How Belize became a poster child for 'debt-for-nature' swaps

When COVID hit Belize, its economy nosedived: closed borders meant fisheries and farmers had no export markets, and tourism centered on the tiny Central American nation's warm waters and wonders of biodiversity came to a ...

How common is debt imprisonment in the US today?

Imprisonment for unpaid debts might seem Dickensian, a relic of harsher times. But thousands of people serve jail time each year in the U.S. for failure to pay fines, fees, and other court costs, often resulting from lower-level ...

Climate finance summit wraps up eyeing bigger progress

A global summit seeking to overhaul the international financial system wraps up Friday after taking small steps towards easing the debt burden of developing nations weighed down by climate and economic crises.

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A debt is an obligation owed by one party (the debtor) to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.

A debt is created when a creditor agrees to lend a sum of assets to a debtor. Debt is usually granted with expected repayment; in modern society, in most cases, of the original sum plus interest.

In finance, debt is a means of using anticipated future purchasing power in the present before it has actually been earned. Some companies and corporations use debt as a part of their overall corporate finance strategy.

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