Overview
- Speaking via video at COP-30’s Climate Finance Dialogue in Belém, Finance Minister Muhammad Aurangzeb urged faster disbursements, simpler access and stronger technical assistance for developing countries.
- He framed Pakistan’s needs as adaptation-first and noted national frameworks and the State Bank’s Green Taxonomy are in place to channel funds.
- Aurangzeb welcomed the World Bank’s 10-year partnership with a $2 billion annual commitment, with roughly one-third for climate projects, alongside ongoing ADB support.
- He pressed for streamlined accreditation, processing and disbursement at the Green Climate Fund and for the Loss and Damage Fund to move from planning to payouts.
- Pakistan outlined new financing tools including a forthcoming $90 million Ecumen fund, green Sukuk and carbon market pilots, plans to re-enter global markets, and an inaugural green-themed Panda Bond targeted before year-end, noting the earlier WAPDA green bond was oversubscribed.