Following Criticism, PM's Debt Relief Request Gets Accepted By IMF

Following Criticism, PM’s Debt Relief Request Gets Accepted By IMF

Imran Khan Debt Relief Request IMF

Since Pakistan Tehreek-e-Insaf (PTI) came into power, Prime Minister Imran Khan has been facing criticism from time to time. Mainly, the opposing allies have always been in search of ways to defame him, sometimes wrong and sometimes for the right cases. Part of politics we guess! However, criticism never bothers PM Imran.

The premier, as per his promises, has always stayed firm on his strategies with an aim to overcome Pakistan’s massive debt. As the coronavirus pandemic has created panic worldwide, PM Imran, being a visionary leader made decisions that can value the country in these desperate times.

FM Qureshi reveals the IMF debt relief news

Analyzing the need to make a debt relief request to the International Monetary Fund (IMF), PM Imran faced severe criticism on social media. From the opposition members to the netizens, everyone was bashing him for ‘begging’ amid the pandemic. Well, earlier today, PM Imran Khan’s appeal to get some relief in debt was approved by the IMF. It is a tight slap on the face of the opposing groups.

Imran Khan Debt Relief Request IMF

Image: Dawn

According to Foreign Minister Shah Mehmood Qureshi, the IMF has decided to provide a year-long relief to several developing countries including Pakistan. Qureshi further stated that PM Imran’s plea for debt relief has benefited the developing world in this time of crisis.

Following the announcement of G20 nations, Qureshi added, ”PM Imran Khan had appealed to IMF for debt relief for developing countries which was accepted by the Fund. IMF has announced it would give one-year relief to 70 developing nations including Pakistan.”

Prime Minister Imran Khan has also appreciated debt relief measures by G-20 countries, IMF and World Bank for developing countries, including Pakistan.

World Bank and IMF’s remarks

PM Khan’s approved ‘global initiative on debt relief’ will begin from May 1 as per the Washington-based organization. On the taken decision, World Bank Group President and IMF’s Managing Director Kristalina Georgieva released a joint statement. ”We strongly welcome the decision of the G20 to respond to our call to allow the poorest countries of the world. That request forbearance to suspend repayment of official bilateral credit on May 1”, the statement said.

Imran Khan Debt Relief Request IMF

Image: Montsame.mn

Moreover, the leaders of the IMF and World Bank praised the initiative calling it an impactful decision for the poor countries. They asserted, ”A powerful, fast-acting initiative that will do much to safeguard the lives. And livelihoods of millions of the most vulnerable people.”

Despite being an under-developed state, Pakistan is combating coronavirus pretty well as compared to other countries. As per the latest stats, more than 6,000 cases have been reported in Pakistan until now.

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