Islamabad is actively pursuing climate financing worth $1-1.5 billion from the International Monetary Fund (IMF) as part of efforts to tackle environmental challenges and implement sustainable policies.
During discussions between the IMF technical team and Pakistani officials, the delegation was briefed on Pakistan’s climate risks and the steps being taken to address them. According to sources, the government assured the IMF of its commitment to implementing green building codes in the construction of government buildings, a key step towards reducing environmental impact.
The IMF team was given a detailed briefing on disaster risk strategy, air and water pollution control, and overall environmental protection initiatives. Officials highlighted that Pakistan ranks among the top 10 countries most affected by climate change and faces significant risks of further environmental damage.
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The delegation was also informed about Pakistan’s efforts to strengthen coordination between the federal and provincial governments in addressing natural disasters. The officials assured the IMF that new development projects would include allocated funds for environmental protection.
Another key area of discussion was green budgeting, with talks covering various aspects of tagging, tracking, and monitoring environmental investments. The IMF delegation will now compile a report assessing Pakistan’s climate resilience measures and financing needs.
Pakistani officials emphasized that heavy investments are required by 2030 to mitigate the impact of climate change and build sustainable infrastructure. They also underscored the importance of international financial support in achieving these goals.
Meanwhile, Pakistan is set to host an International Monetary Fund (IMF) delegation on March 3 as part of efforts to secure the next $1 billion installment from the ongoing $7 billion bailout package.
The nine-member delegation, led by Nathan Porter, will stay in the country for about two weeks to conduct a comprehensive economic review, sources from the Ministry of Finance confirmed.
