{"id":63260,"date":"2020-03-26T16:01:54","date_gmt":"2020-03-26T11:01:54","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63260"},"modified":"2020-03-26T17:49:24","modified_gmt":"2020-03-26T12:49:24","slug":"wbg-imf-seek-postponement-debt-repayments-developing-countries","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html","title":{"rendered":"WBG, IMF seek postponement on debt repayments by developing countries"},"content":{"rendered":"\n<p>Washington: The World Bank Group (WBG) and the International Monetary Fund (IMF) have asked all G20 states to suspend the debt repayments owed to them by developing countries, a news source reported. As per the publication, the banks have sought this relief to facilitate the poor countries in their battle against the coronavirus pandemic.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/covid-19-secp-extends-deadlines-businesses-meet-regulatory-requirements.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"COVID-19: SECP extends deadlines for businesses to meet regulatory requirements (opens in a new tab)\">COVID-19: SECP extends deadlines for businesses to meet regulatory requirements<\/a><\/p>\n\n\n\n<p>It is expected that the International Development Association (IDA) countries would face severe social and economic repercussions, the joint statement issued by WBG and IMF stated. The two leading lenders said that the suspension of the debt payments would facilitate urgent liquidity and financing needs, and assist the IDA countries <a href=\"https:\/\/www.zameen.com\/news\/chinese-plane-carrying-medical-supplies-lands-in-pakistan.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">to confront the novel coronavirus<\/a>.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/icci-requests-govt-reduce-interest-rate-to-5.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"ICCI requests govt to reduce interest rate to 5% (opens in a new tab)\">ICCI requests govt to reduce interest rate to 5%<\/a><\/p>\n\n\n\n<p>The WBG and IMF invited the G20 leaders to identify the countries with unsustainable debt conditions, and asked the bilateral creditors to formulate a proposal for a comprehensive action plan to deal with the debt and financing needs of the IDA countries. <\/p>\n\n\n\n<p><strong>Read:<a href=\"https:\/\/www.zameen.com\/news\/ict-admin-bans-public-transport.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" ICT admin bans public transport (opens in a new tab)\"> <\/a><\/strong><a href=\"https:\/\/www.zameen.com\/news\/ict-admin-bans-public-transport.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" ICT admin bans public transport (opens in a new tab)\">ICT admin bans public transport<\/a><\/p>\n\n\n\n<p>In response, the Federal Minister of Economic Affairs Hammad Azhar <a href=\"https:\/\/www.zameen.com\/forum\/discussions\/other_and_misc\/imf_wb_request_postponing_debt_repayments_of_developing_countries_due_to-33098.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"lauded  (opens in a new tab)\">lauded <\/a>the joint statement by the WBG and IMF, and urged that relief on debts should be granted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Washington: The World Bank Group (WBG) and the International Monetary Fund (IMF) have asked all G20 states to suspend the debt repayments owed to them by developing countries, a news source reported. As per the publication, the banks have sought this relief to facilitate the poor countries in their battle against the coronavirus pandemic. Read: COVID-19: SECP extends deadlines for businesses to meet regulatory requirements It is expected that the International Development Association (IDA) countries would face severe social and economic repercussions, the joint statement issued by WBG and IMF stated. The two leading lenders said that the suspension of the debt payments would facilitate urgent liquidity and financing needs, and assist the IDA countries to confront the novel coronavirus. Read: ICCI requests govt to reduce interest rate to 5% The WBG and IMF invited the G20 leaders to identify the countries with unsustainable debt conditions, and asked the bilateral creditors to formulate a proposal for a comprehensive action plan to deal with the debt and financing needs of the IDA countries. Read: ICT admin bans public transport In response, the Federal Minister of Economic Affairs Hammad Azhar lauded the joint statement by the WBG and IMF, and urged that&hellip;<\/p>\n","protected":false},"author":76,"featured_media":61439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15020],"tags":[24206,24294,24293,21797,24292],"persona":[],"class_list":{"0":"post-63260","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-social-developments","8":"tag-coronavirus-pandemic","9":"tag-federal-minister-of-economic-affairs-hammad-azhar","10":"tag-international-development-association-ida-countries","11":"tag-international-monetary-fund-imf","12":"tag-world-bank-group-wbg","13":"cat-15020-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WBG, IMF postponement on debt developing countries - Zameen News<\/title>\n<meta name=\"description\" content=\"Washington: The World Bank Group (WBG) and the International Monetary Fund (IMF) have asked all G20 states to suspend the debt repayments\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WBG, IMF postponement on debt developing countries - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Washington: The World Bank Group (WBG) and the International Monetary Fund (IMF) have asked all G20 states to suspend the debt repayments\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-26T11:01:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-26T12:49:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/World-Bank.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Noor Rehman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Noor Rehman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"WBG, IMF postponement on debt developing countries - Zameen News","description":"Washington: The World Bank Group (WBG) and the International Monetary Fund (IMF) have asked all G20 states to suspend the debt repayments","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html","og_locale":"en_US","og_type":"article","og_title":"WBG, IMF postponement on debt developing countries - Zameen News","og_description":"Washington: The World Bank Group (WBG) and the International Monetary Fund (IMF) have asked all G20 states to suspend the debt repayments","og_url":"https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2020-03-26T11:01:54+00:00","article_modified_time":"2020-03-26T12:49:24+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/World-Bank.jpg","type":"image\/jpeg"}],"author":"Noor Rehman","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Noor Rehman","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html"},"author":{"name":"Noor Rehman","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/718378171443de9c5aeab691248bc465"},"headline":"WBG, IMF seek postponement on debt repayments by developing countries","datePublished":"2020-03-26T11:01:54+00:00","dateModified":"2020-03-26T12:49:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html"},"wordCount":215,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/World-Bank.jpg","keywords":["coronavirus pandemic","Federal Minister of Economic Affairs Hammad Azhar","International Development Association (IDA) countries","International Monetary Fund (IMF)","World Bank Group (WBG)"],"articleSection":["Social Developments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html","url":"https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html","name":"WBG, IMF postponement on debt developing countries - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/World-Bank.jpg","datePublished":"2020-03-26T11:01:54+00:00","dateModified":"2020-03-26T12:49:24+00:00","description":"Washington: The World Bank Group (WBG) and the International Monetary Fund (IMF) have asked all G20 states to suspend the debt repayments","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/World-Bank.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/World-Bank.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/wbg-imf-seek-postponement-debt-repayments-developing-countries.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"WBG, IMF seek postponement on debt repayments by developing countries"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/718378171443de9c5aeab691248bc465","name":"Noor Rehman","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/05ae7b14a17c4fc89175ecf7dde699c5f5988a8b07f242526d142d216ca54a99?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/05ae7b14a17c4fc89175ecf7dde699c5f5988a8b07f242526d142d216ca54a99?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/05ae7b14a17c4fc89175ecf7dde699c5f5988a8b07f242526d142d216ca54a99?s=96&d=mm&r=g","caption":"Noor Rehman"},"sameAs":["https:\/\/www.zameen.com\/"],"url":"https:\/\/www.zameen.com\/news\/author\/rehman"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/63260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=63260"}],"version-history":[{"count":2,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/63260\/revisions"}],"predecessor-version":[{"id":63281,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/63260\/revisions\/63281"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/61439"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=63260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=63260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=63260"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=63260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}