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PM seeks debt relief for poorer nations amid pandemic

Daily Times April 27, 2021 Prime Minister Imran Khan has urged the international community to extend debt relief to developing nations and facilitate their recovery from the Covid-19 crisis. Addressing the virtual session of the United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP) on Monday, the prime minister said that there is a dire need to mobilise adequate financing for poorer nations. “For the developing countries, the debt issue must be addressed in a fair and sustainable manner. With my ‘Global Initiative on Debt Relief’, Pakistan has been advocating this cause on all world forums,” PM Khan said, adding that his administration was implementing fiscal reforms in Pakistan as well. The prime minister emphasised the need for collective national actions, regional collaboration, and multilateral cooperation to meet adverse impacts of Covid-19. He suggested four key areas of focus to meet the challenge.

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