Pakistani officials will hold talks with a technical mission of the International Monetary Fund (IMF) today in Islamabad to secure over $1 billion in additional financing to combat climate change.
The IMF delegation has arrived in Islamabad for the talks.
The talks will continue for three weeks, followed by a broader policy review early next week to assess Pakistan’s performance under the ongoing $7 billion Extended Fund Facility (EFF).
The IMF technical team will hold meetings with key ministries, including Planning, Finance, Climate Change, Petroleum, and Water Resources, as well as the Federal Board of Revenue (FBR), disaster management agencies, and provincial governments.
Mahir Benisi, the IMF’s resident representative in Islamabad, confirmed that discussions are ongoing but did not provide further details. Meanwhile, an IMF staff team is scheduled to visit Pakistan in mid-March to conduct the first review of the EFF-supported program and further assess Pakistan’s request for RSF assistance.
According to official sources, Pakistani authorities—especially the Ministries of Planning and Finance—have prepared documents for the Environment-related Public Investment Management Assessment (C-PIMA), in line with policy recommendations from the IMF and the World Bank.
Pakistan’s performance under the 39-month EFF program will also come under review. Sources revealed that out of multiple structural benchmarks, the country has successfully met only one so far, while some targets remain unachieved due to shifting domestic and international macroeconomic conditions.
