Pakistan, France sign $ 10 million deferral agreement

ISLAMABAD, June 27 (Alliance News): Pakistan and France have signed a deferment agreement under the G-20 Debt Service Suspension Initiative (DSSI) framework, according to which 107 million has been deferred. Is.

A press release issued by the Economic Affairs Division said that the loan was to be repaid between July and December 2021, but after the signing of the agreement, the loan will now have to be repaid over a period of 6 years with two installments per year. Yes, it includes a one-year grace period.

It is to be noted that Pakistan has already signed agreements with France under DSSI to defer a loan of 26 260 million.

According to a press release, the agreement was signed on behalf of Pakistan by Federal Secretary for Economic Affairs Division Mian Asad Hayauddin and French Ambassador to Pakistan Nicolas Galle in Islamabad today.

The Group of 20 countries have provided financial assistance to Pakistan under the DSSI for necessary expenditure in the health and economic sectors.

Under the DSSI, a total of ارب 3.68 billion in debt has been deferred and rescheduled for the period May 2020 to December 2021.

The press release said that Pakistan has already signed 93 debt rescheduling agreements with 21 countries worth  3.15 billion. After today’s agreement, the total debt rescheduling amounts to 3.25 billion.

It was further informed that negotiations are underway for rescheduling of remaining loans under G20 ‘DSSI’.


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