BANGKOK (Special Correspondent) – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, addressed the G-24 Finance Ministers and Central Bank Governors’ Meeting in Bangkok, Thailand, emphasizing the urgent need for a restructured global financial architecture to better support developing nations. Speaking as the First Vice-Chair, the Minister noted that as the Finance Minister Aurangzeb Advocates for Global Climate Finance Reforms, his focus remains on addressing the multifaceted challenges currently stifling progress in the Global South.

Addressing Global Economic Hurdles

During the session held on the sidelines of the World Bank Group–IMF Annual Meetings 2026, Senator Aurangzeb highlighted that economic fragmentation is severely disrupting international trade and investment. He further pointed to climate-induced shocks, which are systematically eroding decades of development gains, alongside restrictive financial conditions and persistent financing gaps that threaten stability. The Minister underscored that the existing international financial architecture must evolve rapidly to keep pace with these systemic pressures, particularly for nations managing difficult domestic reforms while facing unpredictable external shocks.

Priorities for the G-24

Senator Aurangzeb delineated three core priorities for the G-24, aiming to shift the focus of the international financial system back toward sustainable development. He advocated for making Bretton Woods institutions more representative and responsive to the needs of emerging markets. Additionally, he called for the construction of a robust, development-oriented global financial framework capable of weathering future economic volatility. This approach aligns with broader objectives often discussed when the Finance Minister Aurangzeb Forecasts Over Four Percent Pakistan Economic Growth to ensure long-term sustainability.

Leadership and Collective Influence

Acknowledging the effective leadership of Nigeria, Senator Aurangzeb reaffirmed Pakistan’s commitment as the incoming Chair. He expressed his determination to strengthen the collective influence of the G-24, ensuring that the collective voice of the Global South is not merely heard but translates into tangible, concrete outcomes. The Minister emphasized the critical necessity of fostering closer cooperation among member nations and institutional partners to advance a more resilient and representative international economic order.