Pakistan, itself burdened by heavy debt, has taken the chair of a UN-backed forum created to give developing countries a stronger voice on international borrowing. Pakistan’s Finance Minister Muhammad Aurangzeb accepted the chairmanship of the Borrowers’ Platform’s Governing Council in Bangkok on October 12, according to Pakistan’s government.
The serial borrower nation would be responsible for guiding cooperation on debt management, sharing reform experiences, and advancing the platform’s 2026-27 work programme.
The Borrowers’ Platform brings borrowing developing countries together to exchange knowledge, improve debt-management capacity and discuss common challenges, with the UN Conference on Trade and Development (UNCTAD), serving as…