BANGKOK (Special Correspondent) – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, addressing the G-24 Finance Ministers and Central Bank Governors’ Meeting in Bangkok, has called for a fundamental reform of the international financial architecture to better support the needs of developing economies. Speaking on the sidelines of the World Bank Group–IMF Annual Meetings 2026, the Minister underscored the urgent necessity of Finance Minister Muhammad Aurangzeb Backs V20 Climate Finance Agenda in Bangkok, emphasizing that global fragmentation is currently disrupting critical trade and investment flows.

Addressing Global Challenges

Senator Aurangzeb highlighted that developing nations are facing significant pressures, including severe climate shocks that are actively eroding hard-won development gains. He noted that restrictive financial conditions and widening financing gaps are stifling growth, demanding a more adaptive and responsive international financial framework. He explicitly called for timely international support for countries currently undertaking difficult structural reforms while simultaneously navigating external shocks beyond their control.

G-24 Priorities and Future Strategy

The Finance Minister outlined a strategic three-point agenda for the G-24: restoring development as the central objective of the international financial system, ensuring that Bretton Woods institutions become more representative and responsive to member needs, and constructing a robust, development-oriented global financial architecture. As Pakistan prepares to assume the role of incoming Chair of the G-24, Senator Aurangzeb reaffirmed the nation’s commitment to strengthening the collective influence of the group.

Reflecting on the progress made under Nigeria’s leadership, the Minister stressed the importance of ensuring that the voice of the Global South translates into tangible, concrete outcomes. He concluded by emphasizing the critical need for deeper cooperation among G-24 members and institutional partners to foster a more resilient, representative, and development-centred international economic order, echoing sentiments often discussed in broader forums such as those regarding Pakistan Economy Projected to Grow Over Four Percent This Year and the necessity of RCCI President Emphasizes Stronger Diplomatic Business Ties for Economic Growth.