Prime Minister Imran Khan emphasized on developing countries’ ability to cope with the COVID-19 challenge will rely on the provision of immediate debt relief, at their request and without onerous terms.
He shared his opinions during his telephonic conversation with German Chancellor Angela Merkel.
The Prime Minister underscored that COVID-19 had unfolded intense global health and economic crisis that would affect developing countries more seriously because of a lack of fiscal space and debt servicing.
Imran Khan said that the people in the developing world faced a starker choice: death by COVID-19 or by hunger. He hoped that countries like Germany would guide on the issue alongside the UN Secretary-General at the upcoming G-20 Finance Ministers Meeting as well as the IMF and World Bank Spring Meetings.