The Prime Minister Imran Khan urged the G20 states and the world economic bodies to grant debt relief to developing countries for at least 1 year as their economies have been hit hard by the COVID-19.
The Premier urged in his virtual address at the Financing for Development summit at UN headquarters in New York, the rich countries to set up special fund amounting to $500 billing to mitigate the problems being faced by the developing countries due to the coronavirus.
The Prime Ministr Imran Khan emphasized the need to create a UN Infrastructure Investment Facility to mobilize an additional 1.5 Trillion dollars annually in the developing countries as the International Monetary Fund estimates that developing countries will require an additional 2.5 Trillion dollars to recover from coronavirus-induced contraction.
The coronavirus pandemic has badly damaged the economies of the poor nations and urged the international economic bodies to play their role for the debt relief. The PM Imran Khan said
The credit rating of the developing countries should not be affected due to the relief, The threat of coronavirus is still looming over the world, PM Imran said and added, “No one is safe from the coronavirus until everyone is not safe.”
The Prime Minister Imran Khan further added that, Despite difficulties, the Pakistan government launched a relief package worth Rs.8 billion for the masses during the COVID-19 pandemic, He said that the country adopted a smart lockdown policy to contain the spread of the COVID-19 in the country.
Pakistan overcame the COVID-19 pandemic due to the effective measures, PM Imran Khan said.
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