UN proposes suspension of debt repayments, restructuring loans


ISLAMABAD 

In the aftermath of the most devastating floods Pakistan has ever seen, the United Nations has proposed suspending all of its international debt repayments and restructuring loans with creditors. 

The UN Development Program (UNDP) has prepared a memorandum that it plans to share with the government, proposing a suspension of all international debt repayments and restructured loans with creditors, according to the Financial Times.

The country is already…



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Written by Bourbiza Mohamed

I have 26 years of experience as a professional writer and editor and have been working as a full time freelancer since 2011. I am originally from Casablanca, Morocco, and I graduated from Qatar University with a degree in journalism. I have worked for newspapers, magazines, news agencies, websites. I speak fluent Arabic, French, English, Russian and Spanish.

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