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Discover Latest #Debt service News, Articles and Videos with Contenting
- August, 2017 Debt service is a term used to describe the payments made on a loan or debt. These payments can be made on a monthly, quarterly, or yearly basis, and may include principal, interest, or other fees. Debt service payments are typically used to pay off the principal balance of a loan or debt over time, as well as any associated interest or fees. In some cases, debt service payments may also be used to pay down the principal balance of a loan or debt. Debt service payments can be made to a lender, creditor, or other third party, depending on the details of the loan or debt.
World Bank chief says poorest countries owe $62B on bilateral debt - BusinessWorld Online
WASHINGTON — The world’s poorest countries now owe $62 billion in annual debt service to official bilateral creditors, an increase of 35% over the past year, World Bank President David Malpass said on Thursday, warning that the increased burden is increasing the risk of defaults. Mr. Malpass told the Reuters NEXT conference in New York […]
Debt service bill declines 24% in November - BusinessWorld Online
The National Government’s (NG) debt service bill fell 24.4% year-on-year in November following a large principal payment to foreign creditors. According to preliminary data from the Bureau of the Treasury (BTr) the government paid P61.389 billion to service its debt against P81.239 billion ia year earlier. Month-on-month, debt payments rose 54.2% from P39.817 billion in […]