Pakistan Among Top 10 Nations With Largest External Debt Stocks Says World Bank Report

Pakistan largest external debt stocks: Pakistan has joined the 10 most indebted countries in the world. According to the World Bank report, Pakistan is in the top 10 debtor countries, which have the highest external debt. He has become eligible for the Debt Service Suspension Initiative (DSSI) following the COVID-19 pandemic.

Because of this, Pakistan may now find it difficult to get foreign loans. Quoting International Debt Statistics for 2022 released by the World Bank on Monday, Pakistan’s famous newspaper ‘The News International’ has said in its report that there is a wide variation in the rate of loans received by the countries under DSSI, including large borrowers. Used to be.

These countries are included in the list

The combined external debt of the 10 largest DSSI eligible borrowers (Angola, Bangladesh, Ethiopia, Ghana, Kenya, Mongolia, Nigeria, Pakistan, Uzbekistan, and Zambia) stood at $509 billion at the end of 2020, a 12 percent increase over 2019 And it was 59 percent of the total foreign debt of all the countries under the purview of DSSI.

These countries under the purview of DSSI accounted for about 65 percent of the unguaranteed foreign debt by the end of 2020. Foreign loans were provided to these countries at different rates. Some time ago it was reported that the contribution of Imran Khan government is 40 percent of the debt on Pakistan.

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