IMF talks on $1bn climate funding kick off today

• Fund’s team to engage with key ministries, FBR, disaster agencies, provincial govts • Policy review to follow next week to assess govt’s performance under Extended Fund Facility • All but one structural benchmark ‘complete as of now’, sources say

ISLAMABAD: A technical mission from the International Monetary Fund (IMF) begins discussions in Islamabad today (Monday) on Pakistan’s request for over $1 billion in additional financing for climate resilience.

This will be followed by a policy review early next week to assess the authorities’ performance under the ongoing $7 billion Extended Fund Facility (EFF).

The technical team will engage mostly with key ministries, including planning, finance, climate change, petroleum, and water resources, as well as the Federal Board of Revenue, disaster management agencies and provincial governments.

Without going into specifics, the IMF resident representative in Is...
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