Flood-hit Pakistan should suspend debt repayments, says UN memo ...Middle East

Daily Sun - News
Flood-hit Pakistan should suspend debt repayments, says UN memo
PAKISTAN should suspend international debt repayments and restructure loans with creditors after recent floods added to the country's financial crisis, the Financial Times reported on Friday, citing a UN policy memo.The memorandum, which the UN Development Programme will share with Pakistan's government this week, states that the country's creditors should consider debt relief so that policymakers can prioritise financing its disaster response over loan repayment, the newspaper said.Pakistan has earlier estimated the damage at $30 billion, and both the government and U.N. Secretary-General Antonio Guterres have blamed the flooding on climate change.The memo further proposed debt restructurin

Hence then, the article about flood hit pakistan should suspend debt repayments says un memo was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Flood-hit Pakistan should suspend debt repayments, says UN memo )

Apple Storegoogle play

Last updated :

Also on site :