Pakistan dials China, seeks global debt relief for developing nations
4 years, 11 months ago

Pakistan dials China, seeks global debt relief for developing nations

Deccan Chronicle  

Islamabad: Pakistan Foreign Minister Shah Mahmood Qureshi called his Chinese counterpart Wang Yi to seek China's support for a global initiative to give debt relief to developing countries fighting the novel coronavirus pandemic. The Group of 20 nations announced support Wednesday for a temporary halt to debt payments by the world's poorest nations as they struggle to deal with the coronavirus pandemic. Finance ministers of the G-20 group of major economies, which includes the US, China, India and others, said they will immediately put on hold poor countries' obligations to service debt they owe. Qureshi during his call to Wang underscored that Pakistan and China are All-Weather Strategic Cooperative Partners and have preserved the fine tradition of solidarity, mutual assistance and mutual support and thanked China for extending solidarity and moral and material support to Pakistan in the wake of outbreak of COVID-19.

History of this topic

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