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WorldLatest

Developing nations need help for infrastructure uplift: envoy

International financing required to enhance resilience of communities cope with climate change issues.

By Staff Writer

NEW YORK: Pakistan’s permanent representative to the United Nations Ambassador Munir Akram has called upon the international community to mobilize finances and enhance credit quality for private infrastructure investment in the developing countries. 

He made the demand  in his capacity as co-chair of the Group of Friends of Sustainable Infrastructure Investment in a statement during the UN General Assembly’s Sustainability Week.

Ambassador Akram said that developing countries do not have resources to finance infrastructure nor are they able to secure sufficient private investment. 

In the wake of the climate change challenges, the developing nations need financial assistance from developed countries to cope with disasters.

In this regard, the private sector can play an important role in helping governments raising awareness and resilience in communities. 

Staff Writer
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