Pakistan backs V20 climate finance agenda

Finance Minister Muhammad Aurangzeb reaffirmed Pakistan's backing for the V20 climate finance agenda at the 17th V20 Ministerial Dialogue in Bangkok, according to Mettis Global. He stressed fiscal responsibility and effective delivery of climate initiatives. The session was staged alongside the World Bank Group-IMF Annual Meetings 2026.

He said the country needs firmer domestic and foreign buffers to withstand climate challenges and geopolitical shocks. Aurangzeb also pointed to new openings for green investment, with the country's first green Panda bond as an example. He backed the planned V20 fund but stressed that it requires joint responsibility, answerability and efficient delivery, cautioning against initiatives that go unimplemented, using the Loss and Damage Fund as an example.

The minister thanked the V20 group for its help in developing Pakistan's Climate Prosperity Plan and for identifying projects capable of drawing climate funding. The remarks were detailed in a press release from the Ministry of Finance, as reported by Mettis Global.