UNITED NATIONS: Ambassador Munir Akram, Pakistan’s Permanent Representative to the United Nations, delivered a preliminary response, lauding the acceptance of the G-77 & China’s proposal on reforming the international financial architecture.
Emphasizing the need for more ambitious and specific actions, particularly in mobilizing development finance, Ambassador Akram underscored Pakistan’s commitment to advancing global financial reforms.
In his statement, Ambassador Akram commended the inclusion of the G-77 & China’s proposal in the revised draft, signaling a significant step towards addressing longstanding concerns regarding the international financial system.
He stressed the importance of pursuing comprehensive reforms that prioritize the mobilization of development finance to support sustainable development initiatives across the globe.
Highlighting Pakistan’s proactive engagement in advocating for financial reforms at the international level, Ambassador Akram reiterated the country’s commitment to fostering a more inclusive and equitable global financial architecture.
In a preliminary response, Amb Akram appreciated that the revised draft accepted the proposal of G-77 & China on the reform of international financial architecture & called for more ambitious and specific actions, especially with regard to the mobilization of development finance. pic.twitter.com/KlSE9LG5GF
— Permanent Mission of Pakistan to the UN (@PakistanUN_NY) May 16, 2024
He urged for greater ambition in the reform agenda, calling for specific measures to enhance financial stability and promote economic growth in developing countries.
Ambassador Akram’s remarks reflect Pakistan’s stance as a proactive participant in multilateral forums, advocating for reforms that align with the interests of developing nations. By emphasizing the importance of mobilizing development finance, he underscores Pakistan’s commitment to addressing the unique challenges faced by developing countries in accessing adequate financial resources for sustainable development.
Overall, Ambassador Akram’s preliminary response underscores the significance of the G-77 & China’s proposal in advancing international financial reforms and calls for further action to ensure the effective mobilization of development finance to support global development efforts.
