PM calls for debt relief for poorest countries amid pandemic

Prime Minister Imran Khan urged the international community to extend debt relief to developing countries and facilitate their exit from the Covid-19 crisis.

Addressing the virtual session of the United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP) on Monday, the prime minister said there was a critical need to mobilize adequate funding for the poorest countries. poorer.

“For developing countries, the debt issue must be dealt with in a fair and sustainable manner. With my “Global Debt Relief Initiative” Pakistan has championed this cause in all world forums, “Prime Minister Khan said, adding that his administration was also implementing tax reforms in Pakistan. The Prime Minister stressed the need for collective national actions, regional collaboration and multilateral cooperation to deal with the adverse effects of Covid-19. He suggested four key areas for meeting the challenge.

He said: “We need to put people at the forefront of pro-poor and inclusive policies and we need to strengthen public health and social protection systems. These have been the main goals for us in Pakistan. “

The Prime Minister said that peace and development must be rooted in human rights, which must be universally respected and protected. The international community must pay particular attention to situations of foreign occupation. He said: “By rebuilding, we have the opportunity to model our economies on more resilient and sustainable foundations.” Ambitious climate action is a way forward, he said, and Pakistan is therefore implementing green growth policies. Imran Khan said it was absolutely necessary to mobilize adequate financing for development. The Prime Minister said: “It is only through strengthened regional and international cooperation that we can reopen safely and sustainably, starting with equitable access to affordable vaccines for all.”

Prime Minister Khan is among several heads of state, senior officials and stakeholders from the Asia-Pacific region attending the 77th UN-ESCAP, which takes place from April 26-29, to take stock of the impact socio-economic impact of COVID This is not the first time that the Prime Minister has called on international stakeholders for urgent debt relief for developing countries in order to better cope with the economic fallout from the coronavirus pandemic. In April of last year, he said he feared people in developing countries could starve to death due to Covid-19 lockdowns. A few months later, in November, the G20 countries approved a plan to extend the freeze on official debt payments of poorer countries, including Pakistan, until mid-2021 and supported a common approach. to deal with debt problems.

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