The G20 countries, together with the Paris Club creditors had announced aDebt Service Suspension Initiative (DSSI) to provide much needed fiscalspace to stressed countries in their fight against COVID-19.
The Government of Pakistan, taking advantage of this initiative, enteredinto negotiations with 21 creditor countries for debt suspension amountingto US$ 1.7 billion.——————————
The Government of Pakistan has successfully negotiated and concludedrescheduling agreements with 19 bilateral creditors, including members ofthe Paris Club. Debt rescheduling agreements were signed today with France,Switzerland, and China by the Economic Affair Division at Islamabad. Thesigning ceremony was witnessed by senior embassy officials of thesecountries.
On this occasion, the Secretary of Economic Affairs Division appreciatedthe debt suspension support provided by the G20 and Paris Club countries.He said, it was timely and had helped Pakistan save lives and livelihoodsof millions during the difficult COVID-19 times.
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