Pakistan: Flood Relief

Debate between Lord Ahmad of Wimbledon and Baroness Mobarik

Wednesday 7th September 2022 Lords Chamber

[Lord Ahmad of Wimbledon (Con)]

My Lords, I assure the noble Baroness that the points she raises are very valid. It is not just about a cross-government approach to climate change, but a global approach. That is why I am fully supporting, engaging with and will continue to engage with the current COP President, Alok Sharma. Prior to this catastrophe, in my role as Minister with responsibility for north Africa, I spoke directly to Egypt, which will hold the COP presidency, to ensure that the commitments mentioned earlier to meeting the challenges of climate change are kept. The United Kingdom very much stands at the forefront of that. We allocated £11.6 billion of climate finance funding. That support is not just pledged but delivered in a way that focuses on the specific issues. Looking at the lay of the land in Pakistan, important long-term investments need to be made in respect of adaptation and mitigation.

[Baroness Mobarik (Con)]

My Lords, rich countries promised to help finance lower income countries to deal with the impacts of climate change because of a recognition of their responsibility for historic carbon emissions. However, the target of £100 billion of climate finance by 2020 has never been reached. Does my noble friend agree that Pakistan should have its debt repayments suspended with immediate effect to ensure that much-needed resources are not sent out of the country at this time, as the human and economic costs the country faces are truly astronomical? Finance delivered in the past has been in the form of loans, not grants. Can we exert any pressure on the international community to do away with this debt?

[Lord Ahmad of Wimbledon (Con)]

My Lords, I know that the IFIs, including the IMF, are working with Pakistan on its current situation. My noble friend will know from her own insights that Pakistan has just agreed a programme with the IMF that was important, as I am sure she agrees, to ensure the economic stability of Pakistan for the medium term. This catastrophe was not foreseen but it could certainly have been mitigated, and that is why my noble friend talks about emissions and contributions.

It is important to look at the here and now. What can be put in place? What support can be offered to Pakistan? As we have seen in previous crises, including when we were gripped by the Covid pandemic, the decision was taken internationally to freeze debt interest repayment. I am sure that all the authorities concerned—the IFIs and the international organisations—are looking at the different proposals. The United Kingdom will also make sure its voice is heard.

Commonwealth Heads of Government

Debate between Lord Ahmad of Wimbledon and Baroness Mobarik

Thursday 27th May 2021 Lords Chamber

[Lord Ahmad of Wimbledon (Con)]

My Lords, I would say that it was not a delusion. We have already seen practical initiatives, including SheTrades, which has supported 3,300 women entrepreneurs. It is good that we see consistency across the piece between the two Commonwealth countries.

[Baroness Mobarik (Con)]

My Lords, one of our commitments was to lead and strengthen the structures of the Commonwealth to become a powerful economic bloc. Much of our focus since CHOGM 2018 has been on negotiating a free trade agreement with India, but there are other sizeable economies in south Asia. Will my noble friend tell me what efforts are being made to engage fully with Pakistan, Bangladesh and Sri Lanka in relation to trade?

[Lord Ahmad of Wimbledon (Con)]

My Lords, my noble friend is quite right that the issue of prosperity was a declared priority. We are working with associations within the Commonwealth, including that led by my noble friend Lord Marland on pursuing trade and business across the Commonwealth. There is a recognition of intra-Commonwealth trade and investment and an ambition has been set for $2 trillion-worth of trade. On south Asia, I can talk with some degree of insight as the Minister for South Asia. My noble friend is correct to point to India, but I can assure her that we are working in very practical terms with Pakistan, Bangladesh and Sri Lanka. We are very focused on the trade element, including setting up teams across Whitehall, which include not only FCDO Ministers, but DIT Ministers as well.