Islamabad, 15 May 2020:
Prime Minister Imran Khan today chaired a briefing to review external inflows and outflow situation of the country with special reference to the support received by the country from various development partners to cope with COVID-19 situation.
The meeting was attended by Minister for Economic Affair Division Makhdoom Khusru Bakhtiar, Secretary EAD Mr. Noor Ahmed and senior officials.
External inflows and outflow situation of the country, COVID-19 financing from development partners, G-20 debt relief and possible scenarios for engaging friendly countries for Debt-for-Development swaps were discussed during the meeting.
Highlighting present Government’s priorities, the Prime Minister said that effective domestic revenue mobilization, better fiscal and debt management, reforms in energy sector and financial sector and improving investment climate in the country were key priorities of the present government.
While appreciating G-20 debt relief initiative, the Prime Minister observed that the G-20 relief was a timely initiative that complemented the efforts to cope with the challenge of COVID-19. He, however, urged that that the facility may be further extended to provide greater space to the developing countries fighting the pandemic to concentrate their resources in providing relief to their people. The Prime Minister also directed to explore opportunities for debt for development swaps so that the process of socio-economic development could be stimulated.
The Prime Minister appreciated international community for their positive response in wake of corona pandemic.
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