Washington: Finance Minister Muhammad Aurangzeb emphasized the necessity of integrating climate considerations into macroeconomic and financial policies during the 13th Ministerial Meeting of the Coalition of Finance Ministers for Climate Action. This assembly took place alongside the IMF-World Bank Spring Meetings 2025.
Aurangzeb outlined Pakistan’s proactive measures against climate change, highlighting the nation’s Climate Prosperity Plan and Climate Finance Strategy. These initiatives underscore Pakistan’s commitment to addressing environmental challenges through strategic planning.
During the meeting, Aurangzeb detailed the 10-year Country Partnership Framework established with the World Bank, which prioritizes climate-focused pillars such as resilience and decarbonization. This agreement represents a significant step in aligning Pakistan’s economic strategies with global climate objectives.
Additionally, the Finance Minister shared Pakistan’s progress in securing a Staff Level Agreement with the IMF. This new arrangement under the Resilience and Sustainability Facility (RSF) aims to bolster long-term balance of payments stability, addressing the economic impacts of climate change.
Aurangzeb’s participation in the ministerial meeting reflects Pakistan’s ongoing efforts to position itself as a responsible and proactive member of the global community in tackling climate-related economic challenges.