Pakistan committed for economic uplift, climate resilience: Dr Shamshad
Pakistan
She was speaking at the "V20 Ministerial Dialogue X" for the most climate-vulnerable economies
(Web Desk) – Minister for Finance Dr. Shamshad Akhtar has reinforced Pakistan's commitment to sustainable economic development and climate resilience.
She was speaking at the "V20 Ministerial Dialogue X" conducted for the most climate-vulnerable economies, on the sidelines of annual meeting of World Bank and International Monetary Fund in Moroccan city Marrakech.
The discussions focused on developing global strategies to avert the impending climate breakdown.
The caretaker Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar, participated in the "V20 Ministerial Dialogue X" conducted for the most climate-vulnerable economies, aimed at developing global strategies to avert impending climate breakdown. (1/2) pic.twitter.com/7lzMa3ZA3z
— Ministry of Finance (@FinMinistryPak) October 15, 2023
The ministry of finance, in a message posted on social media website X, formerly twitter, wrote that the “caretaker Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar, participated in the "V20 Ministerial Dialogue X" conducted for the most climate-vulnerable economies, aimed at developing global strategies to avert impending climate breakdown.
“Dr. Shamshad Akhtar expressed the commitment of the Government Pakistan to addressing climate-related financing challenges & brought valuable insights to the dialogue, reinforcing Pakistan's commitment to sustainable economic development and climate resilience.”
Earlier, the caretaker minister met IMF managing director, senior managing director of the World Bank, officials of Moody’s and S&P Global and discussed with them measures taken by the Pakistan government to stabilise economy.
The global lenders agreed to cooperate with the government of Pakistan for stability of economy.
Also read: IMF closes Morocco meetings without consensus on funding terms
International Monetary Fund countries failed to agree on a US-backed plan to boost IMF funding without giving more shares to China and other big emerging markets, but pledged a "meaningful increase" in lending resources by year-end. As IMF and World Bank annual meetings in Morocco closed, a statement from IMF's steering committee chair called for new quota contributions that would "at least maintain the Fund's current resource envelope" as $185 billion worth of bilateral borrowing arrangements expire.
