probability of default by definition.”

In addition, in the interest of growth, the government budgeted an impressive 26.2% increase in capital spending, which has a high multiplier effect, for fiscal year 22. Of course, the budget calculations are in danger of going haywire. again due to the second wave of the pandemic.

The government has also confirmed a roadmap for capital investments of Rs 111 lakh crore in infrastructure up to FY25. However, attracting large-scale patient capital to infrastructure is unlikely to be easy despite the establishment of a development finance institution.

Regarding the current fiscal situation, Sonal Varma, chief economist, India and Asia (excluding Japan) at Nomura, said revenue would likely be affected in the June quarter due to the second wave. “However, as we expect the economic recovery to pick up after June, we should see a rebound in tax collections thereafter. A major risk is any delay in divestment plans due to the second wave disruptions which jeopardize the ambitious target of Rs 1.75 lakh crore (~ 0.8% of GDP), ”Varma said.

Several agencies, including Barclays, Nomura, S&P and Moody’s, recently cut their India growth forecasts for FY22, with a few cutting their projections by four percentage points to just over 9%, as the second wave of Covid was hitting businesses. This compounded the concerns of policymakers who previously expected a V-shaped recovery after the first wave.

Do you know what are cash reserve ratio (CRR), finance bill, tax policy in India, expenditure budget, tariffs? FE Knowledge Desk explains each of these and in more detail at Financial Express Explained. Also get live BSE / NSE stock quotes, latest mutual fund net asset value, top equity funds, top winners, top losers on Financial Express. Don’t forget to try our free income tax calculator.

Financial Express is now on Telegram. Click here to join our channel and stay up to date with the latest news and updates from Biz.



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Egypt to use IMF account to help reduce Sudan’s debt https://fastpaths.com/egypt-to-use-imf-account-to-help-reduce-sudans-debt/ https://fastpaths.com/egypt-to-use-imf-account-to-help-reduce-sudans-debt/#respond Sun, 30 May 2021 08:12:14 +0000 https://fastpaths.com/egypt-to-use-imf-account-to-help-reduce-sudans-debt/ Egypt announced its participation in the international initiative to help Sudan develop economically by leveraging Cairo’s quota with the International Monetary Fund (IMF) with the aim of enabling Sudan to repay part of its outstanding debt. In a speech delivered on May 17 at the Paris Conference to support the transition in Sudan, Egyptian President […]]]>


Egypt announced its participation in the international initiative to help Sudan develop economically by leveraging Cairo’s quota with the International Monetary Fund (IMF) with the aim of enabling Sudan to repay part of its outstanding debt.

In a speech delivered on May 17 at the Paris Conference to support the transition in Sudan, Egyptian President Abdel Fattah al-Sisi said: “Egypt will participate in the debt relief initiative to help Sudan obtain relief through the use of Egypt’s share in the International Monetary Fund. “

He also said: “The conference comes at a turning point in the modern history of Sudan to consolidate the achievements of the December conference. [2018] revolution, which marked the beginning of a new era, and opened horizons of hope for the future for the brotherly Sudanese people. “

Alaa Zahran, head of the National Planning Institute – the research arm of Egypt’s Ministry of Planning and National Development – told Al-Monitor by telephone that Egypt’s announcement that it will use its quota- IMF share to help Sudan will not affect Egypt’s future borrowing opportunities. . Egypt’s quota is estimated at $ 6 billion.

This step stems from the belief of the Egyptian leadership that the security and stability of Sudan is an integral part of the security and stability of Egypt and the region, he said. It also reflects Egypt’s unwavering commitment and political will to support the sustainability of peace, development and stability in Sudan and to preserve its territorial integrity, he continued.

Sudan aims to pay off its external debts owed to international financial institutions, official bilateral creditors and commercial creditors, amounting to approximately $ 50 billion. Sudan has obtained loans from Western states to help it pay off some of its debt arrears, according to a Reuters report.

In December, the United States announced a $ 1 billion bridging loan to Sudan to clear World Bank arrears.

In April, Washington and the IMF called on more than 20 countries to fully support Sudan’s debt relief process, stressing that the country had made progress in implementing reforms at the macroeconomic level.

As a result of all this, the IMF and the World Bank say Sudan is now eligible for debt relief as part of a Heavily Indebted Poor Countries Initiative.

Zahran said Egypt’s economic support to neighboring countries, mainly Sudan and Libya, will help restore political, economic and security stability to the region and achieve development goals and mutual interests.

Salah Fahmy, an economist at Al-Azhar University, said using the Egyptian quota at the IMF for the benefit of Sudan would secure new opportunities for Sudan to borrow from international financial institutions.

Mahmoud Mohieldin, one of the IMF’s 24 executive directors, said all countries in the organization have an emergency account that can be used in the event a country defaults on its loans, as this s ‘is produced in Sudan. He said another country can make deposits to this sub account to help the defaulting country pay off its debt.

Fahmy said Egypt’s support for Sudan’s debt relief process improves Cairo’s reputation among international financial institutions and supports its creditworthiness due to its economic stability and foreign exchange earnings.

It also reflects the weight of the Egyptian economy in the global economy, he said, adding that Egypt’s aid to Sudan gives the Egyptian state marketing power in international fora and organizations. administrative advice. He said the Egyptian economy has been able to withstand the coronavirus pandemic and ranks sixth among the world’s 18 fastest growing economies, according to an IMF report submitted at spring meetings held. in April.

Fahmy said Egypt’s growth renews the confidence of local and foreign investors in the Egyptian economy’s ability to handle crises. He said that the risks facing the Egyptian economy still lie within a safety margin and that Egypt, through the implementation of an economic reform program over the past three years, has moved on. reinforced against internal and foreign shocks.

On May 16, Sisi met Lieutenant General Abdel Fattah al-Burhan, Chairman of the Sudanese Sovereignty Council, in Paris. Sisi stressed during the meeting Egypt’s commitment to support the measures taken by the Sudanese government to achieve economic stability, get rid of its accumulated debts and reduce its financial burdens.

Sisi welcomed the steps taken by Sudan towards structural reform of the economy, which reflects a real political will to make the transition a success.

Sisi said Egypt was ready to share the Egyptian experience of economic reform and train Sudanese officials and workers.

Zahran said the world must come together to create a global fund to support countries affected by disasters and emergency crises such as the coronavirus pandemic. The fund would be similar to the Climate Change Fund so that each country participates with a share commensurate with the strength of its economy to support affected countries and peoples, he said, adding that low-interest loan funds who would be involved would have specific conditions for fundraising expenses.



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Bajaj Finserv’s EMI Network Powerplay gamified campaign is now in its final phase https://fastpaths.com/bajaj-finservs-emi-network-powerplay-gamified-campaign-is-now-in-its-final-phase/ https://fastpaths.com/bajaj-finservs-emi-network-powerplay-gamified-campaign-is-now-in-its-final-phase/#respond Sat, 29 May 2021 08:25:10 +0000 https://fastpaths.com/bajaj-finservs-emi-network-powerplay-gamified-campaign-is-now-in-its-final-phase/ Bajaj Finance Ltd. Pune, Maharashtra, India: Bajaj Finserv, in association with vivo India, recently launched their cricket-themed campaign called #EMINetworkPowerplay, an interactive campaign that includes a quiz and a social contest. Those who participate in the campaign have a chance to win a vivo Y20G. Launched on 7e In May 2021, the campaign received the […]]]>


Bajaj Finance Ltd.


Pune, Maharashtra, India:
Bajaj Finserv, in association with vivo India, recently launched their cricket-themed campaign called #EMINetworkPowerplay, an interactive campaign that includes a quiz and a social contest. Those who participate in the campaign have a chance to win a vivo Y20G.

Launched on 7e In May 2021, the campaign received the participation of over 4,000 people, making it a successful endeavor. Just answer the questions about cricket, vivo mobiles and the EMI network, and enter the social contest.

Entrants must follow the steps below to be eligible to win a vivo Y20G:

  1. Play the #EMINetworkPowerplay game by clicking on the link: https://www.bajajfinserv.in/EMI-Network-Powerplay
  2. Share the URL of the campaign page on the Twitter profile.
  3. Tag @Bajaj_Finserv and @Vivo_India and use the hashtag #EMINetworkPowerplay.
  4. In the same tweet, mention the features of the new vivo V21 5G that people are most interested in and complete the following statement: “ vivo smartphones and Bajaj Finserv EMIs are a winning partnership because …

The top 10 people with the most likes on their tweets will have a chance to win a vivo Y20G smartphone.

The campaign is until 31st May 2021 and interested users can still play #EMINetworkPowerplay by visiting- https://www.bajajfinserv.in/EMI-Network-Powerplay.

Users can also browse from a range of vivo mobiles, including the latest vivo V21 5G on the #EMINetworkPowerplay campaign page.

The flagship smartphone, priced at Rs. 29,999, is powered by 8GB of RAM and a massive 128GB of storage space. Its OIS-equipped selfie camera makes clicking dazzling images with just one click. Users can reserve the latest vivo V21 5G and purchase it on EMI free of charge from Rs. 1666 on the Bajaj Finserv EMI Store.

* Baths and conditions of application

About Bajaj Finance Limited

Bajaj Finance Limited, the loan company of the Bajaj Finserv Group, is one of the most diverse NBFCs in the Indian market serving more than 44 million customers across the country. Based in Pune, the company’s product offering includes consumer durable loans, lifestyle finance, life care finance, digital product finance, personal loans, property loans, small business loans, home loans, credit cards, two and three wheel loans, commercial loans SME loans / loans, securities lending and rural finance which includes gold loans and vehicle refinancing loans as well as fixed deposits. Bajaj Finance Limited is proud to hold the highest FAAA / Stable credit rating for any NBFC in the country today.

For more information, please visit: www.bajajfinserv.in

Click here for media contact details

media@bajajfinserv.in, Bajaj Finserv

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16 leading lawyers in Long Island https://fastpaths.com/16-leading-lawyers-in-long-island/ https://fastpaths.com/16-leading-lawyers-in-long-island/#respond Fri, 28 May 2021 18:55:45 +0000 https://fastpaths.com/16-leading-lawyers-in-long-island/ Sign up for our COVID-19 newsletter to stay up to date with the latest coronavirus news across New York City 16 leading lawyers in Long Island These 16 Long Island lawyers handle a variety of legal matters to meet all of your legal needs. Robert Abrams of Abrams, Fensterman, Eisman, Formato, Ferrara, Wolf & Carone, […]]]>