Qureshi calls on Chinese counterpart to seek support for global debt relief initiative: The Tribune India

Islamabad, April 16

Pakistani Foreign Minister Shah Mahmood Qureshi called on his Chinese counterpart Wang Yi to seek China’s support for a global initiative to ease the debt of developing countries battling the novel coronavirus pandemic.

The Foreign Ministry said in a statement on Wednesday that Qureshi stressed that COVID-19 was having a devastating impact on the global economy and that its consequences were far more serious than the Great Depression.

“The impact on developing countries would be most serious,” he said, adding that with these factors in mind, Prime Minister Imran Khan called on the world community to work for the relief. debt of developing countries.

The foreign minister asked for China’s support for the initiative, including the G-20 platform.

The Group of 20 nations on Wednesday announced its support for a temporary halt to debt payments by the world’s poorest nations as they struggle to cope with the coronavirus pandemic.

Finance ministers from the G-20 group of major economies, which include the United States, China, India and others, have said they will immediately suspend the obligations of poor countries to repay their debt.

Qureshi during his appeal to Wang stressed that Pakistan and China are strategic cooperation partners in all weather and have preserved the fine tradition of solidarity, mutual assistance and mutual support and thanked China for provided solidarity and moral and material support to Pakistan in the aftermath of the epidemic. of COVID-19.

Qureshi said the generous donations and assistance sent by China to Pakistan to contain the coronavirus are greatly appreciated by Pakistan and its people.

Wang thanked him for contacting China and assured that China will support the initiative in the G-20 as well as in other relevant forums.

He said COVID-19 posed a great danger to the global economy and stability and that coordinated and equitable efforts were needed to deal with its consequences.

He also claimed that during President Arif Alvi’s recent visit to China, Pakistani and Chinese leaders reached consensus to jointly fight COVID-19.

The novel coronavirus, which originated in central China’s Wuhan city in Hubei province late last year, has so far killed more than 120,000 people worldwide. —PTI

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