Both major political parties have promised to introduce financial literacy to New Zealand’s curriculum. But is school really the best place to teach students about money?
African states say a pan-African rating agency will enable them to access capital and integrate the continent with global financial markets.
Andrew Bailey, governor of the Bank of England, which is widely expected to increase UK interest rates further this year.
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Jonathan Barrett, Te Herenga Waka — Victoria University of Wellington
Should the country go into debt or raise taxes to pay for disaster recovery? The best solutions might not be the most politically attractive – and that’s a problem.
Low-income countries that sought to spend more on health care during the pandemic have been hit with ratings downgrades, while others avoided borrowing entirely.
Students pulling a heavy ball representing the total outstanding student debt in the U.S. at over $1.5 trillion.
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Yes, the bank would effectively pay you to borrow money. But negative interest rates won’t please savers, nor will they meet the big challenges of economic recovery.
Massive borrowing to fund NZ’s economic recovery due to COVID-19 cannot be written off without the risk of worsening the crisis it was designed to meet.
South Africa’s finance minister Tito Mboweni says the IMF loan will limit the country’s economic vulnerabilities which have been exacerbated by COVID-19.
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The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.
A little cash can be costly.
AP Photo/Sid Hastings
Use of installment loans has grown dramatically in recent years – all without the regulatory scrutiny that tamped down on abuses in the payday loan market.