The Economic Affairs Division said that Pakistan and France had signed an agreement to default on the 20 107 million debt owed to Pakistan under the Group of 20 Debt Suspension Initiative (DSSI). Are
A press release issued by the Economic Affairs Division said that the loan was to be repaid between July and December 2021, but after the signing of the agreement, the loan will now have to be repaid over a period of 6 years with two installments per year. Yes, it includes a one-year grace period.
It may be recalled that Pakistan had earlier signed agreements with France under DSSI to defer a loan of 26 260 million.