KEY POINTS
- Emerging and developing economies urged to take larger role in global governance
- Collective dialogue and coordination essential amid geopolitical and technological challenges
- Growing economic weight of emerging markets requires stronger influence in global decision-making
ISLAMABAD: Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, has emphasised the need for emerging markets and developing economies to assume a more prominent role in global economic governance, reflecting their increasing share of global growth and output.
In an interview with the Saudi Press Agency on the sidelines of the second edition of the AlUla Conference for Emerging Market Economies, the minister highlighted the importance of coordinated engagement among policymakers to address complex global challenges, including geopolitical tensions, trade fragmentation, and rapid technological change, particularly in artificial intelligence.
Pakistan’s Finance Minister Aurangzeb noted that platforms like the AlUla Conference enable finance ministers and central bank governors from emerging and developing economies to exchange insights, align strategies, and strengthen cooperation, ensuring a stronger collective voice in international economic decision-making.
Finance Minister Aurangzeb underscored that the value of such engagements lies not only in dialogue but in the implementation of policies and strategies throughout the year, so that discussions lead to tangible outcomes.
He expressed confidence that greater coordination among emerging economies would contribute to a more inclusive and resilient global economic framework, better reflecting the evolving global economic landscape.
