Prosperity for Pakistan: A Resilient Economy
Prosperity for Pakistan: A Resilient Economy
November 9, 2023
Reform or Rupture: A Resilient Economy of Pakistan
The choice may appear clear between 'reform or rupture,' but it must be translated into bold and decisive action to pave the way for a prosperous, resilient Pakistan.
At the 78th U.N. General Assembly (UNGA) held in September this year, Secretary-General, Mr. António Guterres put forward a critical decision facing the world today. “It is reform or rupture,” he said, outlining unfolding fractures in global economic and financial systems. The Secretary-General stressed the need to redesign the international financial architecture for it to become truly inclusive and serve as a safety net for developing countries. Our UNDP Administrator, Achim Steiner, has also raised the alarm about the widening gap between 'the growth we get' – dominated by extraction, surging commodity prices, and unsustainable debt – and 'the development we want', which is driven by human-centered growth and innovation.
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