ESG & Investing
US Asks Pakistan to Seek Debt Relief from China After Floods
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US Secretary of State Antony Blinken urged Pakistan to discuss debt relief and restructuring with China, its single-largest creditor after the flood-ravaged South Asian nation made a similar appeal to other countries.
Pakistan has faced catastrophic levels of climate change-fueled flooding this year. About a third of the country has been submerged by the deluge that has killed at least 1,600 people so far and caused damage estimated at more than $30 billion.