The Prime Minister says that rich countries need an increase of Rs. 500 billion

Prime Minister Imran Khan on Tuesday proposed three major measures to address the challenges of Quaid-e-Azam, the first of which was the extension of the G20 debit service suspension by at least another year.

The Prime Minister says that rich countries need an increase of Rs. 500 billion

"The request for tolerance under this measure should not affect the country's reputation rating, as it is a forcible deterioration, not an injustice," he said. “The high-level meeting said in its virtual statement on "Financing for Development Code 19 and beyond".

Third, he continued, other short-term measures, which could cover both public and private lenders: exchange of loans for health, climate and SDGs. Behind buying a loan; Profitable loan again And regional resilience funds.

One of the fastest ways to create financial space for developing countries is to get rid of debt. So, in April, I called for global action to get rid of the debt, "he said. After that, Pakistan discussed the issue at the United Nations, and your move. Collaborated with Debt Variability Discussion Group.

Imran said, "I welcome the extensive 'option menu' that identifies each of the six groups. We should prioritize steps that could have a significant impact and be implemented soon." Investment in sustainable infrastructure will be the key to sustainable economic recovery and rehabilitation of the SDGs.

"We need to help developing countries invest an additional 1.5 1.5 trillion a year in UN infrastructure." The IMF estimates that developing countries will need an additional 2.5 2.5 trillion to recover from code-affected shrinkage. "Wealthy countries should support the creation of at least 500 500 billion in special drawing rights and the reintroduction of unused SDRs in developing countries.

How must epidemic recovery be necessary and equitable? We must break the shackles of poverty and inequality. "This epidemic is causing extraordinary human suffering," he said.

Controlling the virus is essential to dealing with both health and economic emergencies. In Pakistan, our 'smart lockdown' strategy has fortunately stopped the spread of the virus. Still, we are not disappointed. No one is safe unless everyone is safe. I hope a vaccine will be available soon. "Everyone, everywhere, for the global population, should have access to appropriate and affordable vaccines," he said.

The crisis in Kuwait has led to the worst recession since the Great Depression of the 1930s. As always, the poorest countries and the poorest people are most affected. Despite our economic constraints, we are taxing more than $ 8 billion to protect the poor and keep the economy growing.


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