Pakistani PM calls for additional debt relief measures for developing countries amid COVID-19 – Xinhua | English.news.cn – Xinhua

Video PlayerClose ISLAMABAD, Sept. 26 (Xinhua) — Pakistani Prime Minister Imran Khan called on developed countries and international money lenders to extend and expand debt suspension for developing countries in order to help them recover from the COVID-19 pandemic. Debt relief is one of the best ways to create needed fiscal space for developing countries,…

Restructuring and insolvency practitioners brace for ‘tsunami of insolvencies’ – International Financial Law Review

It quickly became obvious, as countries began to enter into lockdown and many companies were forced to suspend their operations, that a tsunami of insolvencies was likely to follow in those jurisdictions which had been hardest hit by Covid-19, particularly in the event of a second wave of the disease. Some businesses saw their cashflows…