Aurangzeb urges IMF to integrate social safety nets

By MG News | October 24, 2024 at 10:08 AM GMT+05:00

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October 24, 2024 (MLN): Finance Minister Muhammad Aurangzeb has emphasized the need for the International Monetary Fund to embed social protection measures in its lending frameworks.

He attended the meeting of the Managing Director of the IMF with Finance Ministers, Central Bank Governors, and Heads of Regional Financial Institutions of the MENAP region on Wednesday.

The Finance Minister urged the Fund to focus on enhancing climate resilience financing and to continue expanding debt relief and concessional financing mechanisms to support vulnerable nations.

He welcomed the incorporation of emerging challenges such as climate-related risks, domestic public debt, and complex debt restructuring scenarios in the review of the Low-Income Countries Debt Sustainability Framework (LIC-DSF).

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