21 C
Islamabad
Tuesday, September 22, 2020

UN Supports Imran Khan’s Global Initiative On Debt Relief

Must Read

Africa To Get $57 Billion From Official Creditors In 2020

WASHINGTON - Africa To Get $57 Billion From Official Creditors In 2020. The International Monetary Fund and World Bank,...

PM Khan Welcomes Global Debt Relief Efforts By G20

ISLAMABAD - PM Khan Welcomes Global Debt Relief Efforts By G20. Prime Minister Imran Khan, on Thursday, appreciated the...

Pakistani Steel Manufacturers To Operate in North America

ISLAMABAD - Pakistani Steel Manufacturers To Operate in North America. The State Bank of Pakistan SBP, on Friday, has...

NEW YORK – UN Supports Imran Khan’s Global Initiative On Debt Relief. UN Secretary-General Antonio Guterres has supported Prime Minister Imran Khan’s call for a global initiative on debt relief. The call is to provide debt relief for the developing countries in wake of economic meltdown generated by the coronavirus pandemic

According to details, spokesman of the UN Secretary-General, Stephane Dujarric announced this in a news conference in New York. He said that PM Imran Khan’s initiative is in the same spirit as the Secretary-General’s own position.

UN Chief believes that debt relief must be an important part of the COVID-19 response. Including immediate waiver on interest payments for the current year. It is important that the limited resources of the world’s poorest countries must be used to combat COVID-19 virus.

Meanwhile, Prime Minister Imran Khan on Sunday appealed for the ‘Global initiative on debt relief’. The prime minister cautioned that the pandemic’s socio-economic impacts would be more consequential in the developing countries.

The proposed global initiative aimed to lay the ground for urgent debt relief to the developing countries. This will be at their request, and without onerous conditionality’s. Khan also urged world leaders to step up measures to help developing countries to overcome the pandemic.

He proposed that the developing countries should be provided with fiscal space and financial relief through enhanced debt relief and restructuring and other additional measures that could help them manage the unfolding crisis.

UN Supports Imran Khan’s Global Initiative On Debt Relief.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Africa To Get $57 Billion From Official Creditors In 2020

WASHINGTON - Africa To Get $57 Billion From Official Creditors In 2020. The International Monetary Fund and World Bank,...

PM Khan Welcomes Global Debt Relief Efforts By G20

ISLAMABAD - PM Khan Welcomes Global Debt Relief Efforts By G20. Prime Minister Imran Khan, on Thursday, appreciated the debt relief measures taken by...

Pakistani Steel Manufacturers To Operate in North America

ISLAMABAD - Pakistani Steel Manufacturers To Operate in North America. The State Bank of Pakistan SBP, on Friday, has allowed International Industries Limited (ILL)...

UN Warns Thousands Of Child Deaths Due To Economic Downturn

NEW YORK - UN Warns Thousands Of Child Deaths Due To Economic Downturn. The United Nations, on Thursday, warned that hundreds of thousands of...

Apple Launches New iPhone For Low-Budget Users

SAN FRANCISCO - Apple Launches New iPhone For Low-Budget Users. The tech giant Apple, on Wednesday, unveiled a new entry-level iPhone. It aims to appeal...
- Advertisement -

More Articles Like This

- Advertisement -