Pakistan Takes the G-24 Chair From 1 November 2026: Aurangzeb's 3 Priorities and a February 2027 Meeting in Pakistan
Pakistan became chair of the G-24 group of developing countries on 1 November 2026. See Aurangzeb's 3 priorities, the February 2027 meeting and what it means.
Pakistan took over as chair of the Intergovernmental Group of Twenty-Four (G-24) on 1 November 2026, and will host the group's Technical Group Meeting in February 2027. Finance Minister Senator Muhammad Aurangzeb set out three priorities on the first day and was briefed on the chair's duties by the G-24 Secretariat on 4 November.
The G-24 is a group of developing countries from Africa, Asia, Latin America and the Caribbean. It speaks for them on how the International Monetary Fund (IMF) and the World Bank are run and how they lend. Pakistan takes over from Nigeria.
We read both official releases on the Press Information Department (PID) site on 5 November 2026: the 1 November statement and the 4 November briefing. This page sets out what the chair does, what Pakistan says it wants, and what it means for people at home.
Pakistan chairs the G-24 from 1 November 2026
Pakistan formally assumed the G-24 chair on 1 November 2026. The finance minister called it a profound responsibility and said the group would work "from collective voice to collective influence, and from collective influence to meaningful progress".
The chair leads the group's meetings, steers its work programme and speaks for it in talks with the IMF and World Bank. The G-24 holds ministerial meetings alongside the IMF and World Bank Spring and Annual Meetings, so Pakistan's finance minister will lead those sessions during the term.
The releases do not state how long the term lasts. We have not found that on an official page, so we do not give an end date here.
Aurangzeb named three priorities for the chairmanship
The finance minister listed three priorities: put development at the centre of world economic policy, make the IMF and World Bank more representative of their members, and build a financial system that gives developing countries affordable money and debt solutions.
| Priority | What the release says it covers |
|---|---|
| 1. Development first | Stability as a base for investment, jobs and growth, not only crisis management |
| 2. Fairer institutions | More equitable governance and a bigger say for members in IMF and World Bank decisions |
| 3. Better financing | Affordable and timely development finance, sustainable debt solutions, stronger safety nets |
| Also named | Climate resilience and more public and private capital for developing countries |
| Working style | Consultation, consensus and collective advocacy across members |
He also said reforming economies need enough financing and policy space to grow, drawing on Pakistan's own recent stabilisation.
Pakistan will host the G-24 Technical Group Meeting in February 2027
At the 4 November briefing, Dr Iyabo Masha, Director of the G-24 Secretariat, told the finance minister about the group's structure, research agenda and work programme. Saif Ullah Dogar, Senior Advisor to the Executive Director at the IMF, also took part.
The main event ahead is the G-24 Technical Group Meeting, which Pakistan is expected to host in February 2027. Technical meetings prepare the analysis that ministers later discuss. The finance minister asked for early preparation and broad participation.
The steps of the year, as the releases describe them:
- 1 November 2026: Pakistan takes the chair and states its three priorities.
- 4 November 2026: the G-24 Secretariat briefs the finance minister.
- February 2027: Pakistan hosts the Technical Group Meeting.
- Spring 2027: G-24 ministers meet alongside the IMF and World Bank Spring Meetings.
- Annual Meetings 2027: G-24 ministers meet again, as they do each year.
The chair brings a voice, not a loan
Chairing the G-24 does not bring Pakistan any money by itself, and it does not change the terms of Pakistan's own IMF programme. What it gives is a platform: Pakistan sets the group's agenda and speaks for developing countries at the IMF and World Bank.
The subjects it will push are the ones that matter to Pakistan's own budget. Debt costs, the price of borrowing and access to climate money all shape how much the government can spend at home. The IMF's latest view of Pakistan is in our report on the IMF October 2026 outlook.
The last IMF and World Bank Annual Meetings, held in Bangkok in October, show how these talks work in practice. Our summary of what Pakistan agreed in Bangkok covers the deals made there.
What to watch during the term
Three things will show whether the chairmanship achieves anything: the agenda Pakistan publishes for the February meeting, the G-24 statements issued at the 2027 Spring and Annual Meetings, and any progress on IMF voting reform and debt relief.
The finance minister said the chair's success "will not simply be the strength of our voice, but the difference that voice makes". That is a fair test, and it can be checked against the communiques the group issues.
We will add the Technical Group Meeting date and agenda when they are published.
Common questions
What is the G-24?
The Intergovernmental Group of Twenty-Four, a group of developing countries from Africa, Asia, Latin America and the Caribbean that coordinates positions on the IMF, the World Bank and global finance.
When did Pakistan become G-24 chair?
On 1 November 2026, taking over from Nigeria.
Who leads Pakistan's chairmanship?
Finance Minister Senator Muhammad Aurangzeb, with support from the G-24 Secretariat led by its Director, Dr Iyabo Masha.
Does the G-24 chair bring Pakistan any funding?
No. The role is about agenda-setting and representation. It does not come with a loan or change Pakistan's IMF programme terms.
Where will the February 2027 meeting be held?
The releases say Pakistan will host it. They do not name the city or exact date yet.
How we verified this
What we checked, where we read it, and what we could not confirm.
Last checked 5 November 2026. Sources: Press Information Department, PR No. 01 of 1 November 2026, "Pakistan Assumes G-24 Chairmanship" (pid.gov.pk); PR No. 46 of 4 November 2026, "Finance Minister Sets Priorities for Pakistan's G-24 Chairmanship" (pid.gov.pk).
About the author
Global Affairs & Political Economy Writer
Muhammad Hatim is a book lover who started writing because he enjoys it. At Pakistan Era he writes about international relations, geopolitics and the global economy, with a particular interest in South Asia and the forces behind current events.
