UNITED NATIONS: Prime Minister Imran Khan joined UN Secretary General Antonio Guterres on Monday in urging creditors to provide debt suspension, relief and liquidity to help developing nations cope with the negative economic impact of the Covid-19 pandemic. The prime minister, who made the opening statement at a special segment of the UN Economic and…
UNITED NATIONS: Prime Minister Imran Khan joined UN Secretary General Antonio Guterres on Monday in urging creditors to provide debt suspension, relief and liquidity to help developing nations cope with the negative economic impact of the Covid-19 pandemic. The prime minister, who made the opening statement at a special segment of the UN Economic and…
Imran Khan-led Pakistan government is expected to get another $1 billion relief in loans this year from the G20, reported the Express Tribune. Pakistans Economic Affairs Ministry said the relief would be covered under the third phase of the G20s Debt Service Suspension Initiative. The Islamic Republic will receive this debt relief under the third…
The idea of forgiving debt held by poor countries in exchange for green investments gained ground this week during the spring meetings of the IMF and World Bank, with concrete proposals expected in time for a global climate summit this fall. Low-income countries face a double crisis they are under pressure to pay down their…
Print this page About GDMF The Government Debt Management Function was established in 2017 to provide strong functional leadership at the centre of government, with the right technical expertise. Our vision is to create fair debt outcomes for all. Good debt management is a key part of achieving the governments objectives for fiscal policy. When…
Save the Children welcomes the G20s efforts to respond to the economic crisis caused by the COVID-19 pandemic, including vital support for the worlds poorest countries. However, with 35 low-and-middle-income countries continuing to spend more on debt payments than on healthcare for their people, the organisation remains extremely concerned about the lack of debt relief…
File photo taken on Nov 19, 2020 shows the media center of the Group of 20 (G20) in Riyadh, Saudi Arabia. [Photo/Xinhua] Some developing countries still struggling to combat the COVID-19 pandemic have been granted more time to stave off the economic effects after the G20 group of the world’s largest economies extended its offer…
Kristalina Georgieva said the IMF was considering proposals to ensure climate vulnerable middle-income nations receive support to build back better from Covid-19 The head of the International Monetary Fund has urged rich nations to reconsider the criteria for developing countries to access international finance, saying vulnerability to climate shocks should be taken into account. At…
The new initiative would focus on systematically changing whole economies, a source tells Reuters. The World Bank and the International Monetary Fund (IMF) are planning to launch a platform to advise poor countries on funding climate and conservation activities, amid a broader push that could link such spending to debt relief, according to a draft…
By Marc Jones 5 Min Read LONDON (Reuters) – Debt experts, charity groups and investors welcomed news on Wednesday that the worlds poorest countries will get new IMF funds and COVID-19 debt relief, but they also cautioned that for some it would still only be a band-aid solution. Pedestrians walk in Buenos Aires’ financial district,…