Pakistan backs V20 climate finance agenda

MG News | October 12, 2026 at 01:02 PM GMT+05:00

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October 12, 2026 (MLN): Pakistan has reaffirmed its support for the Vulnerable Twenty Group of Countries (V20) climate finance agenda, with Finance Minister Muhammad Aurangzeb stressing fiscal responsibility and effective implementation of climate initiatives.

He said domestic and external buffers must be strengthened against climate challenges and geopolitical shocks, and pointed to openings to mobilise green investment, citing Pakistan’s inaugural green Panda bond.

He welcomed the proposed V20 fund initiative but said it needs collective ownership, accountability and effective implementation, and warned against initiatives being left unimplemented, citing the Loss and Damage Fund as an example.

Senator Aurangzeb, spoke at the 17th V20 Ministerial Dialogue, held on the sidelines of the World Bank Group-IMF Annual Meetings 2026 in Bangkok, Thailand, according to a press release issued by the Ministry of Finance.

He thanked the V20 for its support in developing Pakistan’s Climate Prosperity Plan and in identifying bankable projects to attract climate finance.

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