ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Friday met with Managing Director of the CVF-V20 Secretariat Sara Jane Ahmed, on the sidelines of the World Bank Group-IMF Annual Meetings 2026 in Bangkok, Thailand, and discussed climate finance and Pakistan’s climate prosperity plan.
The minister was accompanied by State Bank of Pakistan (SBP) Governor Jameel Ahmad, said a news release.
Aurangzeb welcomed efforts to expand concessional financing and attract sovereign investment into water, health and education projects.
He appreciated the proposed Lifeline Fund, targeting readiness by April 2027, with initial mobilization of US$500 million and eventual expansion beyond US$2 billion.
The minister sought clarification on the Fund’s contributions, governance, access, returns and withdrawal arrangements, which remained under development.
The meeting also discussed the proposed country platform, investor book, BRIDGE initiative and cooperation with Chinese institutions and development partners.
The minister emphasized line-ministry ownership, budget integration and coordination with UNDP and other partners to avoid duplication.