ISLAMABAD: G-24 Secretariat briefs Finance Minister on Chairmanship responsibilities and forward work programme; Minister outlines priorities for advancing the collective interests of emerging markets and developing economies
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, received a virtual briefing from Dr. Iyabo Masha, Director of the G-24 Secretariat, on the responsibilities and forward work programme associated with Pakistan’s assumption of the Chairmanship of the Intergovernmental Group of Twenty-Four (G-24) on November 1, 2026. Saif Ullah Dogar, Senior Advisor to the Executive Director at the International Monetary Fund (IMF), also participated in the briefing.
Dr. Masha briefed the Finance Minister on the G-24’s institutional framework, ongoing policy and research agenda, and engagement with international financial institutions and other multilateral for a. She also outlined the Group’s forthcoming work programme, including preparations for the G-24 Technical Group Meeting to be hosted by Pakistan in February 2027 and the Ministerial Meetings held in conjunction with the IMF–World Bank Spring and Annual Meetings.
The Finance Minister appreciated the role of the G-24 Secretariat in supporting the Group’s work and advancing the collective interests of emerging markets and developing economies. Building on the work of previous Chairmanships, he outlined his vision for Pakistan’s tenure, emphasizing a focused, inclusive, and forward-looking agenda anchored in policy coordination, consensus-building, and substantive engagement across the G-24 membership.
Senator Muhammad Aurangzeb underscored the importance of strengthening the G-24’s role in global economic and financial policy discussions, particularly on reforms of the international monetary and financial system, access to adequate and affordable development financing, and measures to strengthen resilience and address vulnerabilities in emerging markets and developing economies. He emphasized the importance of ensuring that the perspectives and development priorities of these economies are adequately reflected in the deliberations and decision-making of international financial institutions.
The Finance Minister further highlighted the opportunity presented by Pakistan’s Chairmanship to build greater convergence around issues of common interest to the Global South and strengthen the collective voice of developing economies in shaping a more responsive international financial architecture. He stressed the importance of complementing stronger representation with constructive engagement and practical policy proposals capable of contributing to broader international consensus.
Against the backdrop of heightened global uncertainty, geopolitical and geoeconomic fragmentation, persistent development financing gaps, and growing pressures on developing economies, the Finance Minister emphasized the importance of a G-24 agenda that is responsive to emerging risks while remaining firmly anchored in the Group’s longstanding development priorities. He highlighted the need for effective multilateral cooperation, adequate and affordable development financing, stronger economic resilience, and greater opportunities for trade, investment, and economic integration.
The Finance Minister reaffirmed Pakistan’s commitment to pursuing a substantive, inclusive, and results-oriented Chairmanship, supported by sustained engagement with member countries, consensus-building, and a focused set of actionable policy priorities. He emphasized that Pakistan would seek to foster greater convergence across the membership while contributing constructively to the broader international dialogue on reforms of the global economic and financial system.
The briefing also covered preparations for the G-24 Technical Group Meeting, expected to be hosted by Pakistan in February 2027. The Finance Minister emphasized the importance of early preparation, broad participation, and substantive policy deliberations to ensure that the Technical Group Meeting provides a strong analytical and policy foundation for the Group’s subsequent ministerial deliberations and engagements.
Looking ahead, the Finance Minister underscored the importance of close coordination with the G-24 Secretariat as Pakistan further develops its Chairmanship priorities and prepares for the February 2027 Technical Group Meeting and forthcoming G-24 engagements. He also highlighted the value of continued consultations across the membership to identify areas of common interest, build consensus around shared priorities, and translate these priorities into practical and actionable policy proposals.
The Finance Minister reiterated Pakistan’s commitment to working closely with the G-24 Secretariat and member countries to strengthen the Group’s collective voice, advance the shared priorities of the Global South, and contribute constructively to efforts toward a more inclusive, responsive, and resilient international monetary and financial system.
Copyright Business Recorder, 2026