CS Mapper

Main Menu

  • Home
  • Mapping data
  • Mapping framework
  • Google maps
  • Geo data
  • IT project funding

CS Mapper

Header Banner

CS Mapper

  • Home
  • Mapping data
  • Mapping framework
  • Google maps
  • Geo data
  • IT project funding
IT project funding
Home›IT project funding›Give up Debt or Renegotiate Loans to Create a Fair Deal for Pak: From US to China

Give up Debt or Renegotiate Loans to Create a Fair Deal for Pak: From US to China

By Lewis Dunn
April 7, 2021
0
0

The United States on Wednesday called on China to take action to ease the burden of its predatory and unfair lending to Pakistan during the coronavirus crisis.

Alice G Wells, senior US State Department official for Central and South Asia, told reporters on a conference call whether it was the China-Pakistan Economic Corridor (CPEC) or any other assistance, ” United States supports investments that meet international standards, respect the environment and labor needs, and benefit the people of the region. ”

“I have listed the concerns of the United States government regarding the CPEC, the lack of transparency involved in the projects and the unfair rates of profit that are guaranteed to Chinese organizations,” she said in response to a question. on the corridor.

“I think in a time of crisis like Covid, when the world is reeling from the economic consequences of shutting down parts of the economy, it really behooves China to take action to ease the burden of these predatory, unsustainable and unfair loans cause Pakistan, ”she said.

Wells said the United States hopes China will either give up its debt or renegotiate the loans in order to create a fair and transparent deal for the Pakistani people.

READ ALSO : Why Trump’s plan to impose restrictions on H-1B visa might not help American workers

“The United States joins other voices in the region in globally calling on China to provide transparent relief from the predatory lending countries are currently suffering from. The United States will use its partnership with international financial institutions like the World Bank and the IMF, to help ensure that countries emerge from this crisis on a stable footing and we urge others to join us in this effort. global, ”she said. Pakistan’s commitment to peace “Pakistan’s commitment to peace has grown as it has started to take steps to reduce terrorist groups and their funding, and because of that” we are seeing initial growth of our relations, especially in trade, ”she added. “The suspension of security assistance by President Donald Trump in 2018 marked a fundamental change in the country’s approach to Islamabad.

The South Asia Strategy made it clear that Pakistan must take decisive action against these groups, especially those who support the conflict in Afghanistan and threaten regional stability. Since then, the United States has seen Pakistan take constructive steps to encourage the Taliban to move the Afghan peace process forward, ”Wells said.

Dear reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that matter to you and have broader political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these difficult times resulting from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative views and cutting-edge commentary on relevant current issues.
However, we have a demand.

As we fight the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of providing you with even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital editor

Related posts:

  1. Governor Gavin Newsom in San Diego: Governor visits vaccination site
  2. What is a guarantee deed? – Councilor Forbes
  3. Australia’s lowest 2-year fixed rate now comes with $ 3,000 + cash back
  4. Aska Sugar neck deep in loans

Categories

  • Geo data
  • Google maps
  • IT project funding
  • Mapping data
  • Mapping framework

Recent Posts

  • The risk of extinction could be much worse than current estimates
  • How to Use Driving View in Google Assistant
  • Guidance to support public sector investment in location data
  • Plan a trip? Here are the best navigation apps for iPhone in 2022
  • One Data Indonesia to consolidate geospatial information – OpenGov Asia

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • August 2019
  • Privacy Policy
  • Terms and Conditions