Islamabad (TDI): The International Monetary Fund (IMF) has announced that its review mission will visit Pakistan to negotiate the next tranche of the $7 billion loan, with talks also set to focus on climate financing.
The IMF delegation will arrive in Pakistan in early March to conduct the first review of the current loan program.
IMF’s representative in Pakistan, Maahir Binesi, said that the delegation will engage in discussions regarding the next installment of the loan and will also review the technical aspects of climate financing at Islamabad’s request.
A separate IMF mission, which will focus on climate-related financial arrangements, is likely to visit Pakistan at the end of February.
During this visit, the technical team will assess the current climate financing initiatives and review potential arrangements for future support.
Read More: IMF Team to Visit Pakistan for $1b Climate Financing Talks
These talks are part of Pakistan’s efforts to secure financial resources to combat climate change, which has had a considerable impact on the country in recent years.
Moreover, IMF mission will also arrive in Islamabad next week to discuss around $1 billion in climate financing for Pakistan, an adviser to the Pakistan finance minister said on Thursday.
Advisor to Finance Minister Khurram Schehzad siad that the mission would visit from February 24 to 28 for a “review and discussion” of climate resilience funding.
Read More: IFC Lauds Pakistan’s IMF Engagement, Economic Reforms
The disbursement will take place under the IMF’s Resilience and Sustainability Trust, established in 2022 to provide long-term concessional cash for climate-related spending like adaptation and transitioning to cleaner energy.
Pakistan made a formal request in October 2024 for around $1 billion in funding from the IMF under the trust, to address the country’s vulnerability to climate change.
