BEIJNG: A Chinese Foreign Ministry spokesperson on Thursday said that the financial policies of certain developed countries were the main reason behind the financial difficulties of a large number of developing countries including Pakistan and called on concerted efforts of all parties to play a constructive role in the economic and social development of Pakistan.
“It must be pointed out that the financial policy of a certain developed country is the main reason behind the financial difficulties of a large number of developing countries including Pakistan,” Mao Ning said while responding to a question during her regular briefing held here at the International Press Center (IPC).
She said that the Western-led commercial creditors and the multilateral financial institutions were the basic creditors for developing countries and added, “So, China calls on concerted efforts of all parties to play a constructive role in the economic and social development of Pakistan.”
Mano Ning highlighted, “China and Pakistan are all-weather strategic cooperation partners and iron-clad friends. The two sides have supported each other.”
“China always carries out economic and financial cooperation with Pakistan and helps Pakistan to achieve steady economic growth, improve its livelihood and achieve independence development,” she added.
Besides, Chinese Premier Li Keqiang talked with Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva on the phone at the latter’s request at Ziguangge of Zhongnanhai.
Premier Li noted that facing the complex and intricate international and regional environment, continuing the friendly cooperation between China and the IMF will benefit both sides and contribute to the international efforts against common challenges.
As the largest developing country and a strong advocate of South-South cooperation, China has made dedicated efforts to narrow the North-South gap, according to a press release issued by Chinese Foreign Ministry here on Thursday.
Addressing the debt problems of low-income countries requires the participation of all creditors. China is ready to play a constructive part in the resolution of the debt problems of relevant countries under multilateral framework. At the same time, China maintains that all parties should take actions together and shoulder the burden fairly, to help low-income countries overcome economic difficulties and achieve sustainable development. –Agencies
