Coronavirus Could Destroy Economies of Developing Countries Like Pakistan

PM Imran Khan has expressed that he fears the Coronavirus will destroy the economy of developing nations. Prime Minister Imran Khan has warned developed countries to get ready to write off the loans of the world’s poor countries.

During an interview with The Associated Press, PM Imran Khan said that I am feeling that this virus may impact on economies of developing countries.

“My worry is poverty and hunger,” Khan said.

The world community has to think of some sort of a debt write-off for countries like us, which are very vulnerable, at least that will help us in coping with (the coronavirus).

Read Also: Sindh reports 52 new coronavirus cases, ballooning Pakistan tally to 237

He said that if a genuine pandemic occurs in Pakistan. He’s concerned that the government’s effort to lift the weak economy out of close breakdown would start a relentless slide in reverse. Fares will tumble off a bluff, joblessness will take off and a difficult national obligation will turn into an inconceivable weight. Pakistan made sure about a $6 billion bailout from the International Monetary Fund a year ago.

AP noticed that the worldwide infection pandemic presents the greatest test yet for Khan’s populist administration since he took office in 2018.

It’s not just Pakistan. I would imagine the same in India, in the subcontinent, in African countries. If it spreads, we will all have problems with our health facilities. We just don’t have that capability. We just don’t have the resources.

He further coordinated lifting sanctions against Iran and praised the nation’s compassionate basic to contain the outbreak by pushing aside political competitions.

In a call for activity from the worldwide network, Khan said the time has come to end the U.S. sanctions on Iran, where one of the most exceedingly terrible coronavirus episodes on the planet has unfurled. Iran has attempted to react to some degree in view of devastating authorizations forced by the Trump organization.

He also said that most of the Coronavirus cases reported in Pakistan have come from Iran in the last 14 days. Khan said Iran is a “classic example” of a place where the humanitarian imperative to contain the outbreak outweighs political rivalries or economic dogmas.

The pandemic comes similarly as a harmonious bargain between the United States and the Taliban has given Afghanistan its most obvious opportunity at consummation its unending war, and bringing U.S. troops home after almost 19 years.

Khan called Ghani’s comments “disappointing,” and said that since taking office, he’s worked hard with the U.S. to help cobble together a peace deal in Afghanistan.

If anything, it should have been an appreciation of the way Pakistan has gone about furthering the peace process.

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