IMF, World Bank urged to wave off debts of Pakistan
ISLAMABAD: Muslim Aid Country Director Khobaib A Vahedy urged IMF and the World Bank to ease or wave off debts of Pakistan in this emergency situation as level of damages and devastation caused by the unprecedented flash floods in Pakistan is biggest in the living memory.
He was speaking in the emergency meeting of relief Organisations of the Islamic Conference (OIC) member states which was held in a local hotel in Islamabad.
The meeting was cochaired by the OIC Secretary General H.E. Prof. Dr. Ekmeleddin Ihasanoglu and the Foreign Minister of Pakistan Shah Mahmood Qureshi. The main agenda of this emergency meeting was to help coordinate flood relief and plan rehabilitation and the emergency meeting of international NGOs convened by the Organisation of the Islamic Conference (OIC) in Islamabad on 29 August 2010.
The OIC Secretary General, Professor Ekmeleddin Ihsanoglu received situational reports from the National Disaster Management Authority of Pakistan (NDMA), the United Nations Office for the Coordination of Humanitarian Affairs (OCHA), the Islamic Conference Humanitarian Affairs Department (OICICHAD), and other international NGOs.
The meeting also discussed the efforts to mobilise assistance and consider mechanisms for coordination and information sharing among NGOs and the Government. These deliberations will identify the current gaps, needs and challenges faced by relief organisations, said Muslim Aid Country Director.
During the meeting Muslim Aid Country Director Khobaib A Vahedy said that IMF and the World Bank should ease or wave off debts of Pakistan in this emergency situation. While responding to Muslim Aid suggestion, Foreign Minister of Pakistan Shah Mahmood Qureshi said that Government is working on the issue of some financial settlements and we will ask IMF and World Bank to relax some issues regarding debts of Pakistan. -Online
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