Bangkok: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, alongside the Governor of the State Bank of Pakistan (SBP), engaged in discussions with Sara Jane Ahmed, Managing Director of the CVF-V20 Secretariat, focusing on climate finance and Pakistan’s Climate Prosperity Plan at the World Bank Group-IMF Annual Meetings 2026 in Bangkok, Thailand.

According to Press Information Department, the Finance Minister expressed his support for efforts aimed at increasing concessional financing and attracting sovereign investments in water, health, and education sectors. He acknowledged the importance of the proposed Lifeline Fund, which is anticipated to be ready by April 2027, with an initial mobilization of $500 million and plans for expansion beyond $2 billion.

The discussions sought clarity on the Fund’s contributions, governance, access, returns, and withdrawal mechanisms, which are still under development. The meeting also focused on the proposed country platform, investor book, BRIDGE initiative, and collaboration with Chinese institutions and development partners.

Emphasizing the need for line-ministry ownership, budget integration, and coordination with UNDP and other partners, the Finance Minister highlighted the importance of avoiding duplication in efforts to achieve the country’s climate and development goals.