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'Loans over loans is not a solution,' says PM Shehbaz Sharif at UNGA

The Daily Guardian

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September 26, 2025

Prime Minister Shehbaz Sharif on Thursday urged the international community to fulfil its commitments on climate finance, stressing that debt-driven support could not address the catastrophe confronting vulnerable nations like Pakistan, Dawn reported.

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'Loans over loans is not a solution,' says PM Shehbaz Sharif at UNGA

Speaking at the Special Climate Event convened by United Nations Secretary General Antonio Guterres, along with the president of Brazil, the host of COP3O, Sharif said, “Loans over loans, [and] adding to loans is not a solution.” He called on developed countries to honour their pledges for the sake of future generations.

According to Dawn, the prime minister reminded delegates that Pakistan was still reeling from the devastation of the 2022 floods, which inflicted losses exceeding $30 billion, displaced millions and left behind lasting scars. Henoted that this year’s monsoon season had already “impacted more than five million people, destroyed 4,100 villages, and claimed over 1000 precious lives.”

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