Pakistan advocates improved infrastructure connectivity among developing countries

During the UN General Assembly’s Sustainability Week in New York, Pakistan’s Permanent Representative to the United Nations, Munir Akram, spoke out on the urgent need for sustainable infrastructure investments. In his role as co-chair of the Group of Friends of Sustainable Infrastructure Investment, Akram stated that achieving the 17 Sustainable Development Goals by 2030 and meeting our climate targets will require a major shift towards sustainable infrastructure across several sectors, including energy, transport, housing, will take. , communications, and industrial and agricultural production and consumption.

Akram highlighted the challenges facing developing countries, saying many lack the public resources needed to finance infrastructure projects and struggle to attract sufficient private investment.

He called for a mobilization of significantly increased concessional financing to improve credit quality and provide incentives for private infrastructure investment in these countries.

The Pakistani envoy’s message underlines the importance of international cooperation and financial support in promoting sustainable development and tackling global challenges. By prioritizing investments in sustainable infrastructure, countries can take steps toward a more just and environmentally friendly future for all.