The Philippines pushed for expanded global support for job creation, financing, and climate resilience during the Intergovernmental Group of Twenty-Four Ministers’ and Governors’ Meeting held on April 14.

Representing the country, Finance Secretary Frederick Go highlighted the growing pressure on developing economies due to geopolitical tensions and climate-related risks.

Go said overlapping global challenges are straining countries’ fiscal capacity, stressing the need for “scaled-up and more flexible financing,” including budget support and emergency funding tools to help nations manage external shocks while sustaining social services.

He also called for stronger mobilization of private investments in key sectors such as infrastructure, energy transition, and digital services to drive job creation and economic growth.

In addition, Go emphasized the importance of investing in human capital to ensure that economic reforms translate into quality employment and improved livelihoods.

The finance chief underscored the urgency of enhancing climate and disaster resilience, particularly for vulnerable countries like the Philippines, through increased access to climate financing and technical assistance.

He also urged deeper multilateral cooperation to strengthen the global financial system and promote inclusive and sustainable development.

The G-24 is a coalition of developing nations that coordinates positions on international monetary and development issues and advocates reforms for financial stability and equitable growth.