対米全面テロ

Pakistan is seeking an unprecedented debt rescheduling agreement with the Paris Club of sovereign creditors, which would extend help on terms usually reserved for very poor countries.

If approved, Pakistan - which received a less generous Paris Club deal in January - would see the maturity of its government debt extended for up to 40 years and interest payments reduced.

This would cut government debt servicing costs from more than 60 per cent of budget revenues to close to 50 per cent in the short term.

The possible deal is part of a package pursued by governments to reward Pakistan for its role in the coalition against terrorism.

Large bilateral creditors, including the US, are said to have ruled out writing off debt outright but are seriously considering the current proposal.