Pakistan Calls for Stronger Representation of Developing Countries at G-24 Meeting
Washington, DC – Pakistan’s Finance Minister Muhammad Aurangzeb has urged for greater representation of developing countries in global financial institutions during the G-24 meeting held in Washington, DC. Emphasizing the importance of inclusive global financial governance, he called for reforms that give emerging economies a stronger voice in decision-making processes at institutions like the International Monetary Fund (IMF) and the World Bank.
Addressing Key Global Challenges
In his remarks, the Finance Minister highlighted the critical need to tackle climate change, debt burdens, and economic reforms, which disproportionately affect developing countries. Aurangzeb stressed that global financial institutions must offer fairer support and flexibility to countries dealing with economic instability and climate crises.
Stronger Trade Ties with Saudi Arabia
Aurangzeb also discussed the importance of deeper economic and trade partnerships with Saudi Arabia. As Pakistan seeks to strengthen its regional trade network, fostering closer ties with key partners like Saudi Arabia will be essential in achieving sustainable economic growth and stability.
Call for Fair Economic Reforms
The Finance Minister emphasized that developing nations must be given greater access to financing and policy support to implement structural reforms effectively. He stressed the importance of building equitable global financial policies that reflect the needs of both advanced and developing economies, particularly in a rapidly changing economic landscape.
This call for fairer representation and trade cooperation reflects Pakistan’s commitment to playing an active role in shaping the future of global financial governance. The G-24 meeting served as a platform for developing countries to present their shared challenges and advocate for a more inclusive and resilient global economy.
