Washington (TDI): Minister for Finance Muhammad Aurangzeb has urged all development partners to work together to resolve the persistent issues of climate change, population growth and child stunting faced by developing countries, especially Pakistan.
In his statement on becoming the Second Vice Chair of G-24 Bureau during the fiscal year 2024-25, Finance Minister emphasized the need to address issues including high debt burdens on developing countries, need for climate action and greater representation of developing countries in the Bretton Woods institutions.
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Meanwhile, Finance Minister participated in the V20 Ministerial Dialogue on the theme “Realizing Climate Prosperity through Financial Reform, Debt Solutions, and Affordable Capital”.
In his intervention, he informed that Pakistan was developing its Climate Prosperity Plan.
He emphasized the need to reform global finance to “make debt work for the climate” and called upon Multilateral Development Banks (MDBs) to expand grant opportunities and concessional financing windows.
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He also endorsed the official recognition of the V20 by the International Monetary Fund (IMF) as an official intergovernmental group.
