Finance Minister Muhammad Aurangzeb has called for greater accountability in international climate finance, warning that funding commitments must lead to actual implementation rather than remain unfulfilled promises.

Speaking at the 17th V20 Ministerial Dialogue in Bangkok on October 12, on the sidelines of the World Bank and International Monetary Fund (IMF) Annual Meetings, Aurangzeb reaffirmed Pakistan’s support for the V20 climate finance agenda.

He appreciated the V20’s assistance in developing Pakistan’s Climate Prosperity Plan and identifying bankable projects that could attract climate-related investment.

Aurangzeb also stressed the importance of maintaining fiscal discipline and strengthening domestic and external financial buffers to help Pakistan withstand climate-related challenges and geopolitical shocks.

The finance minister highlighted opportunities to attract green investment, including Pakistan’s first green Panda bond, and welcomed a proposed fund initiative. However, he said such efforts required shared responsibility, accountability and effective execution to deliver results.

Referring to the Loss and Damage Fund, Aurangzeb cautioned against climate finance initiatives that fail to move beyond commitments and become operational.

He reaffirmed Pakistan’s commitment to supporting the V20’s efforts to mobilize climate financing and called for stronger implementation to ensure that pledged support translates into tangible outcomes.