Pakistan looks to receive $200 million climate fund from IMF
Pakistan moves closer to $200 million IMF climate funding amid ongoing economic talks
Pakistan is hopeful to receive $200 million from the International Monetary Fund under the Climate Financing Programme. The government has been working to meet IMF’s conditions to secure the funds.
Steps have been taken to address climate change, including a Rs2.50 levy on petrol and diesel to fulfill the IMF’s requirements. Climate budget tagging has also been extended to subsidies and grants to meet one of the program’s conditions.
The IMF is expected to release the funds over the next one-and-a-half years. On Thursday, officials said Pakistan and the IMF will continue talks on another round of funding from the $7 billion bailout plan, which aims to strengthen confidence in the country’s economy. These discussions are happening while keeping an eye on how the war in Iran could affect the region.
In a statement issued on Thursday, Iva Petrova, who led the IMF mission to Pakistan, said “While considerable progress was made in the discussions, these will continue in the coming days, including to more fully assess the impact of recent global developments on Pakistan’s economy and the EFF-supported programme.”
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The talks were aimed at reaching a staff-level agreement (SLA) on the third review of Pakistan’s $7 billion Extended Fund Facility (EFF) and the second review of the Resilience and Sustainability Facility (RSF).


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