When PMIK Speaks, World Listens. Pakistan included in G20 debt relief plan

jani1

Chief Minister (5k+ posts)
پٹواری جہالوں۔۔۔پلیز اب رونا مت۔۔۔اور پھر کھبی وزیراعظم صاحب کی ٹی شرٹ میں دنیا سے رابطے پر اعتراض نہ کرنا۔۔

Pakistan included in G20 debt relief plan

5e97cc7c7e9e2.jpg


KARACHI: Pakistan has been included in the group of countries eligible for debt relief on all principal and interest payments to official bilateral creditors announced by the G20 countries in their Riyadh meeting on Wednesday.

The G20 grouping had been urged by the World Bank and the International Monetary Fund (IMF) to extend debt relief to the poorest countries to free up their resources for the Covid-19 related challenge instead.

On Wednesday, the G20 made the decision to include all countries grouped under the World Bank’s International Development Association (IDA) to be eligible for debt relief under the proposed plan. The IDA group contains 76 countries of which Pakistan is one. The G20 worked with a grouping of African countries as well as the multilateral lenders IMF and WB to decide on the terms of the debt relief.

The suspension period for debt relief will start from May 1 and continue till Dec 1, 2020. All debt service falling due in this period will be packaged into a new loan on which the payments will not start until June 2022. Then it will be paid over the subsequent three years. A standardized term sheet has been made for all the payments clubbed under the relief plan.

In the meantime, the G20 countries will consult with the IMF and WB on whether the suspension period should be extended to June 2021 or not, depending on how the Covid related challenges are shaping up by then.

The full definition of what is included in the definition of “official bilateral” creditors is yet to be decided. The IMF will be responsible for drafting the rules of how this definition is to be applied. Authorities in Pakistan are confident, but not yet certain, that the definition will be broadly applicable on all categories of debt on which the country has servicing obligations this year, including bilateral reserve extension facilities extended by the Kingdom of Saudi Arabia, China and the United Arab Emirates.

Saudi Arabia chairs the group currently, and hosted the meeting from Riyadh. “All bilateral official creditors will participate in this initiative” a communique issued after the meeting said. Saudi Finance Minister Mohammed Al-Jadaan, who currently chairs the group, said this means “poor countries don’t need to worry about repaying over the course of the next 12 months.”

An IMF report shows Pakistan has $12.731 billion of external debt repayment obligations in FY2021 that could be subject to treatment under the debt relief plan. Although the plan targets official bilateral creditors, it is understood by authorities around the world that commercial creditors will also be asked to follow the same template. Pakistan has $2.545bn of debt service payments owed to commercial creditors next fiscal year, of which $2.3bn is to China.

After this, $6.744bn is owed to non Paris Club bilateral creditors, of which $3.48bn is to China, $2.245 to Saudi Arabia and $1bn to the UAE. After this the country has $1.627bn payments to multilateral creditors, of which half is to the Asian Development Bank and the rest to the World Bank. Paris Club creditors, who are also to be included in the terms of the debt relief plan, are owed $787 million next year, with Japan and France accounting for the bulk of the amount.

Published in Dawn, April 16th, 2020



 
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thinking

Prime Minister (20k+ posts)
China..KSA..UAE should deffer payments of loans till December 2021 for Pakistan..While from IMF..any delay payment..will be well come...
Actually I don't understand the forum of G6..G20...What it's means world riches together sit for what??Are they helping eachother or give free money to the world poorest countries??
 

Lord Commander John Snow

MPA (400+ posts)
When Imran Khan speaks, the world listens,..... Except for his cabinet ministers, his bureaucrats, his party officials, his 2 Chief Ministers, his MNA'S and alter ego aka "I'm going to go back on my decision in a few days" Khan
 

Dr Adam

Prime Minister (20k+ posts)
پٹواری جہالوں۔۔۔پلیز اب رونا مت۔۔۔اور پھر کھبی وزیراعظم صاحب کی ٹی شرٹ میں دنیا سے رابطے پر اعتراض نہ کرنا۔۔

Pakistan included in G20 debt relief plan

5e97cc7c7e9e2.jpg


KARACHI: Pakistan has been included in the group of countries eligible for debt relief on all principal and interest payments to official bilateral creditors announced by the G20 countries in their Riyadh meeting on Wednesday.

The G20 grouping had been urged by the World Bank and the International Monetary Fund (IMF) to extend debt relief to the poorest countries to free up their resources for the Covid-19 related challenge instead.

On Wednesday, the G20 made the decision to include all countries grouped under the World Bank’s International Development Association (IDA) to be eligible for debt relief under the proposed plan. The IDA group contains 76 countries of which Pakistan is one. The G20 worked with a grouping of African countries as well as the multilateral lenders IMF and WB to decide on the terms of the debt relief.

The suspension period for debt relief will start from May 1 and continue till Dec 1, 2020. All debt service falling due in this period will be packaged into a new loan on which the payments will not start until June 2022. Then it will be paid over the subsequent three years. A standardized term sheet has been made for all the payments clubbed under the relief plan.

In the meantime, the G20 countries will consult with the IMF and WB on whether the suspension period should be extended to June 2021 or not, depending on how the Covid related challenges are shaping up by then.

The full definition of what is included in the definition of “official bilateral” creditors is yet to be decided. The IMF will be responsible for drafting the rules of how this definition is to be applied. Authorities in Pakistan are confident, but not yet certain, that the definition will be broadly applicable on all categories of debt on which the country has servicing obligations this year, including bilateral reserve extension facilities extended by the Kingdom of Saudi Arabia, China and the United Arab Emirates.

Saudi Arabia chairs the group currently, and hosted the meeting from Riyadh. “All bilateral official creditors will participate in this initiative” a communique issued after the meeting said. Saudi Finance Minister Mohammed Al-Jadaan, who currently chairs the group, said this means “poor countries don’t need to worry about repaying over the course of the next 12 months.”

An IMF report shows Pakistan has $12.731 billion of external debt repayment obligations in FY2021 that could be subject to treatment under the debt relief plan. Although the plan targets official bilateral creditors, it is understood by authorities around the world that commercial creditors will also be asked to follow the same template. Pakistan has $2.545bn of debt service payments owed to commercial creditors next fiscal year, of which $2.3bn is to China.

After this, $6.744bn is owed to non Paris Club bilateral creditors, of which $3.48bn is to China, $2.245 to Saudi Arabia and $1bn to the UAE. After this the country has $1.627bn payments to multilateral creditors, of which half is to the Asian Development Bank and the rest to the World Bank. Paris Club creditors, who are also to be included in the terms of the debt relief plan, are owed $787 million next year, with Japan and France accounting for the bulk of the amount.

Published in Dawn, April 16th, 2020


Laanat tere saray tabbar per bhutwari.
Teri phat jati hy jub bhi Pakistan k liye kuch acha hota hey.
China..KSA..UAE should deffer payments of loans till December 2021 for Pakistan..While from IMF..any delay payment..will be well come...
Actually I don't understand the forum of G6..G20...What it's means world riches together sit for what??Are they helping eachother or give free money to the world poorest countries??
Agreed he has screwed many who require assistance now.



جانی! بات دراصل یوں ہے کہ ایک ایماندار اور خوف خدا رکھنے والا اچھا انسان ریاضی کے صفر کی مانند ہوتا ہے جس کی اپنی قناعت کی کوئی قیمت نہیں ہوتی پر جس کے ساتھ جڑ جائے اس کی قیمت دس گنا بڑھا دیتا ہے، اسی لیے دنیا اس کی بات غور سے سنتی ہے

یہ بات اب اپنے وزیر اعظم پر منطبق کریں تو بات سمجھ میں آ جائے گی

@ thinking: Sometimes these G6 and G20 countries extend soft loans to friendly governments for the uplift of social sectors in those countries, like Japan gives us money thru a bilateral program JICA, similarly Germany as well. But most of the time they pool their money and hand it over to the World Bank, IMF and the Asian Development Bank etc. who disburse those funds to different countries on a loan basis, again for the social sectors, never for the defense purchases.
I hope it helps!
 

thinking

Prime Minister (20k+ posts)
thinking: Sometimes these G6 and G20 countries extend soft loans to friendly governments for the uplift of social sectors in those countries, like Japan gives us money thru a bilateral program JICA, similarly Germany as well. But most of the time they pool their money and hand it over to the World Bank, IMF and the Asian Development Bank etc. who disburse those funds to different countries on a loan basis, again for the social sectors, never for the defense purchases.
I hope it helps!

Dr Adam...

Thanks for clarify..
But who benefited from get heavy interests on these IMF..World Bank loans????
G20 countries or else?
 

Dr Adam

Prime Minister (20k+ posts)
thinking: Sometimes these G6 and G20 countries extend soft loans to friendly governments for the uplift of social sectors in those countries, like Japan gives us money thru a bilateral program JICA, similarly Germany as well. But most of the time they pool their money and hand it over to the World Bank, IMF and the Asian Development Bank etc. who disburse those funds to different countries on a loan basis, again for the social sectors, never for the defense purchases.
I hope it helps!

Dr Adam...

Thanks for clarify..
But who benefited from get heavy interests on these IMF..World Bank loans????
G20 countries or else?


The interest accrued on these loans varies from 3 to sometimes as high as 5% or even higher. And this is how these G6...20 Capitalist countries make money on their capital. The WB, IMF, ADB will deduct around 1% as administration and handling fees and the rest is credited to the loaners account together with the Principal when the loan beneficiary country returns the money. Therefore, win win for all the parties involved.
These transactions are in billions of dollars.
There is no free lunch my friend.
 

Ahmed Jawad

MPA (400+ posts)
Don't worry Bongi Khan will find a way to screw this up as well.
N-league's biggest support base comes from GT road business men. These people have never paid taxes. Retail sectors has more than 30% share in GDP but I think they pay 1% of the total taxes. These people are the real reason Pakistan is behind. Pakistan's tax to GDP ratio is 10%, India is 16% and Germany is 40%. These people who never pay taxes, expect Imran khan to not ask for debt relief. Why do not they pay the installments of loans taken by Nawaz sharif from their own fucking pockets. They are retards.
 

Ahmed Jawad

MPA (400+ posts)
G20 has announced debt relief for developing countries including Pakistan. Most probably, IMF and other commercial lenders will also follow the suit . It will be more than 12 Billion dollars benefit to Pakistan. Pakistan will have to pay them later after 2-3 years. So the immediate burden on foreign exchange reserves will be alleviated, interest payments do not need to be paid for one year. Loan-repayment can be done later. Thick headed patwaris do not understand that Imran khan was not asking for debt relief that he personally acquired. He was asking for debt relief , 80% of which accumulated in last 10 years taken by Zardari and Nawaz sharif on behalf of each one of Pakistanis including you and me. If they do not want this benefit, coming in Pakistan's way, why do not they pay the 'installments waived' from their own pockets. Most of them being GT road business men who have never paid taxes and they are the reason, Pakistan has to beg in the first place.
 

P@triot

Senator (1k+ posts)
G20 has announced debt relief for developing countries including Pakistan. Most probably, IMF and other commercial lenders will also follow the suit . It will be more than 12 Billion dollars benefit to Pakistan. Pakistan will have to pay them later after 2-3 years. So the immediate burden on foreign exchange reserves will be alleviated, interest payments do not need to be paid for one year. Loan-repayment can be done later. Thick headed patwaris do not understand that Imran khan was not asking for debt relief that he personally acquired. He was asking for debt relief , 80% of which accumulated in last 10 years taken by Zardari and Nawaz sharif on behalf of each one of Pakistanis including you and me. If they do not want this benefit, coming in Pakistan's way, why do not they pay the 'installments waived' from their own pockets. Most of them being GT road business men who have never paid taxes and they are the reason, Pakistan has to beg in the first place.
And yet they call him names as if he is doing it for personal gain...Jahalat is another issue that Pakistan has to deal with..
 

boss

Senator (1k+ posts)
اب جس جس نے اس بات پر رنڈی رونا رویا تھا
کہ


عمران خان پاجامہ پہن کر کیوں خطاب کر رہا ہے

ان سب کو اب چاہیئے کہ اپنے اپنے
گندے پاجاموں میں اپنے شرمندہ منہ لیکر پندرہ دن کے لیے قرنطنیہ ہو جائیں

?
 

Dr Adam

Prime Minister (20k+ posts)
And yet they call him names as if he is doing it for personal gain...Jahalat is another issue that Pakistan has to deal with..
اب جس جس نے اس بات پر رنڈی رونا رویا تھا
کہ

عمران خان پاجامہ پہن کر کیوں خطاب کر رہا ہے
ان سب کو اب چاہیئے کہ اپنے اپنے
گندے پاجاموں میں اپنے شرمندہ منہ لیکر پندرہ دن کے لیے قرنطنیہ ہو جائیں

?



‏‎جو پٹواری کہہ رہے ہیں کہ وزیر اعظم عمران خان کو اب گھر جانا ہو گا تو
براے مہربانی وہ اپنی درخواست کے ساتھ اپنے گھر کا ایڈریس بھی درج کر دیا کریں

یعنی پیج دیاں گے
 

ranaji

President (40k+ posts)
سوہو کی بیس پونڈ اوقات والی گشتی ریحام رمضان اور کنجر الطرفین طلو میراثی اور کنجر طلعت سرٹیفائیڈ کنجر خاندان والے کے اگواڑے پچھواڑے می بوہت آگ لگی تھی ٹریک سوٹ سے
 

ILUIK

MPA (400+ posts)
دو دن پہلے
پاکستان & عمران خان مخالف لوگوں نے بہت خوشیاں منائی
........... آج
. کیسی ذلت بھری زندگی ہے بیچاروں کی
روز روز رسوا ہوتے ہیں یہ -بے عزتی لکھ دی گئے ان کے لئے پر ان کو کون سمجھا سکتا ہے
 

الرضا

Senator (1k+ posts)
پٹواری جہالوں۔۔۔پلیز اب رونا مت۔۔۔اور پھر کھبی وزیراعظم صاحب کی ٹی شرٹ میں دنیا سے رابطے پر اعتراض نہ کرنا۔۔

Pakistan included in G20 debt relief plan

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KARACHI: Pakistan has been included in the group of countries eligible for debt relief on all principal and interest payments to official bilateral creditors announced by the G20 countries in their Riyadh meeting on Wednesday.

The G20 grouping had been urged by the World Bank and the International Monetary Fund (IMF) to extend debt relief to the poorest countries to free up their resources for the Covid-19 related challenge instead.

On Wednesday, the G20 made the decision to include all countries grouped under the World Bank’s International Development Association (IDA) to be eligible for debt relief under the proposed plan. The IDA group contains 76 countries of which Pakistan is one. The G20 worked with a grouping of African countries as well as the multilateral lenders IMF and WB to decide on the terms of the debt relief.

The suspension period for debt relief will start from May 1 and continue till Dec 1, 2020. All debt service falling due in this period will be packaged into a new loan on which the payments will not start until June 2022. Then it will be paid over the subsequent three years. A standardized term sheet has been made for all the payments clubbed under the relief plan.

In the meantime, the G20 countries will consult with the IMF and WB on whether the suspension period should be extended to June 2021 or not, depending on how the Covid related challenges are shaping up by then.

The full definition of what is included in the definition of “official bilateral” creditors is yet to be decided. The IMF will be responsible for drafting the rules of how this definition is to be applied. Authorities in Pakistan are confident, but not yet certain, that the definition will be broadly applicable on all categories of debt on which the country has servicing obligations this year, including bilateral reserve extension facilities extended by the Kingdom of Saudi Arabia, China and the United Arab Emirates.

Saudi Arabia chairs the group currently, and hosted the meeting from Riyadh. “All bilateral official creditors will participate in this initiative” a communique issued after the meeting said. Saudi Finance Minister Mohammed Al-Jadaan, who currently chairs the group, said this means “poor countries don’t need to worry about repaying over the course of the next 12 months.”

An IMF report shows Pakistan has $12.731 billion of external debt repayment obligations in FY2021 that could be subject to treatment under the debt relief plan. Although the plan targets official bilateral creditors, it is understood by authorities around the world that commercial creditors will also be asked to follow the same template. Pakistan has $2.545bn of debt service payments owed to commercial creditors next fiscal year, of which $2.3bn is to China.

After this, $6.744bn is owed to non Paris Club bilateral creditors, of which $3.48bn is to China, $2.245 to Saudi Arabia and $1bn to the UAE. After this the country has $1.627bn payments to multilateral creditors, of which half is to the Asian Development Bank and the rest to the World Bank. Paris Club creditors, who are also to be included in the terms of the debt relief plan, are owed $787 million next year, with Japan and France accounting for the bulk of the amount.

Published in Dawn, April 16th, 2020



بیس فقیروں کے اس گروپ میں آپ کے رشتہ دار مودی کا ملک بھی شامل ہے؟ یا یہ بھیک صرف عمران خان جیسے زکوٰۃ خوروں کو ملے گی؟

اور ہاں، جن افریقی ممالک کو ریلیف ملا ہے، ان کے سربراہان مملکت بھی عمران خان کی طرح ہینڈسم ہیں؟ دنیا ان کی بات بھی کان لگا کر سنتی ہے؟
 
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ILUIK

MPA (400+ posts)
بیس فقیروں کے اس گروپ میں آپ کے رشتہ دار مودی کا ملک بھی شامل ہے؟ یا یہ بھیک صرف عمران خان جیسے زکوٰۃ خوروں کو ملے گی؟

اور ہاں، جن افریقی ممالک کو ریلیف ملا ہے، ان کے سربراہان مملکت بھی عمران خان کی طرح ہینڈسم ہیں؟ دنیا ان کی بات بھی کان لگا کر سنتی ہے؟


DO I CARE if Modi is included, am i bothered if he was excluded. No
all i care is about Pakistan.

مودی آپ کے ابّا جی ہیں, آپ جانیں اور آپ کے ابّے-ہمیں ان سے کیا

جاتے جاتے ابّے کا کمال دیکھ لیں

شرم کرو، 500روپے کیلیے لائنیں لگوا کر غریبی کا مذاق بنادیا- انڈین سکھ کی مودی حکومت کیخلاف دہائی