Pakistan and Egypt are set to lead the launch of a new Borrowers’ Platform aimed at strengthening the collective voice of debt-stressed countries. The initiative comes amid rising concern over mounting debt pressures across developing economies.
ISLAMABAD: Pakistan and Egypt are set to spearhead the launch of a new Borrowers’ Platform, an initiative aimed at giving heavily indebted countries a stronger collective voice as debt-related pressures continue to weigh on developing economies.
According to the report, the platform is being introduced as many low- and middle-income countries face growing repayment burdens, tighter financing conditions and increasing pressure on public finances. The initiative is intended to help borrowing…