Pakistan takes chair of Borrowers’ Platform amid global debt pressures
Pakistan has assumed the chairmanship of the Governing Council of the Borrowers’ Platform, a newly established initiative bringing together more than 30 developing countries to strengthen cooperation on sovereign debt management and development financing. Finance Minister Muhammad Aurangzeb accepted the chairmanship on Pakistan’s behalf during the platform’s first Governing Council meeting in Bangkok, held on the sidelines of the annual meetings of the World Bank and the International Monetary Fund (IMF). United Nations Secretary-General António Guterres warned that poor and developing countries were facing a major economic storm amid mounting…
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