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SPEAKING OF THE G20 — Former Treasury Secretary Larry Summers will be in Venice as well “setting out recommendations for how to finance future pandemic preparedness. Summers, along with former finance ministers Ngozi Okonjo-Iweala and Tharman Shanmugaratnam are co-chairs of the High Level Independent Panel – commissioned by the G20 earlier this year to come up with a set of actionable solutions. … You can read the report here when it’s out later today
Since the Great Recession in the US more than a decade ago, different states have made significant cuts to higher education spending. Colleges and universities responded to the cuts by increasing tuition and began recruiting and admitting more high-paying international students.
Developing country debt will be on the agenda when the Group of 20 finance ministers and central bank chiefs meet in Venice July 9 to 10. The G-20 last year coordinated an agreement to suspend interest payments that poor countries owed government creditors. After being extended twice, that deal will expire at the end of the year and be replaced by a broader debt restructuring plan called the Common Framework.