The Government of Pakistan had entered into negotiations with 21 creditor countries for debt suspension amounting to $1.7 billion.
The G20 countries, together with the Paris Club creditors had announced a Debt Service Suspension Initiative (DSSI) to provide much-needed fiscal space to stressed countries in their fight against the COVID. According to an official statement issued by the Economic Affairs Ministry, the Government of Pakistan successfully negotiated and concluded rescheduling agreements with 19 bilateral creditors, including members of the Paris Club. Debt rescheduling agreements were signed with France, Switzerland, and China.
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