SDG Summit 2023: Pakistan will seek climate justice, including the fulfillment of the pledge to provide over 100 billion dollars annually in climate finance at the forthcoming CoP28 Summit.
This was stated by the Caretaker Prime Minister of Pakistan Anwaar-ul-Haq Kakar while addressing the SGD Summit 2023 Leader’s Dialogue titled “Mobilizing Finance and Investments and the Means of Implementation for SDG Achievement” at the sidelines of the 78th Session of the UN General Assembly in New York today (Wednesday, September 20).
On this occasion, Caretaker Prime Minister Anwaar-ul-Haq Kakar said that Pakistan will also seek allocation of half of 100 billion dollars in climate finance to climate adaptation and the urgent launch of the Fund for “loss and damage”.
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The Premier highlighted that eight years after the adoption of Agenda 2030, only 12% of the SDG targets are on track, with the poly-crises of COVID, Climate, and Conflict having devastated the economies of developing countries. This has been further exacerbated by a ‘morally bankrupt’ international financial architecture.
PM Kakar welcomed the inclusion of many proposals advanced by Pakistan and other developing countries in the SDG Summit Political Declaration, including an endorsement of the Secretary General’s SDG Stimulus, early capitalization of Multilateral development banks, re-channeling of Special Drawing Rights (SDRs) for development, and reform of the international financial architecture. He proposed the creation of a Working Group of the General Assembly to ensure the immediate implementation of these agreements.
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