Line of credit – R43DSFRS Tue, 24 Aug 2021 04:16:06 +0000 en-US hourly 1 Line of credit – R43DSFRS 32 32 As Africa Faces COVID-19, Chinese Debt Relief is a Welcome Development Thu, 15 Jul 2021 06:30:06 +0000 Education Visa Challenges and Fall International Student Enrollment Adam Julian, director of international student and scholar services at University of Maryland, Baltimore County, and 2021 chair of the international student and scholar regulatory practice committee at NAFSA, discusses visa challenges for foreign students and international student enrollment with the return to in-person learning this fall.  […]]]>


Adam Julian, director of international student and scholar services at University of Maryland, Baltimore County, and 2021 chair of the international student and scholar regulatory practice committee at NAFSA, discusses visa challenges for foreign students and international student enrollment with the return to in-person learning this fall. 


IRINA FASKIANOS: Good afternoon and welcome to CFR’s Higher Education Webinar. I’m Irina Faskianos, vice president of the National Program and Outreach at the Council on Foreign Relations. Today’s discussion is on the record and the video and transcript will be available on our website, As always, CFR takes no institutional positions on matters of policy. We’re delighted to have Adam Julian with us to talk about visa challenges for foreign students and fall international student enrollment. We’ve shared his bio with you, but I’ll just give you a few highlights. Mr. Julian is the director of international student and scholar services at the University of Maryland, Baltimore County, and the 2021 to 2022 chair of the International Student and Scholar Regulatory Practice Committee at NAFSA: Association of International Educators. From 2015 to 2020, he was the director of international student and scholar services and outreach at Appalachian State University in North Carolina.

Adam, thanks very much for being with us today. Obviously, we are coming off this pandemic. I thought we could start by looking at the primary visa challenges foreign students are facing now and what this means for international student enrollment, as schools return to in-person learning this fall.

ADAM JULIAN: Yeah, thanks so much for having me, Irina. And I appreciate the invitation and all the work that the Council on Foreign Relations does in this sphere. And it’s an honor to be here today. So I wanted to start today with just discussing a few points. And a lot of this I know is information that will not be new to anyone, but hopefully it will spur some good conversation and some good dialogue amongst the group. And so today, I’ll touch largely on some visa challenges for foreign students who want to study in the U.S., not necessarily only in the moment, sort of in the COVID sense, but also just in general some of the challenges for foreign students. Also, I want to touch a little bit about my experience, as the chair of the International Student and Scholar Regulatory Practice Committee with NAFSA, and how liaising with federal agencies and our partner agencies, how that’s really changed, in particular under the Biden administration, in the last couple of years. And then finally I want to talk a little bit about some international enrollment challenges and tensions for the fall semester, really things in the moment.

And so, what I want to say about visa challenges for foreign students, and really, of all of the English-speaking destination countries for higher education, so think the UK, think Australia, New Zealand, and elsewhere, the U.S. visa, I would argue, is more expensive and difficult to obtain and comes with fewer benefits in terms of post-graduation work opportunities, in terms of paths to citizenship or permanent residency, than any of its competitors. But despite this, I think the U.S. is still largely seen as one of the best systems of higher education in the world, and U.S. education is still highly sought after by international students. So, when I say it’s challenging and difficult for students to obtain a visa, when you think about it just in terms of cost alone, right, if you take into consideration the SEVIS fee, which is the immigration database the Department of Homeland Security and others use, the application fee for the visa itself. That alone is $510. And that’s not to mention the cost of travel to a different city. Most of the time, U.S. consulates, depending on the country, as you all know, are either in the capital city or regional city, an applicant may have to provide or may have to travel and stay overnight, take time away from work, all these different things just simply for the opportunity to apply for an interview. This gets especially complicated in other geopolitical complications, think of the case of an Iranian student who has no U.S. Embassy in their home country to apply to and has to go to a third-party country, typically Yerevan or Ankara third-party consulate and it adds an additional cost.

So, there’s that piece, which is the cost of the visa itself, within even simply to receive an invitation letter or what’s known as a Form I-20, from an institution of higher education or any type of institution authorized to issue those in the United States, students have to provide proof of financial solvency for twelve calendar months, just to be eligible to receive this. So, in addition to the cost of the actual application process and applying itself, this system of having to establish twelve months or greater of financial solvency, really, I would argue, creates some real inequity in who is able to access higher education in the U.S., and it’s largely only available to the wealthy, since mobility to the U.S., is really, for the most part, only accessible to those who happen to have the means.

So, once you’ve applied for the visa, and you show up to the embassy, you’ve gone through all these steps, then the way the U.S. immigration law and regulations are structured, is the burden of proof to overcome this idea of immigrant intent, or the idea that you the applicant, are intending to immigrate to the United States and the consular officers are trained to make that assumption, the burden of overcoming that is on the applicant. And most of the times, those of you who I’m sure have been to many U.S. embassies abroad, they’re perhaps not the most welcoming and friendly places. Oftentimes, these interviews take place under very stressful conditions, they must be in person in a language that is not an applicant’s native language, the majority of the time. And so, if the goal is for the applicant to overcome nonimmigrant intent, to prove to the consular officer that they do plan to return to their home country, they have to establish what’s known as home country ties. If you’re a 17-year-old or 18-year-old student who’s going to study in the United States and is applying for a visa, how do you own property? How do you articulate what your plan for the future is, when you may not even know what you’re going to study in the U.S.? Another, I think, aspect of this that makes it very difficult, particularly on the visa acquisition side, it’s really just, frankly speaking, it’s more difficult to get a visa from “sample” state university than from Harvard, or an Ivy or a university that has international name recognition, right? So having to overcome that bias that may be there from a consular officer is also a significant challenge. So, in summary, for the visa acquisition process, and some of the challenges in general, it really is, it’s the most arduous process for any, in my opinion, for any student visa, with the least beneficial results—no path to citizenship, really strict regulations, really strict vetting, very limited work opportunities for students in the U.S.

So I want to turn now to my role at NAFSA and the International Student and Scholar Regulatory Practice Committee and how things have been different under the Biden administration. And as Irina mentioned, I’ve been a member of ISSRP in some capacity since 2016. I’ve been chairing the group since 2020. And the difference between the last six months versus the previous five years is truly night and day, I sort of like to describe it as this administration is really less deliberately obstinate, or we’ve gone back to having a partner and not an adversary. Life is more predictable, more steady for people who have jobs such as mine working with international students and scholars and doing a lot of regulatory work. And I’ll give you a few examples just of how that’s changed in the first couple of months of this administration.

A lot of people on the call may know that the Department of Homeland Security issued some temporary relief or some extra guidance or exceptions for international students during the COVID pandemic. And that has been a process that’s been continuing to be updated and extended, sort of piecemeal and it’s been a very much a piece of concern for administrators and in higher education for the students and scholars that impact it, but within several months, the new administration issued guidance all the way through the entire academic year. And I think a lot of us really view that as a statement of solidarity and support that we’re in this together and we’re not going to continue to create a situation that’s in flux and unstable and unreliable and subject to change rapidly. The administration also did away with the Trump administration’s plan to create an OPT Compliance Enforcement Unit. Under ICE—this was one of the last few months of the Trump administration—there was an announcement that the Department of Homeland Security and ICE were going to create an OPT, Optional Practical Training, form of work authorization for international students, they were going to create an enforcement unit. That was cancelled within the first several weeks of the administration. Other things, the idea of making some significant changes that are less student friendly to OPT, Optional Practical Training, to duration of status, or the length of which a student or scholar can remain in the U.S., we’re always on the regulatory horizon, or the agenda, of the past administration. And those things are no longer on the chopping block, so to speak.

And so really, it’s been a different sense of having a partner, having an adversary in our direct liaison work, we just completed our annual conference at NAFSA. And my group is responsible for facilitating the sessions where we invite government representatives to come and discuss trends and topics and questions around international students and scholars and regulations. The past four years, just frankly speaking, organizing these events were very challenging because there was a fear among our agency partners, I think, what they may say, or what they may be not allowed to say, don’t want to be seen as saying something on the record. This was a fundamentally different experience, this year, more collegial, more positive in nature. For the first time in many, many years, we were able to have some liaison with Citizenship and Immigration Services. And just in general, this has really helped the, I would say, perception, and overall sense of optimism among international educators and international students and scholars who are looking to come and study in the U.S.

So, finally, where are things right now, with international enrollment? What are the tensions? I think anybody’s guess is as good as mine. I think right now, the biggest challenge that a lot of us are dealing with is simply the impact of the COVID-19 pandemic on consular operations, it’s very, very difficult, if not impossible, to get an appointment, to get a visa. Many posts simply aren’t operating. That’s often case-by-case, country-by-country, post-by-post specific depending on the public health situation. Those that are operating are experiencing significant backlogs. Speaking for a little bit about the experiences of students at UMBC, we had a lot of students who had originally intended to arrive in August of 2020, but because of the pandemic, had deferred until January, and had deferred again until August. And so that’s created a significant backlog. And the U.S. Department of State has very graciously, I think, announced their intention to really prioritize student and scholar mobility. But, we can only do so much with the resources that we have. I think other challenges that we’re facing, aside from just lack of visa availability or just navigating travel restrictions, at the top, I mentioned the case of an Iranian student who may have to travel to Armenia or to Azerbaijan to apply for a U.S. student visa, how does that student or scholar navigate the travel restrictions that are in place because of COVID? Whether or not they’re at the national level, whether or not they’re airline specific, based at the specific console, it’s a lot to keep track of and to navigate and very difficult and case-specific.

One of the things I think that’s kind of interesting is, say what you will about how the U.S. handled the COVID situation, but in a sense, where we are now has in a way turned into a bit of a competitive advantage, it is easier to come to the U.S. than to a lot of our competitor English-speaking higher education receiving countries. And I think, for a particular example, the UK is requiring a mandatory ten-day quarantine stay in a hotel when they arrive, and that’s to the cost of the traveler. Australia and New Zealand have other stricter measures in place to prevent mobility of international visitors and travelers. And so, in a sense, that’s turned into a bit of a competitive advantage. But it’s really all about are students and scholars going to be able to get the visas? Right now, a lot of us are dealing with tensions and questions around vaccinations. It’s a balance between personal safety. We want students to have that campus experience, we recognize the importance of the campus economy. And, just frankly speaking, I think that’s what keeps a lot of U.S. higher education institutions afloat. And so for those of us who are requiring vaccines on our campuses, and if you’re a student from X country who may not have access to a WHO-approved vaccine or a FDA-approved vaccine, how will that be dealt with when you arrive? Will we consider you vaccinated, will we provide you with a vaccine, do you risk your own personal health and safety and not get a vaccine, perhaps, the Russian-produced Sputnik vaccine or a vaccine that’s not WHO-approved and then come to the U.S. and be required by a university to get a FDA-approved vaccine? There’s really no, to my knowledge, understanding of the science of the effect of vaccine layering. And so students are making these difficult decisions right now. Do I get the vaccine that I have access to, and then take a risk of getting vaccinated again when I get to the U.S.? Do I not?

I think that the last thing I would really want to say, I guess two final points about sort of tensions and maybe how we should be thinking about this right now. To me, the pandemic has really highlighted the importance of having a more strategic international enrollment plan. And by strategic, I mean, diversifying sources of enrollment. For students, a lot of institutions are one geopolitical issue or one pandemic or one natural disaster away from having a significant decrease in enrollment. I think the recent surge in COVID vaccine in India is a good example of that. Certainly, there are other cases throughout recent history, relations with China, the currency situation in South Korea several years ago, different types of things that have occurred. And so, I think the second point to that is we, I think, in the United States, really, we live in the moment, we don’t think about the future, right? We are, to my knowledge, the only of our competitors, who don’t have a national policy on international education. We don’t have a whole of government approach, we don’t have a strategic plan for how we will maintain ourselves as a preferred destination for higher education for students and scholars from around the world. And I think that’s a short sighted and, in my opinion, I think there’s lots of reasons for that. And with that, I’ll leave my remarks and open it up to questions and hopefully some nice conversation.

FASKIANOS: Great, thank you, Adam, for that. It’s so complicated, and there’s so much to navigate, as you described. We’re going to go now to all of you for your questions, comments. So you can either raise your hand by clicking on the raised hand, or you can also write your question in the Q&A box, if you prefer to do it that way. But of course, we’d love to hear from you and hear your voice. So I’m going to go first to Katherine Moore, who has raised her hand. Please tell us what institution you’re with, it will give us context.

Be sure to unmute yourself. Katherine, you’re still—there you go.

Q: [Inaudible].

FASKIANOS: Adam, did you get that or was it breaking up too much to get it?

JULIAN: I didn’t get it, unfortunately.

FASKIANOS: Okay. Katherine, would you mind just typing your question in the Q&A box? Because your connection is so poor, we could not decipher it. If that’s okay, great. All right.

I’m going to go next to going next to a written question Mojubaolu Olufunke Okome, who is a professor of political science at Brooklyn College. She has two questions: “Are there any estimates of how much the U.S. lost in enrollments as the consequence of onerous student visa regulations, in terms of international students studying here?” And then her second question is, “One would have expected COVID-19 to increase barriers to international students’ access to U.S. education. But from your presentation, the U.S. is more accessible than other English-speaking countries. Hopefully, we won’t have another wave of infections as most campuses reopened, but if we do how would that complicate the situation?” So that’s a twofer.

JULIAN: I’ll start with the first question. I am not aware of any specific surveys or studies that have been done to really get at how immigration policy affects student mobility. I know that Institute of International Education publishes their Open Doors report every year, and that is essentially a census or an accounting of international student mobility. You can find that readily accessible and that will show you year over year comparisons. I also know that U.S. Department of State publishes their visa issuance rates. And so, those are also publicly available.

And the second part of the question—Irina help me here—I think was we would assume that the COVID-19 pandemic would increase burdens, but that hasn’t necessarily been the case, or increased obstacles for students.


JULIAN: I would say it certainly has increased obstacles. All of last year, most of U.S. universities were operating in fundamentally different circumstances in terms of in person or virtual, etc. And consulates were largely closed. And so, I would say during that time, absolutely, there were fundamentally more challenges. But I think, I guess the point I’m trying to make now, is that because we in the United States have, just being frank, have taken a much more laissez faire approach to public health, that now there are no national restrictions on entry as there are to other competitors. So, if I’m a student, particularly, who for the last two years has tried to think about I want to come to the United States, I want to study abroad for an advanced degree, you’ve got this pent up demand, and right now, really the only supply that’s readily and easily accessible is the United States, in a sense. I mean, certainly there are ways to go to other competitor countries, but with fewer restrictions. I hope that gets at the question.

FASKIANOS: Great. Let’s go next to Susan Briziarelli, who is the assistant provost for global affairs at Adelphi University, “We’ve heard about plans to allow visa interviews to be conducted in the consoles virtually, is this still a possibility?”

JULIAN: That is a great question. I’ve seen many, many rumors, and I know there’s efforts afoot through AIEA and others to try to advocate for that. I have not heard anything from the Department of State or any of my colleagues that leads me to believe that is in the near future. I simply—this is my, Adam Julian, my personal opinion, not that University of Maryland, Baltimore County or NAFSA—that I simply just don’t think that’s in the cards anytime in the near future. I know a lot of people want that. And I know that would seemingly save a lot of problems, remove a lot of obstacles, rather, that we’re facing. But I just don’t see that happening. I hope I’m wrong.

FASKIANOS: Next question from Martin Edwards, associate professor at Seton Hall University, “Are you aware of any conversations at the higher level to better coordinate communication between CBP DOS and USCIS?”

JULIAN: Another great question. And I think about that. And the reason I say it’s a great question is it’s one that we’re constantly asking and constantly getting different answers to, and it’s really important. Think back to the early days of the Trump administration with the Muslim ban, if you remember when that executive order was signed and went into action, there were literally people in the air who, when they were in the air, the U.S. Customs Border Protection had no understanding that this was happening and only received this information as they came. And so I think that sort of interagency communication is absolutely critical, particularly in a situation live we’ve found ourselves in the last four or five years where you’re having such rapidly changing regulations and things like that. Every time we ask this question, we get varying degrees, in particular, I think with CBP, you get a lot more communication amongst the Department of Homeland Security agencies, and not necessarily the Department of State’s Consular Affairs or the Exchange Visitor program, because if you remember, CBP is part of the Department of Homeland Security and the Department of State is separate, in that sense. So, there’s much more interagency cooperation. I know the couple of times that we asked that question at the most recent NAFSA annual conference of our agency partners, to a person, each one expressed the importance of that and that they take great strides to do it. But I’m not aware of any sort of specific actions or plans that are being made to facilitate better interagency communication, other than just to think right now, in this current climate, that’s easier to happen naturally, particularly among the core career diplomats and career bureaucrats who are there administration to administration who perhaps no longer fear stepping out of line.

FASKIANOS: Thank you. I’m going to go next to Hamdi Elnuzahi, who’s raised their hand, assistant director for sponsored students at Minnesota State University, Mankato. So, if you could unmute yourself.

Q: Hello. Thank you, Adam and you, for bringing this up here. I think it is a very important topic right now. And many of the schools are looking for how to strategically manage this issue to get more enrollment in the fall. It is not a question, but I just want to share something that is very important that may reduce or decrease the number of enrollments in the fall is the visa waiting time in many countries. Based on the information that I have, in more than eighty-six countries, the visa wait time could exceed sixty-five calendar days, up to maybe two hundred-something days, and most of the U.S. embassies in these countries maybe have only one option—emergency appointment. I think these applicants from these eighty-six countries, they don’t have hope even to get a visa appointment, and they will not be able to come even if they get accepted. Second, if they want to enroll, they have to just to take the one option, to enroll online from the countries until they get an appointment. Mr. Adam, can you give us some insights about that, and how we can help these students in these countries?

JULIAN: Thank you, those are some great points and I would be very happy to address them. I think the point about the significant delays and visa appointments, the time between when you can actually schedule an appointment, that’s, I think, what most of us are dealing with right now, that’s the most critical piece. And I think all I would say to that, I guess, would be in a positive sense, I know that back to this idea of feeling like we have a colleague, and not an adversary anymore. The Department of State has indicated that they will prioritize student visas as soon as public health conditions allow. And so, if the optimist in me is looking and hoping that will mean more resources, more appointments will be available, things will be coming up and we will be able to have some students who get more visas and get more appointments quickly. Obviously, that’s not a given. But it is the situation as it is right now.

Your point about enrolling online is a really interesting one. And so at least from my perspective, here at the University of Maryland, Baltimore County, a lot of our students—we did offer our students the option throughout the last year to enroll entirely online, if they chose, from outside of the U.S. But because of—back to these limited work authorizations, there’s a program known as Curricular Practical Training, which is essentially a work authorization, off campus work or internship or authorization for a student to gain practical experience in his or her field. And for the most part, by and large, you must be physically present in the United States for a year, before you can be eligible for CPT. And so we found I think, in the past year that a lot of our students just simply didn’t want to, particularly our masters students, or applied masters students for whom that CPT is such an important piece of what they’re coming for, just simply didn’t want to enroll online, simply wanted to wait so that they could start that eligibility for CPT, which can only begin when they’re in the United States. And so that’s a critical piece.

And then I also think—back to the online piece—one of the things that I know a lot of colleagues around the country are grappling with is as we open up, and as we go back to more in person learning on our campuses, perhaps those available online options may go away, perhaps there are fewer options. And so, what we’re trying to do is to find a happy medium where we can still have, still be able to offer a student a full array of online or hybrid courses that they can enroll in from abroad, if that situation comes to that, but also not do so in a limiting fashion. And I think time will tell, I think the next month, six weeks will be really, really critical for what fall enrollment is going to look like from an international perspective. And I’m hoping for the best, I think like everyone else.

FASKIANOS: Yeah, thank you very much. I’m going to go next to Jennifer Tishler, who is associate director at the University of Wisconsin, Madison. Our center has several international PhD students on hold but also several international nonstudent postdoctoral scholars. The postdocs would have employment status at our university, not student status. They would be entering as F-1 students and/or J-1 scholars. As things start to open up this summer, do you know if one visa classification will get priority over another?

JULIAN: Short answer is I don’t. I know so much of the conversation when we facilitated our conference session with Consular Affairs and NAFSA was around F-1 students, but I do know that they are also prioritizing—and as we’ve seen through the past in these national interest exemptions for “academics,” and so I think there’s been a lot of manipulation is not the word, a lot of negotiation, rather, around what academic means. Does that mean anyone with a J-1 visa, does that mean an H1B who is coming to teach and that sort of thing. So, I don’t know the answer to that, but I think what I would say is just in general, I know Consular Affairs is understanding to higher education’s need in this regard. And I think there’s an understanding that it encompasses not just the F-1 category students. So yeah, not really a great answer, but it is what it is, as the saying goes.

FASKIANOS: Right. I mean, there is so much still to sort out as states are now reopening and just so much navigate through this summer as we see how things unfold in this country. So, the next question comes from Devi Potluri, who is dean of the graduate school at Chicago State University. If you could unmute yourself, that would be terrific.

Q: Thank you. Good afternoon, Adam. You did mention the difficulties those of us in the smaller state universities have in our student visas. Before COVID, we used to hear the news that because we don’t require GRE, consular officers would look at as a negative thing rather than a positive thing. Do you think that COVID has changed that because most universities now waive the GRE requirement? We had some students telling us, they used to ask a question does your university have a GRE, what kind of university doesn’t, even though we are a state university, fully accurate and everything else. I don’t know if you heard anything like that, or any other ideas.

JULIAN: In general, that idea is something that anecdotally I’ve heard people, colleagues like you from around the country, and colleagues I’ve worked with in my capacity at NAFSA, say for years things from “Oh, you don’t require the GRE” to “Oh, your [inaudible] requirements are very low. These are the types of questions that we’ve asked consular officers in the past, and certainly, I would admit that these practices have happened. I would suggest that they are a little more isolated than I think the belief is, I think we, human nature just sort of grasp on to these ideas that when there’s a perceived sort of injustice or unfairness, I think there’s human nature to really think of it as a trend rather than a few isolated incidents. But that’s not to say that it absolutely does not occur, I certainly think it does occur. And, in my experience working in the past at a public state university without much international name recognition, I’ve encountered some of those things myself. I think there are some things that you can do to ameliorate that situation. I think, one of the things that we really focus on at UMBC, and in other places, throughout my career, where I’ve worked, is really on, I don’t want to say coaching, it’s not coaching students on the visa application process, but helping them understand what they have to articulate. And part of that process is explaining to a consular officer, why Chicago State? Where is Chicago State? What you’re studying, what your future goals are, why you chose that specific university? I think you raise a really interesting point with the—particularly as a lot of us are going test optional, even not only with GRE and for undergraduate admissions, SAT and ACT and those sorts of things, but in the English language testing area. Duolingo, I think is making a lot of significant headway in English language. And so, consular officers provide—they have bias for TOEFL or Duolingo, or the type of testing that it is, is it a public university, is it a community college, those sorts of things. I haven’t heard any anything specific, but what I guess my strategy would be or what sort of what my team tries to do is to really educate our students and our applicants on really how that burden of proof is on them. And not necessarily just burden of proof that they’re not going to immigrate, but burden of helping to articulate what their future plan is and why your specific university or school or institution fits into those plans and what it is. And I think that will go a long way.

FASKIANOS: Thank you. We have another question from Martin Edwards, “Many universities have decreased their staff and resources to international students on campuses over the past year in order to offset difficulties of the pandemic and lower enrollment of international students. Could you offer any data resources that we could point to, to make a case for an increase of staff and resources to support an expected increase of international students?”

JULIAN: So trying to wrack my brain here for any sort of specific data, I’m aware of some benchmarking surveys that some of my colleagues, particularly people in my role as a director of international student scholar services have done with NAFSA to talk really about what ideal staffing looks like, based on enrollment.

Outside of that, if you could send me a message, I could follow up with you on that. I could share that information; I’d have to locate it. I don’t know where it is, and how easily or readily available it is. I’d say, one point that we might bring into this conversation is how do you go about creating additional staffing and supporting increases in students? I know there are many, many different models that people employ, whether that’s an international student fee charged per semester, or whether the fee for services you charge for OPT applications that you process or H-1B applications that you process. Obviously, we all have our own political and cultural context to work within what’s possible at our campuses and institutions. But I would say one place where I would want to kind of put some focus would be on how could we creatively increase those resources. But I’d be happy to share that benchmarking survey if we can connect offline somehow.

FASKIANOS: Sure, we can make sure that happens. Next question from Danielle McMartin, who is director of global education at California State University, San Marcos. “We do anticipate a change in F-1 regulations regarding allowance to online classes, as many institutions and faculty have become more online friendly within their curriculum planning. You might have touched upon this, but I want to just break surface it again.”

JULIAN: That’s a great question. And for those of you who work closely with F-1 student regulations, you will remember that much of the language that revolves around hybrid or distance or virtual education is antiquated at best, I think there’s a reference to closed circuit television in the regulations that we have to use to sort of navigate this. So, I would hope that there are some changes, I think there are a lot of things that have occurred this last year that are not going away.

I think one of the things that I think about when I hear that question is what exactly does hybrid mean? How do you define hybrid? Right? That was the guidance we had to work with throughout most of the pandemic with our F-1 student populations, how do you define hybrid? Is it one minute of in-person instruction? Is it one activity? Is it a majority? There’s no, like so much of our work, there’s no black and white, this is what it is. And so I think that piece of sort of virtual learning, hybrid versus online versus in person, is one of the single greatest areas of need, I think, for clarity in the F-1 student regulations in the U.S. Code of Federal Regulations. So hopefully something will come with this. I hope we learn our lesson from this and prioritize it moving forward.

FASKIANOS: Thank you. I’m going to take the next written question from Katy Crossley-Frolick, who is an assistant professor at Denison University, “You discussed the need for longer term strategic thinking regarding international enrollment and mobility. Are you sensing a shift in the Biden administration in terms of pivoting in that direction? And what should be tackled first?” If you were going to give them, 1, 2, 3, what would you advise, Adam?

JULIAN: Oh, yeah, I love that, I’ve suddenly been given some power. This is a great. Am I sensing his shift? Yeah, I think in general, I think it’s just a more friendly administration, you see it in not just international education, but more friendly to higher education. You’ve seen it in some recent Title Nine actions, you’ve seen it in some other things. I know this idea of a national policy is something that other associations and other groups have brought up and advocated for.

For me, the number one—I don’t know if I can come up with three—but the number one thing I would fix or would address as part of this policy is to increase opportunities for work for international students and increase the ease by which an international student has a path to permanent residency or citizenship. I know I’m preaching to the choir or so to speak here. But the value of international students to this country and to the world is really immeasurable.

Right, how many of our Nobel laureates and others and Fortune 500 company founders and CEOs are former international students, right. Making the U.S. more attractive destination for the world’s best and brightest minds to come, making it easier for them to work, to gain practical experience, to invest in this country in this economy, and if they so ultimately choose to have a path to permanent residency, should be the number one piece of any strategy, in my opinion. International students create jobs, international students innovate, international students who are responsible for some of the greatest accomplishments of this country, in my opinion.

I’d also focus on opportunities for study abroad or study away. I think the value of mutual understanding, particularly thinking of my experience coming from smaller state schools or growing up in rural Southwestern Indiana like I did, the value of interacting with people with differing perspectives and experiences is immeasurable, so I would try to find some way to create support for international study or travel for U.S.-based students. I think that’s only two, but those are the first two that come to mind.

FASKIANOS: Great, and Adam, speaking from your position at UMBC, what have you done over the course of the pandemic to foster a sense of community for your international student population? And what are the strategies that you’re putting into place for returning this fall, especially if some of them aren’t going to make it onto campus if they are trying to get those interviews, and they’re not going to be there in the fall, or make it to the fall, are you offering the online option? How are you thinking about all that?

JULIAN: Well, that is, I think, the number one question that we think about every day. So, the first part: what did we do over the fall, we actually established a new program—I’m sure most the people on the call with universities have similar programs—our Global Ambassadors Program. And it really is designed to do two things simultaneously: provide funding and support for international students who already have limited opportunities for employment in the U.S. who may have lost their job because that on campus employment isn’t available due to COVID. And so, we employ them to really serve as ambassadors for new students and admitted students to help them connect, build a sense of community online, virtual, different types of platforms, different types of activities that they participate in together. And really, that was sort of as a substitute to try to, during the COVID times, build a sense of community and try to replicate those bonds and the importance of mutual understanding and trust that comes with the campus experience.

But the campus experience, the experience of studying in a U.S. university of vibrant campus life is really in some ways what differentiates the U.S. system of higher education from other systems of higher education in the world. And I think we would all be naive to say that’s not extremely valuable. And so, we’re looking at ways that we can do that safely, just like I’m sure everyone else are, that is something that we think should be critical, it’s a priority. And to add to that, we’ve got a whole group of students, they’re not many, but who came in the fall or spring during COVID, who have never visited campus. So, there’s this real kind of pent up need for that. And so, we are planning things for the fall semester, we’re doing some sort of hybrid orientations and meet and greets and a sort of welcome reception with our senior administration for international students to recognize the significant obstacles they’ve overcome to join us. And we really want to celebrate that and recognize that at the most senior levels, and so we’re planning some things like that for the fall.

FASKIANOS: Thank you, and then putting on your NAFSA, or your role at NAFSA. What are you doing—obviously, so much of this is dependent on our U.S. immigration policy and reforming that—what are you doing to talk to Congress to advocate for some of these changes that you’ve mentioned here, and that need to be put in place in order to decrease the barriers to come to this country to study?

JULIAN: Yeah, NAFSA has a great advocacy wing, a group of professional staff members who are really dedicated to advocating on behalf of the Association and its members. They do several things that you can imagine, from an advocacy day to specific calls to action. One of the things, in particular, that the regulatory practice group that I’ve been involved with has done over the past is when there were these proposed changes to immigration regulations, the way the process works, typically, there’s a public comment period where anyone can comment on how this rule will impact them, or impact their state, their university, their institution, their family. And so we’ve really worked with NAFSA to sort of muster the energy amongst people to write these comment letters and to have our voice be heard. There have certainly been successes, I think, through this. I think back to [inaudible]. I know at some point the duration of status was on the chopping block, so to say, so to speak, there were, it was up for public comment, and received thousands and thousands of comments. And ultimately, that was dropped by the next administration, that’s no longer in danger. So, I would say, really kind of summary, two things. NAFSA’s advocacy arm works really closely with other associations and really sort of daily on the Hill for our means. And then also, we as association members, I think, really need to be actively engaged in public comment periods and things like that.

FASKIANOS: Fantastic, I’m just looking to see—we’re almost at the end of our time. So, I’m just wanting to see if there’s anything—we covered a lot of ground. So, I think I can just turn to you for any closing remarks that you want to make before we finish up our session.

JULIAN: Thanks. Well, I just want to say, I really appreciate everybody attending, and I appreciate a lot of the great questions and comments that I know were—for those of us who are in the weeds, so to speak, in this room right now, it’s a very stressful time. But I think back to last summer, and then I’m reminded that it’s not nearly as stressful as it was, then. So, have hope, keep the faith, we’ll see, I think as things improve, appointments will open up and we’ll get back to sort of establishing whatever our new sense of normal is, and we’ll do it like we do all things, that’s together. And I look forward to that, if I can ever help in any way and to anyone on the call, please don’t ever hesitate to reach out. I’m always happy to share ways that you can get involved with NAFSA, with international students, calling regulatory practice committee, or just trying to share resources that I may have come across in my work with that group that would be helpful. And I guess that’s all I have to say.

FASKIANOS: Adam, I do have one final question, just as your people are navigating over the course of the summer, is there one source or a couple, a handful, that you would say should be the touch point go to reading or go to check, like every other day or daily or once a week, just sort of see where things are?

JULIAN: Yeah, I would say so if you’re looking at that from a sense of what’s changing on a regulatory perspective, I think NAFSA, at least for student and scholar pieces, is the definitive source. And so, I would put in a plug for, that’s the landing page where any recent changes and updates occur. On the consular front, it is really post specific. And so, if you’re working with a student, or you have a population, have a heavy population of students from one country or another, I would really refer you to that particular embassy or consulate itself and their social media feeds. They do a great job with their public outreach. And they’re a great source of information.

FASKIANOS: Fantastic. And we will circulate the link to this webinar, some of the resources that were mentioned, as well as the benchmark study that Adam is going to dig out for us. So, appreciate that. So, Adam Julian, thank you very much for being with us and to all of you. I hope that people can take a little bit of a break. It has been a grueling year for educators. The summer probably won’t give you much respite. But hopefully, you’ll be able to take a few days off to try to reenergize and do some self-care, which is so important. So, we really appreciate it. So, thank you. You can follow Adam on Twitter @Adam_l_Julian. So I hope you will follow him there. We appreciate your expertise. And again, follow us on @CFR_Academic, and you can visit and for more resources. We look forward to seeing you all again for our next webinars, so stay well and stay safe and take care.



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Step by step guide to getting a debt consolidation loan Sun, 11 Jul 2021 10:00:40 +0000 Debt can be overwhelming, especially when it’s spread across multiple accounts and you’re juggling multiple monthly payments. Debt consolidation loans can make your debt more manageable by combining all of your balances into one personal loan with just one monthly payment. If you are considering getting a debt consolidation loan, this step by step guide […]]]>

Debt can be overwhelming, especially when it’s spread across multiple accounts and you’re juggling multiple monthly payments. Debt consolidation loans can make your debt more manageable by combining all of your balances into one personal loan with just one monthly payment.

If you are considering getting a debt consolidation loan, this step by step guide will walk you through the process.

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The first thing that you want to do is to look at the payday loans that you have and use payday loan consolidation. Once you have done this according to this payday loan relief, you can get out of many payday loans.

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1. Check your credit

You will want to know your credit score before you start applying for credit. This will help you get an idea of ​​the types of debt consolidation loans you are eligible for.

There are many ways to get your credit score for free. For example, your credit card may offer free credit scores. And Experian offers a free basic subscription that includes your credit score.

2. Pull your credit report

It is also wise to research credit report errors before applying for credit. Pulling your credit report is different from checking your credit score, so you will need to do it separately. You can get a free credit report from the three major credit bureaus at

The Ascent’s selection of the best personal loans

Are you looking for a personal loan but don’t know where to start? Ascent’s choices for the best personal loans help you demystify the offers available so that you can choose the one that best suits your needs.

See the selections

Comb all three to make sure everything in your credit history is correct. If you find a mistake, dispute it and make sure it is removed before applying for a debt consolidation loan. Removing negative credit scores that are not accurate should give your credit score a big boost, which will help you qualify for the best personal loans.

3. Make a list of your debts and your monthly payments

Next, you’ll want to go through all of your accounts and list the total balance, monthly payments, and interest rate for each. This should include all of your:

You will need this information for the next step, which will help you determine if a debt consolidation loan will actually be financially beneficial for your situation.

4. Consider your loan options

Once you know your credit score, you should have an idea of ​​the debt consolidation loans that you are eligible for. Just be sure to consider all of your options, such as:

And in particular, pay attention to the following characteristics:

You’ll want to get the lowest APR possible to keep the loan affordable, but you also want to get a loan that’s big enough to pay off all of your debt.

You’ll need a loan term that’s long enough to keep your monthly payments manageable, but not so long that you’ll end up spending more interest than you need to.

The Ascent’s Choices For The Best Debt Consolidation Loans

Want to pay off your debts faster? Check out our list of the best personal loans for debt consolidation and lower your monthly payments with a lower rate.

Pay off debt faster

Finally, be sure to pay attention to any other fees associated with the loan, such as origination fees or prepayment charges. Look for loans with little or no fees.

5. Use a debt consolidation calculator

With all of your account information listed and an idea of ​​your loan options, you can use a debt consolidation calculator to estimate your monthly payments and your debt repayment schedule. Look at how long it will take you to pay off a debt consolidation loan, what your monthly payments will be, and how much you will end up spending on interest.

From there, you can decide if a debt consolidation loan is right for you. Ideally, you want a loan that allows you to pay less interest than what you are currently paying. However, if you need to reduce your monthly payment, this might not be possible. Making sure you can pay your monthly payments and that you don’t fall behind should be your first priority – after that, look to minimize the fees you pay.

6. Apply for debt consolidation loans

Once you’ve narrowed down your options to a list of lenders who offer what you need for a debt consolidation loan, start applying. You can apply to multiple lenders to compare the best rates, but you’ll want to do it in a short period of time.

Multiple loan applications over a short period are usually consolidated into one application on your credit report, which will minimize the potentially negative impact on your credit.

If you are not eligible for any debt consolidation loan, you may also want to consider getting a personal loan with a co-signer. This can help you qualify if your co-signer has good credit, but they’ll also be responsible if you don’t pay off your loan.

7. Close the loan and set up automatic monthly payments

When you are approved for a debt consolidation loan, you close the loan. The lender may pay off all of your debts directly or deposit the loan amount into your account, in which case you will want to pay off all of your balances immediately. Check back later to make sure all your account balances are zero.

Setting up automatic monthly payments with your new loan is a great way to make sure you don’t miss any payments. Some lenders even offer discounts for setting up automatic payment.

Now that you understand the process, you can begin to find the right debt consolidation loan for your needs.

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Court renders judgments against several defendants in CFPB debt relief action Thu, 11 Mar 2021 06:07:49 +0000 On December 15, the U.S. District Court for the Central District of California Between final judgment against two defendants (defendants) and a default judgment against another defendant (defaulting defendant) in an action brought by the CFPB alleging that the defendants (and others not subject to these judgments) have billed thousands of customers approximately $ 11.8 […]]]>

On December 15, the U.S. District Court for the Central District of California Between final judgment against two defendants (defendants) and a default judgment against another defendant (defaulting defendant) in an action brought by the CFPB alleging that the defendants (and others not subject to these judgments) have billed thousands of customers approximately $ 11.8 million in upfront charges in violation of the Telemarketing Selling (TSR) rule. As previously covered by InfoBytes, in July, the CFPB filed a lawsuit against the defendants, another company, its two owners and four lawyers, alleging that the companies would market its debt relief services to clients over the phone, encouraging those with private loans to register with a lawyer to reduce or eliminate their student debt. The companies allegedly charged the fee before the customer made at least one payment on the amended debts, in violation of TSR’s prohibition on requesting or receiving advances for debt service or, for some defendants, l ‘TSR’s ban on providing substantial assistance to someone who charges the illegal fees. In August, the court approved final judgments made with one of the owners of the other company and three of the lawyers. In December, the court issued a default judgment against the other company and another owner (previous InfoBytes coverage was available here).

The final judgment permanently prohibits the defendants from engaging in any debt relief or telemarketing service of any consumer financial product or service. In addition, the court issued a suspended judgment of over $ 11 million in damages, which will be settled by a payment of $ 5,000 (due to inability to pay) and each defendant is required to pay a civil fine. $ 1 at the office. A liability of nearly $ 5 million was incurred by default judgment against the defaulting defendant and a civil pecuniary fine of $ 5 million.

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FAMU Welcomes Debt Relief, Dailey Calls On Congress To Extend Aid: “Much More Needed” Thu, 11 Mar 2021 06:07:49 +0000 New COVID-19 relief: No more stimulus checks and unemployment benefits Lawmakers struck a nearly $ 900 billion COVID-19 relief deal, including another round of stimulus checks and unemployment benefits for struggling Americans. Staff Video, USA TODAY Tallahassee officials are celebrating a debt cancellation program included in a massive congressional spending bill that offers $ 111 […]]]>

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Tallahassee officials are celebrating a debt cancellation program included in a massive congressional spending bill that offers $ 111 million in aid to Florida A&M University. But Mayor John Dailey is calling on Congress for more help navigating the coronavirus pandemic.

FAMU was one of many HBCUs that received total funding of $ 1.34 billion through the HBCU Capital Finance Loan. Locally, this translated to $ 56 million in construction finance and $ 55 million in refinanced housing bonds.

“This is a game-changer for HBCUs. This is an unprecedented gift for FAMU and it comes during a very difficult year, ”said FAMU President Larry Robinson in a statement. “We are extremely grateful to our supporters in Washington for developing this stimulus legislation.”

In 2019, FAMU borrowed $ 126 million from the HBCU Capital Finance program to build new dormitories and refinance the debt of its residences.

The legislation, the Omnibus Appropriations and Emergency Coronavirus Relief Act, also brings the biggest expansion in a decade to the Pell Grants program and restores the eligibility of incarcerated people. It also simplifies the Free Application for Federal Student Aid (FAFSA).

US Congressman Al Lawson D-Tallahassee said debt relief is an opportunity for HBCUs across the country to make a fresh start.

“I am proud to have worked with my colleagues in the House and Senate to eliminate federal debt, not only to FAMU, but to all HBCUs that have been hit hard by the coronavirus pandemic,” Lawson said in a statement. “As COVID-19 has severely affected the higher education community, especially low-resource HBCUs, we felt that canceling their debt would give them a fresh start and allow them to focus more resources on education. student education. “

Hours before Congress passed the $ 900 billion spending bill, Tallahassee Mayor John Dailey urged the city’s Congressional delegation to approve a federal COVID-19 relief component that would provide $ 600 in checks to many Americans.

“This help is welcome and needed, but much more is needed,” Dailey wrote. “A one-time relief check of $ 600 / per person only scratches the surface of the need. “

President Donald Trump agreed on Tuesday and called the relief plan a “disgrace” and called for direct relief of at least $ 2,000.

to play

COVID-19: President Trump denounces new relief bill, demands changes

President Trump has denounced the new COVID-19 relief plan he is expected to sign and urged congressional leaders to make several changes to the bill.

Staff Video, USA TODAY

The relief plan is also light on direct aid to local governments, which have been hammered by revenue losses due to the pandemic.

Dailey cited the 12,000 overdue utility customers on their bills, noted that local governments spent about $ 10 million on direct relief and the city suffered a $ 20 million shortfall.

Following: ‘What’s to come is much more serious’: evictions caused by COVID could be the next crisis for Tallahassee

He noted that cities and counties with less than 500,000 inhabitants had not received any federal relief. Only 36 municipalities received direct aid, he said.

“Cities and counties have proactively and creatively responded to the needs of our communities, but it’s unclear how long we will be able to maintain this posture without additional relief,” Dailey wrote. “Simply put, I call on Congress to pass a relief bill equal to needs. Anything less will delay our national recovery and unnecessarily prolong the suffering. “

Contact Karl Etters at or @KarlEtters on Twitter.

Never miss a story: subscribe to the Tallahassee Democrat using the link at the top of the page.

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The IMF-World Bank ‘Debt Relief’ Fraud for Poor Countries Thu, 11 Mar 2021 06:07:49 +0000 As the economic effects of the COVID pandemic swept across the world in March and April, the air was filled with promises that the poorest countries would receive aid and debt relief for face a crisis that threatened to plunge millions of people, especially children, into the most abject poverty. In April, the Managing Director […]]]>

As the economic effects of the COVID pandemic swept across the world in March and April, the air was filled with promises that the poorest countries would receive aid and debt relief for face a crisis that threatened to plunge millions of people, especially children, into the most abject poverty.

In April, the Managing Director of the International Monetary Fund, Kristalina Georgieva, announced immediate relief from the IMF debt owed by 25 countries. She said the move would help “our poorest and most vulnerable members” channel scarce resources into emergency and related medical measures.

In March, the United Nations appealed to the G20 to organize a $ 2.5 trillion relief plan to deal with the pandemic.

Six months later, these statements read like a cruel joke. A series of reports make it clear that while trillions of dollars have been provided to big business and the financial system, helping the world’s most vulnerable people amounts to next to nothing.

Composite created by WSWS

A report written by London journalist Peter Goodman and published in the New York Times on November 1, noted that in April, the IMF and the World Bank “vowed to spare poor countries from despair.” Their economists warned that “immense relief was needed to avert humanitarian catastrophe and profound damage to global prosperity.”

Poorer countries have been hit by the drop in remittances sent by migrant workers, the virtual halt in international tourism, the decline in world trade and, in some cases, the drop in the price of oil.

The Times the article concluded that the IMF and World Bank “have failed to translate their concern into meaningful support,” even with the World Bank estimating that by next year the pandemic could plunge 150 million people. people in extreme poverty, defined as living on less than $ 1.90 per day. , the first increase in more than two decades.

According to the bank, between 9.1% and 9.4% of the world’s population live in conditions of extreme poverty. Almost 25 percent of the world’s population receive less than $ 3.20 a day and 40 percent, or nearly 3.3 billion people, receive less than $ 5.50 a day.

The Times The article said what it called a “relatively anemic response from the IMF and the World Bank” was due in part to the “predilections” of their major shareholder, the United States. He cited remarks by US Treasury Secretary Steven Mnuchin at the two organizations’ biannual virtual meeting last month.

“It is essential that the World Bank manages financial resources wisely so as not to burden shareholders with premature calls for new financing,” he said.

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Debt relief for poor countries is not as easy as it sounds: analysts Thu, 11 Mar 2021 06:07:49 +0000 Through Marc Jones, Tom arnold LONDON (Reuters) – Some prominent sovereign creditors are reporting a tentative willingness to help poorer countries ease their debt during the coronavirus pandemic – but many are also warning that it won’t be as straightforward as it looks. FILE PHOTO: A volunteer carries food packages for distribution to vulnerable residents, […]]]>

LONDON (Reuters) – Some prominent sovereign creditors are reporting a tentative willingness to help poorer countries ease their debt during the coronavirus pandemic – but many are also warning that it won’t be as straightforward as it looks.

FILE PHOTO: A volunteer carries food packages for distribution to vulnerable residents, during a lockdown by authorities in an attempt to limit the spread of coronavirus disease (COVID-19), in Lagos, Nigeria, 9 April 2020. Photo taken April 9. 2020. REUTERS / Temilade Adelaja

Last week’s agreement by G20 governments to freeze up to 77 debt payments from the poorest countries for the rest of the year came with a warning from the World Bank chief that private investors should not not expect a “free ride”.

All are fully aware of the problem. Defaults are already starting and across Africa, where the World Health Organization warns of up to 10 million cases of coronavirus within six months, countries face a combined bill of 44 billion in debt service dollars this year alone.

Charity groups also estimate that a larger group of 121 low- and middle-income governments spent more last year on servicing their external debts than on their public health systems, now at the breaking point, making impossible to ignore the moral arguments in favor of relief.

“There is clearly a willingness on the part of (private sector) creditors to be constructive, to give a little breathing room,” said struggling debt veteran Hans Humes of Greylock Capital.

Humes was part of Heavily Indebted Poor Country initiatives in the past, and he is now involved in an Institute of International Finance (IIF) group aimed at coordinating efforts to support the private sector.

“The economic contraction has been breathtaking,” he added, not to mention that countries had to prioritize their resources to save lives.

Beyond goodwill and understanding, however, there are serious complications.

David Loevinger, managing director of the emerging markets group at fund manager TCW, said debt relief ultimately equates to debt restructuring. Restructuring is complex and usually takes much longer than the affected countries currently do.

As a result, targeted International Development Association (IDA) countries will have to decide whether to continue paying their obligations or stop spending the money on ventilators and drugs instead.

“For many IDA countries not servicing their debt will be the right decision and as a creditor we understand that and are happy to work with countries,” Loevinger said during an online panel of the ‘IIF.

“But it will be seen as a default by the credit rating agencies and it is a problem that we will have to face.”


The IIR estimates that the total amount of external debt in the G20 Debt Service Suspension Initiative countries has more than doubled since 2010 to more than $ 750 billion. Debt now averages over 47% of GDP in these countries as well, a high figure given their stage of development.

TCW’s Loevinger warned that defaults could make countries vulnerable to attacks from contentious vulture funds. In the past, there have been examples of certain funds attacking government assets or property.

Campaign groups have called for the New York and London laws that govern most sovereign debt contracts to be temporarily changed to protect governments from these risks, but even that could cause problems.

Private investors are already worried that emergency loans from the International Monetary Fund will further increase countries’ debt levels. They will also have priority for repayment in the future, leaving less money for the service of other obligations.

The suspension of traditional legal rights would also raise questions about what will happen in the next crisis, whether it is another health epidemic or the locust plagues that have recently ravaged East Africa. , the Middle East and South Asia.

Nick Eisinger, director of emerging fixed income markets at Vanguard, said the risk of driving up borrowing costs meant it was very difficult for the G20 to “force” private creditors to participate in debt relief. debt.

Even the IIR, which is leading efforts to coordinate private investor participation, says any relief in the sector should be voluntary and only considered for countries that make a formal request.

“For the moment, it would be a gesture of goodwill and not legally binding. Many countries will not want to compromise their access to the Eurobond market either, ”said Eisinger.

He felt that might not make a huge difference either. Eurobond coupon redemptions for sub-Saharan African countries this year are about $ 2.5 billion in 2020, rising to about $ 3 billion next year, but so-called principal payments are only a few hundred million.

“For me, if there is an insistence on involving private creditors, it will do a lot more damage than support because it will disrupt significant sources of private finance.”

Greylock’s Humes had an additional warning that countries should not try to use it as a quick fix for their finances.

“Countries that try to use this as a solution to longer term problems are not constructive.”

Reporting by Marc Jones and Tom Arnold; Additional Reports and Karin Strohecker; Editing by Hugh Lawson

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Pressure increases for debt relief for developing countries in the face of coronavirus | Mondial economy Thu, 11 Mar 2021 06:07:49 +0000 Calls for a comprehensive debt relief program to help poor countries cope with the coronavirus pandemic have intensified after research shows more than 60 countries are spending more to pay their creditors than they are. do for health. Ahead of a series of key meetings this week, the Jubilee Debt Campaign said it was vital […]]]>

Calls for a comprehensive debt relief program to help poor countries cope with the coronavirus pandemic have intensified after research shows more than 60 countries are spending more to pay their creditors than they are. do for health.

Ahead of a series of key meetings this week, the Jubilee Debt Campaign said it was vital to ease the growing financial pressure on poor countries by canceling their debt payments this year.

The JDC said that among the 121 low- and middle-income countries for which 2019 data was available, an average of 10.7% of government revenue was spent on public health systems, compared to 12.2% on debt payment exterior.

Of the 121 countries, 64 spent more on debt service than on public health. The JDC said there was already pressure on the budgets of poor countries even before the economic shock of Covid-19, which had resulted in falling commodity prices, huge capital flight, rising costs of future borrowing and loss of income by other means. such as remittances.

Many countries in Africa, Latin America, and some countries in the Middle East typically pay more than 10% interest on their loans, while richer countries may pay 1% or less.

Sarah-Jayne Clifton, Director of the JDC, said: “In the face of a medical emergency of the magnitude of Covid-19, it is indefensible that poor countries will have to spend more money on debt payment than on debt. Healthcare. Before this crisis hit, 64 of the poorest countries were already spending more on external debt payments than on their public health systems.

“We need urgent action from the international community to cancel debt payments from developing countries in 2020. This is the fastest way to help deliver the funding that is desperately needed to strengthen systems. of public health in the face of this unprecedented global crisis. “

The 10 countries with the largest difference between the proportion of government revenue spent on health care and the payment of external debt were Angola, Sri Lanka, Gambia, Republic of Congo, Ghana, Zambia, Laos, Lebanon, Pakistan and Cameroon. All of them spent more than 20% of public revenues on the payment of external debt in 2019.

Finance ministers will discuss debt relief at virtual meetings of the G20 group of major developed and developing countries, the International Monetary Fund and the United Nations. world Bank.

The most likely outcome would be a suspension of debt payments to other governments this year for the 76 countries classified as low income by the World Bank because they are eligible for grants and soft loans under its mechanism of the International Development Association (IDA).

However, a coalition of 200 charities and campaign groups is pushing to include the IMF, World Bank and private sector creditors in any deal.

By 2020, the 76 IDA countries are expected to spend at least $ 18.1 billion (£ 14.2 billion) to repay debt to other governments, $ 12.4 billion to multilateral institutions and 10 , $ 1 billion to external private creditors.

The IMF and the World Bank have published a joint statement last month, calling on bilateral creditors to suspend debt payments from IDA countries this year. The two organizations fear that the double impact of a simultaneous health and economic emergency will put impossible financial pressures on poor countries and precipitate a new debt crisis.

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Debt Relief for Minority Farmers Needs More Thinking, Critics Say Thu, 11 Mar 2021 06:07:48 +0000 The House Budget Committee on Monday approved estimated $ 4 billion in debt relief for minority farmers under a $ 1.9 trillion coronavirus relief program on Monday, a protesting member against the fact that the aid was unfair. The CBO said that due to incomplete data, the cost of repaying USDA loans and USDA guaranteed […]]]>

The House Budget Committee on Monday approved estimated $ 4 billion in debt relief for minority farmers under a $ 1.9 trillion coronavirus relief program on Monday, a protesting member against the fact that the aid was unfair. The CBO said that due to incomplete data, the cost of repaying USDA loans and USDA guaranteed loans held by socially disadvantaged farmers could be over or under $ 4 billion.

Supporters of the debt relief plan were not immediately available to say how many farmers would be helped. The USDA definition of socially disadvantaged farmers includes Black, Hispanic, Native American, Asian or Pacific Islander farmers and, in some cases, women. The number of black farmers has declined dramatically over the years. The USDA recognized the discriminatory treatment of black farmers in the so-called Pigford colonies of 1999 and 2010.

House Democrats plan to pass the coronavirus relief bill by the end of this week and send it to the Senate. The bill is modeled on the US relief plan proposed by President Biden. The House agriculture committee approved its $ 16 billion portion of the bill last week. The budget committee pulled together the provisions submitted by nine committees into the comprehensive $ 1.9 trillion bill and allowed a floor vote on a 19-16 vote that broke party lines.

“We should never discriminate … and it goes both ways,” said Rep. Trent Kelly, Republican of Mississippi, who criticized the debt relief proposal. “Why should your skin color be the measure or if you should get a recovery plan from the USDA?” Kelly, who voted last month to overturn Biden’s election, is also a member of the Agriculture Committee.

In the comments submitted to the Budget Committee, Republicans on House Agriculture Committee said the debt relief plan was a hasty solution when it would be “prudent to hold a hearing before enacting unapproved legislation that could have unforeseen impacts.” They wondered if there was a link between the pandemic and the financial situation of disadvantaged farmers.

House Agriculture chairman David Scott said minority farmers deserve the help because they were overlooked in the record $ 46 billion in farm subsidies last year and trade war payments in 2018 and 2019.

White farmers collected nearly 97% of USDA’s $ 9.2 billion pandemic payments from May to October 2020, said the Environmental working group, which tracks agricultural payments. The average payout to whites was $ 3,398, while black farmers averaged $ 422. A second round of coronavirus aid was launched in the fall and a third in January. In total, $ 23.8 billion was paid by the USDA.

Four Democratic members of the Senate Agriculture Committee unveiled the Colored Farmers Emergency Relief Act at the beginning of February. It was incorporated into the House Agriculture Committee’s $ 16 billion package. It provides for the payment of 120% of the outstanding debt on loans issued directly by the USDA and loans made by private lenders and guaranteed by the USDA. The extra 20% would pay taxes that would be assessed on the debt relief, say sponsors Raphael Warnock of Georgia, Cory Booker of New Jersey, Ben Ray Lujan of New Mexico and Debbie Stabenow of Michigan, the committee chair.

The relief plan also allocates $ 1 billion for access to land, “heir property” issues and legal aid to socially disadvantaged farmers.

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Delgado Bill extends corporate debt relief until February 2021 Thu, 11 Mar 2021 06:07:48 +0000 Deputy Delgado US Representative Antonio Delgado, D-19, joined the Sens yesterday. Democrats of Delaware and Maryland, Chris Coons and Ben Cardin, respectively, to introduce the Extended Small Business Debt Relief Act to extend debt relief that expires at the end of the month. until next February. Hundreds of thousands of organizations nationwide took advantage of […]]]>
Deputy Delgado

US Representative Antonio Delgado, D-19, joined the Sens yesterday. Democrats of Delaware and Maryland, Chris Coons and Ben Cardin, respectively, to introduce the Extended Small Business Debt Relief Act to extend debt relief that expires at the end of the month. until next February.

Hundreds of thousands of organizations nationwide took advantage of debt relief in its Small Business Repayment Relief Act that was part of the CARES Act, Delgado said.

“Yet it is clear from my conversations with the owners and employees of NY-19 that people need more support,” he said. The new bill allows “more entrepreneurs to access relief and further expand qualified loan payments for the hardest hit businesses.”

The Small Business Debt Relief Extension Act:

  • Extend debt relief payments for all small businesses with an SBA-backed loan for five months, until February 2021. This includes 7 (a) loans, 504 loans, and microloans.
  • Provide an additional seven months of debt relief to very vulnerable businesses, including all those benefiting from a community benefit or microcredit and those benefiting from a regular 7 (a) or 504 loan that operate in the most vulnerable sectors. hardest hit by the pandemic: educational services; arts, entertainment and recreation; accommodation and catering services; and charter buses.
  • Extend the availability of debt relief on new SBA loans for a full year, to include those approved until September 2021. This will provide a continued incentive for small business growth and job creation across the board. sectors.
  • Make sure the debt relief benefit is not associated with any tax liability for the participating businesses.
  • Improve the integrity and transparency of the program, by increasing the reporting required by the SBA to Congress and communication with borrowers.
  • Does not require any new spending from Congress as it will use funds already allocated under the CARES Act.

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IMF board approves financing plan to pave way for Somali debt relief Thu, 11 Mar 2021 06:07:48 +0000 WASHINGTON (Reuters) – The board of directors of the International Monetary Fund has approved a financing plan that will help the IMF cover its share of debt relief for Somalia, IMF Managing Director Kristalina Georgieva said on Wednesday, in a press release. The financing plan includes cash grants from member countries and internal IMF resources, […]]]>

WASHINGTON (Reuters) – The board of directors of the International Monetary Fund has approved a financing plan that will help the IMF cover its share of debt relief for Somalia, IMF Managing Director Kristalina Georgieva said on Wednesday, in a press release.

The financing plan includes cash grants from member countries and internal IMF resources, she said, without providing further details on the financial package. These funds will be used to clear Somalia’s arrears to the IMF.

“This marks a critical step in helping Somalia advance the process of normalizing relations with the international community and moving towards debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative,” Georgieva said.

A decision to release debt relief could be taken as soon as members provide the necessary financial commitments, assuming the Somali government continues its reform efforts, she added, without giving a specific date.

The African nation has an external debt of around $ 5 billion, representing around 100% of its GDP, which the Fund has declared unsustainable.

Somali Finance Minister Abdirahman Duale Beileh welcomed the news in a Twitter post, adding: “We are grateful to all partners for their continued support on our journey towards debt cancellation. We will continue with economic reforms.

Beileh cited positive discussions with the United States, Somalia’s biggest creditor, Britain and others at annual IMF and World Bank meetings in October, and said he expected a decision in favor of debt relief in February.

Georgieva on Wednesday described Somalia’s debt relief as a priority for the Fund and said she was encouraged by the support of IMF members on the issue.

Debt relief “would help unlock significant new financial resources to meet Somalia’s great development needs and poverty reduction,” she said.

Reporting by Andrea Shalal; Editing by Chris Reese and Nick Zieminski

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