Two additional IMF delegations will visit Pakistan this month, with separate negotiations planned for a total loan of $2.5 billion.
The first IMF delegation will arrive in Pakistan on February 24, focusing on discussions for a new concessional loan of $1.5 billion. This loan program is intended to address damages caused by climate change.
During the Prime Minister’s meeting with IMF Managing Director Kristalina Georgieva, discussions were held regarding this matter. The IMF delegation will negotiate the new climate change loan program. Pakistan’s economy suffered losses of $30 billion due to climate change two years ago, and the IMF aims to help mitigate these losses through the new loan program.
Under this program, the IMF will assess Pakistan’s climate change measures and targets. Discussions on the new climate change loan program are expected to continue until the first week of March.
In early March, an IMF economic review mission will also visit Pakistan. Negotiations will take place for the disbursement of the next $1 billion tranche from the $7 billion loan program. The IMF will be briefed on Pakistan’s economic performance from July to December.
