Washington-(Mudassar Iqbal)-Federal Finance and Revenue Minister Senator Muhammad Aurangzeb addressed the G24 ministers and governors meeting in Washington, emphasizing the need for joint efforts by human development agencies to combat climate change and population growth. He highlighted the importance of better cooperation to address issues like stunted mental and physical development of children in developing countries, particularly in Pakistan ¹.
As the second vice-chairman of Pakistan’s G24 Bureau for 2024-25, Senator Aurangzeb stressed the need to tackle pressing issues like the growing debt burden on developing countries. He also advocated for increased representation of developing countries in international financial institutions to effectively address climate-related risks ¹.
The G24 meeting, held on October 22, 2024, brought together ministers and governors from twenty-nine countries to discuss global economic challenges and opportunities. The meeting precedes the International Monetary and Financial Committee (IMFC) and Development Committee (DC) meetings.
Senator Aurangzeb’s call for cooperation and representation comes amid growing concerns about climate change, inequality, and debt sustainability. The International Monetary Fund (IMF) has also emphasized the need for collective action to address these challenges.
Key Takeaways:
– Climate Change and Population Growth: Joint efforts required to address these pressing issues
– Development Challenges: Better cooperation needed to tackle stunted mental and physical development of children in developing countries
– Debt Burden: Growing concern for developing countries, requiring urgent attention
– Representation: Increased representation of developing countries in international financial institutions crucial for effective climate risk management
