Senator Aurangzeb, CVF-V20 discuss climate finance, Pakistan’s Climate Prosperity Plan

Mettis Global reported that Pakistan backs wider concessional lending and more sovereign-backed investment in water, health and education. Finance Minister Muhammad Aurangzeb held talks with Sara Jane Ahmed, Managing Director of the CVF-V20 Secretariat, on the sidelines of the World Bank Group-IMF Annual Meetings 2026, with the State Bank of Pakistan Governor in attendance. The discussion centred on climate finance and Pakistan's Climate Prosperity Plan.

Aurangzeb sought clarity on the proposed Lifeline Fund, which is slated for readiness by April 2027 and would start with $500mn in initial mobilisation before growing beyond $2bn. He asked for details on the fund's contributions, governance, access, returns and withdrawal rules, noting these remain under development. The two sides also reviewed a planned country platform, an investor book, the BRIDGE initiative and partnerships involving Chinese institutions and other development partners.

Aurangzeb also stressed that line ministries must take ownership of the agenda. He called for climate plans to be built into the budget. Coordination with UNDP and other partners, he said, is needed to prevent duplication.