Pakistan and Ethiopia want enhanced measures to reboot developing economies

Pakistan and Ethiopia want enhanced measures to reboot developing economies.
The two countries agreed to evolve plan on debt relief issues during telephonic conversation of the Prime Ministers.

While talking to his Ethiopian counterpart Abiy Ahmed Ali over telephone today (Monday), Prime Minister Imran Khan underscored that developing countries are facing the twin challenge of containing the Coronavirus and staving off hunger due to loss of livelihoods.

Pakistan and Ethiopia want enhanced measures

He also emphasized that while debt suspension will help free up resources, enhanced measures also remain needed to reboot the developing economies.

The Prime Minister conveyed Pakistan’s solidarity with the government and people of Ethiopia.

He also commended their effective measures to control the spread of COVID-19.

Their discussion focused on debt relief matters, including Prime Minister Imran Khan’s ‘Global Initiative for Debt Relief’ for developing countries in the context of the COVID-19 pandemic.

PM Khan noted a global recession imminent. He said   that developing countries would need a combination of additional measures to meet urgent financial requirements.

Moreover, he said they would need it to sustain growth, and strengthen fragile health systems as well as to save lives and provide social protection to those below the poverty line.

Meanwhile, the two leaders agreed on the importance of working together, along with the UN Secretary General and other stakeholders, to evolve a comprehensive plan on debt relief issues.

Prime Minister Imran Khan reiterated his invitation to Prime Minister Abiy to visit Pakistan at the earliest convenience.

GTV