The International Monetary Fund (IMF) has announced that its examination mission will go to Pakistan to negotiate the next branch of the $ 7 billion loan, with discussions also focus on climate funding.
The IMF delegation is expected to arrive in Pakistan in early March to carry out the first examination of the current loan program.
According to the IMF representative in Pakistan, Maahir Binesi, the delegation will engage in talks concerning the next episode of the loan and will also examine the technical aspects of climate financing at the request of Pakistan.
A distinct mission of the IMF, which will focus on climate -related financial arrangements, should visit Pakistan at the end of February.
During this visit, the technical team will assess the current financing initiatives and will examine the potential arrangements for future support.
These discussions are part of Pakistan’s efforts to guarantee financial resources to combat climate change, which has had a significant impact on the country in recent years.
In addition, the IMF’s mission is also to arrive in Islamabad next week to discuss around $ 1 billion in climate funding for Pakistan, an adviser from the Pakistani Minister of Finance on Thursday.
Finance Minister Khurram Schehzad said Reuters That the mission would go from February 24 to 28 for an “examination and discussion” of the financing of climate resilience.
The disbursement will take place within the framework of resilience and Sustainability Trust of the Fund, created in 2022 to provide long -term concession species for climate -related expenses, such as adaptation and transition to cleaner energy.
Pakistan made an official request in October of last year for around $ 1 billion in IMF funding under the trust, in order to cope with the country’s vulnerability to climate change.
The country’s economy is on a long recovery after having been stabilized as part of a prolonged fundraising fund of $ 7 billion which he obtained at the end of last year.
Another IMF mission will arrive in Pakistan in the first week of March for a first exam of this establishment, said Schehzad.
The global climate risk index places Pakistan among the countries most vulnerable to climate change.
The floods in 2022, which, according to scientists, were aggravated by global warming, affected at least 33 million people and killed more than 1,700. The country’s economic difficulties and the burden of the high debt imposed its capacity to respond to the disaster.
