Islamabad is actively seeking to secure climate financing ranging from $1 billion to $1.5 billion from the International Monetary Fund (IMF) to address environmental challenges and implement sustainable policies. During discussions with the IMF technical team, Pakistani officials briefed the delegation on the nation’s significant climate risks and the measures being taken to mitigate them. The government assured the IMF of its commitment to enforcing green building codes in the construction of government buildings, a crucial step toward reducing environmental impact.
The IMF team received detailed information on Pakistan’s disaster risk strategy, air and water pollution control, and broader environmental protection initiatives. Officials emphasized that Pakistan is among the top 10 countries most affected by climate change and faces serious risks of further environmental degradation.
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In addition, the delegation was informed about efforts to improve coordination between federal and provincial governments in managing natural disasters, with new development projects including dedicated funds for environmental protection. Discussions also covered green budgeting practices, focusing on the tagging, tracking, and monitoring of environmental investments. The IMF delegation will compile a report assessing Pakistan’s climate resilience measures and its financing needs.
Pakistani officials stressed that substantial investments are necessary by 2030 to mitigate the impacts of climate change and build sustainable infrastructure, and they underscored the importance of international financial support in achieving these objectives.
Meanwhile, Pakistan is set to host an IMF delegation on March 3 as part of its efforts to secure the next $1 billion installment from the ongoing $7 billion bailout package. The nine-member delegation, led by Nathan Porter, is scheduled to remain in the country for approximately two weeks to conduct a comprehensive economic review.
