Finance Minister makes case for stronger Borrowers’ Forum, Global South representation

MG News | October 15, 2026 at 02:26 PM GMT+05:00

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October 15, 2026 (MLN): Finance Minister Senator Muhammad Aurangzeb has called for a stronger Borrowers’ Forum, a bigger voice for the Global South and more responsive international financial institutions, as he discussed development financing, debt and climate resilience with the United Nations.

The Federal Minister for Finance and Revenue met UN Deputy Secretary-General Amina J Mohammed on the sidelines of the World Bank Group-IMF Annual Meetings 2026 in Bangkok, Thailand, according to a press release issued.

Senator Aurangzeb discussed strengthening the Borrowers’ Forum through peer learning, continuity in governance and an effective virtual Secretariat. Both sides stressed the need for adequate financing for the Sustainable Development Goals, poverty reduction, social protection and decent jobs.

The talks also covered gaps in climate financing, simpler access to funds and stronger capacity to prepare bankable projects.

The finance minister further pointed to local currency financing as a way to reduce exchange rate risks, alongside accountable domestic policymaking.

He thanked Amina J Mohammed for appreciating Pakistan’s mediation efforts in the recent US-Iran crisis.

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