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PM to approach UN to write off corona-hit developing nations debts

PM to approach UN to write off corona-hit developing nations debts
April 12, 2020
ISLAMABAD (92 News) – Prime Minister Imran Khan has decided to approach the UN to write off corona-hit developing nations debts on Sunday. According to the sources in his video message broadcasted shortly, the prime minister will describe the inability of the developing countries to repay debts amid the novel coronavirus outbreak. Appealing to waive off the debts, Imran Khan has to describe that the developing states are not able to pay the debts and tackle the pandemic at the same time. The sources also said that PM Khan will also request from the World Bank and International Monetary Fund (IMF) for writing off or decreasing the debts of the poor countries. The premier will send a letter to UN Secretary General António Guterres, besides a video message with the same appeal. In his letter, PM Imran Khan would call for rescheduling the debt repayments for the developing countries, giving a reasons that the nations are busy in fight against the fast-spreading infections. Earlier, wWarning about new coronavirus devastation to developing nations, Prime Minister (PM) Imran Khan warned richer economies that they should wave off the debts of the world’s developing countries including Pakistan. In an interview with American news agency The Associated Press, the prime minister also expressed his feared that the novel coronavirus may destroy the economy of the developed nations. He asked the richer countries to prepare to write off the debts of the world’s poorer nations. “If new coronavirus spreads, we will all unable to tackle this virus due to our health facilities,” Imran Khan said. “It’s not just Pakistan. I would imagine the same in India, in the subcontinent, in African countries,” he added. “My worry is poverty and hunger. The world community has to think of some sort of a debt write-off for countries like us, which are very vulnerable, at least that will help us in coping with the coronavirus,” the premier expressed his reservations.