ISLAMABAD: Islamabad is actively pursuing climate financing between $1-1.5 billion from the International Monetary Fund (IMF) to combat environmental challenges and implement sustainable policies.
During discussions with the IMF technical team, Pakistani officials outlined the country’s climate risks and mitigation efforts. The government assured the IMF of its commitment to enforcing green building codes in government infrastructure to reduce environmental impact.
Officials provided a detailed briefing on disaster risk strategy, air and water pollution control, and broader environmental protection initiatives. They highlighted Pakistan’s vulnerability to climate change, ranking among the top 10 most affected countries globally. The delegation was also informed about enhanced federal-provincial coordination in disaster response and the inclusion of dedicated environmental protection funds in new development projects.
Discussions also covered green budgeting, focusing on tracking and monitoring environmental investments. The IMF delegation will now assess Pakistan’s climate resilience measures and financial needs in a detailed report.
Pakistani officials emphasized the urgent need for substantial investments by 2030 to mitigate climate change effects and develop sustainable infrastructure, stressing the importance of international financial support.
Meanwhile, Pakistan is set to host an IMF delegation on March 3 to discuss the release of the next $1 billion tranche from the ongoing $7 billion bailout package. The nine-member team, led by Nathan Porter, will conduct a two-week economic review, according to Finance Ministry sources.
