Tagged: debt relief
This Pakistan Development Forum meeting was a rare chance for donors to think outside the box for solutions to tackle some fundamental issues thrown up by the floods – one of the most devastating natural disasters this country has ever seen.
International development organizations Oxfam, Plan, Eurodad and Concern Worldwide called today on EU leaders, meeting tomorrow for the first time to examine Europe’s role as a global power, to shift gear in their response to Pakistan.
The IMF will issue a $450 million loan to Pakistan which risks plunging Pakistan into debt that it can ill-afford. Oxfam is calling for the cancellation of all multilateral and bilateral loans to Pakistan, and for debt relief to be given on emergency assistance from the IMF.