Pakistan to Chair Global Borrowers Group Facing ‘Perfect Storm’

AI Summary

Pakistan was elected to chair a newly formed collective of developing-country borrowers facing mounting financial pressures described by UN Secretary-General António Guterres as a “perfect storm.” The group aims to represent countries navigating shared debt and financing challenges.

A newly formed borrowers’ collective of developing countries elected Pakistan to chair it as the group faced what United Nations Secretary-General António Guterres called “a perfect storm.”