Flood-hit Pakistan should suspend debt repayments, says UN paper - FT

Flood-hit Pakistan should suspend debt repayments, says UN paper - FT
# 23 September 2022 11:38 (UTC +04:00)

Pakistan should suspend international debt repayments and restructure loans with creditors after recent floods added to the country's financial crisis, according to a UN policy memo, APA reports citing the Financial Times.

The memorandum, which the UN Development Programme will share with Pakistan's government this week, states that the country's creditors should consider debt relief so that policymakers can prioritise financing its disaster response over loan repayment, the newspaper said.

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THE OPERATION IS BEING PERFORMED