A NEW YORK Anwaarul Haq Kakar, the interim prime minister, said on Tuesday that while the Sustainable Development Goals (SDGs) are being achieved, appropriate resources be given to the developing countries.
He stated, while participating in the SDG Summit Leaders Dialogue 6 on the topic of “Mobilizing finance and investments and the means of implementation for SDG achievement,” that only 12% of the SDG targets were on track eight years after Agenda 2030 was adopted, with the poly-crises of Covid, Climate, and Conflict having wreaked havoc on developing nations’ economies.
A “morally bankrupt” worldwide financial architecture has made the situation worse.
The Sustainable Development Goals Summit, which will be held on September 18–19, will celebrate the halfway point in achieving the 2030 Agenda.
PM Kakar emphasizes proper funding for developing countries at the SDG meeting
PM Kakar emphasized that Pakistan will demand climate justice at the upcoming CoP28, including the fulfillment of the commitment to deliver over $100 billion yearly in climate finance, allocation of this to climate adaptation, and the urgent launch of the Fund for “loss and damage”.
The inclusion of numerous proposals put forth by Pakistan and other developing nations in the SDG Summit Political Declaration was welcomed by the prime minister. These proposals included support for the Secretary General’s SDG Stimulus, early capitalization of Multilateral Development Banks, rerouting of Special Drawing Rights (SDRs) for development, and reform of the global financial system.
To guarantee the prompt execution of these accords, he suggested that the General Assembly form a Working Group.
Kakar emphasized the need for sufficient funding, voiced Pakistan’s support for the Global Development Initiative (GDI), and urged action in crucial sectors to meet the Sustainable Development Goals.
He praised the milestones reached in the execution of the GDI, the most recent of which was the effective formation of the Inter-Agency Task Force on GDI, and he reiterated Pakistan’s support for it.
In order to achieve the SDGs, Prime Minister Kakar emphasized the importance of China’s Belt and Road Initiative and the China-Pakistan Economic Corridor.
In order to realize their shared goal of implementing the SDGs, he said Pakistan looked forward to strengthening its cooperation with China and the other members of the Group of Friends of GDI.
