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Posts tagged as “Paris Club”

Govt will not seek Paris Club debt restructuring: Dar

Reuters report, October 9, 2022 UpdatedFinance Minister Ishaq Dar on Sunday said Pakistan will not seek debt restructuring from Paris Club creditor nations, as he seeks to restore market confidence after a credit rating downgrade. The new rating from Moody’s raised concerns that Pakistan could default on its foreign debt as the country contends with economic turmoil and a balance of payments crisis. “We have decided not to go to Paris Club,” Dar said while…