If it is approved, Pakistan - which already received a less generous Paris Club deal in January - would see the maturity of its government debt extended for up to 40 years and its interest payments reduced.
This would cut the government's debt servicing costs from more than 60 per cent of total revenu
- Irish deputy governor warns hard Brexit is ‘entirely plausible’
- New Russian banknote provokes anger in Ukraine
- Low-paid jobs may explain flat Phillips curve – research
- G7 governors and ministers set out principles for assessing cyber security
- Canada’s Project Jasper to explore clearing of securities in third phase