Replying to various supplementary questions during Question Hour, the minister said the incumbent government returned US $ 8.39 billion
foreign debt from August 18, 2018 to June 30, 2019.
'
Foreign debt as on August 18, 2018, was $73.1 billion.'
Short-term
foreign debt recorded about 10.7% of total external debt until the end of 2018, while it reached 20.5% in European EMs and 8.4% in Commonwealth member countries.
Foreign debt nonetheless rose 5.6 percent year-on-year.
The
foreign debt increased by 102.4 due to the growth of demand of foreign investors for short-term notes of the National Bank and a growth of a market price for sovereign eurobonds.
A commission is proposed to be set up to probe 'a massive rise in
foreign debts and misuse of loans, if any, during the last decade.' The proposed composition of the commission however indicates that the focus would be on investigating the 'misuse' of funds rather than reviewing policies responsible for the 'massive' surge in external debts.
In January and February, the central government and public funds repaid a
foreign debt principal of 9.5 million euros and an internal debt principal of 31.7 million euros.
Carpio, however, disputed the claim, saying the Philippines declared a moratorium on its
foreign debt repayments in 1983 because the central bank did not have enough foreign exchange to pay its
foreign debts.
But, I think, currently three problems have acquired immense importance and, therefore, need immediate attention by the present government These three problems are: population bomb, water shortage and
foreign debts.
Moody's - one of the three main global credit rating agencies -anticipates that Pakistan would continue to fight tough against larger economic challenges such as repaying mounting
foreign debt amid rapidly declining foreign currency reserves during 2019.
The volume of Iran's
foreign debt by the end of Iranian month of Shahrivar (Sept.
