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FILE PHOTO: George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken, March 31, 2020. REUTERS/Dado Ruvic/Illustration
WASHINGTON (Reuters) -The United States on Tuesday urged China and the private sector to increase their participation in a G20 debt moratorium for low-income countries hammered by the COVID-19 pandemic, and a common framework for restructuring their debts.
A senior U.S. Treasury official said Washington was open to expanding the common framework for debt treatment agreed by the G20 and the Paris Club beyond just low-income countries to include small island states, fragile states and even some lower middle-income countries with high debt burdens.
Foreign Ministry Spokesperson Wang Wenbin s Regular Press Conference on July 7, 2021 — Embassy of the People s Republic of China in the United States of America
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How rich countries can help Africa respond to the third wave of COVID-19
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July 6, 2021
KARACHI: Pakistanâs public debt rose by Rs2.89 trillion or 8.23 percent in 11 months of the fiscal year ended June 30, the central bank data showed on Monday, due to increased government borrowing to meet the spending requirements during the coronavirus pandemic, and higher interest payments.
The central governmentâs debt stood at Rs37.997 trillion at the end of May 2021. The debt amounted to Rs35.107 trillion in the period ended June 2020.
The debt increased by 10.17 percent year-on-year in May. It was Rs34.489 trillion in the period ended May 31, 2020.
Fiscal Responsibility and Debt Limitation (FRDL) Act 2005 defines âTotal Public Debtâ as debt owed by the government (including federal government and provincial governments) serviced out of consolidated fund and debts owed to the International Monetary Fund.
A new partnership for the future
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