The Government of Pakistan signed a Debt Service Suspension Agreement with the French Republic, amounting to the suspension of loans worth USD 107 million, under the G-20 Debt Service Suspension Initiative (DSSI) framework.
This amount, initially repayable between July and December 2021 will now be repaid over a period of six years (including a one-year grace period) in semi-annual installments.
The agreement was signed by Mr. Mian Asad Hayaud Din, Federal Secretary for Economic Affairs Division and H.E. Nicolas Galey, the Ambassador of the French Republic to Pakistan in Islamabad today.
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Pakistan has already concluded and signed 93 agreements with 21 bilateral creditors for the rescheduling of its debts under the G-20 DSSI framework, amounting to a rescheduling of almost USD 3,150 million.
The signing of the above-mentioned agreements brings this total to USD 3,257 million. Negotiations for the remaining agreements to be signed under the G-20 DSSI are ongoing.
