IMF Team Arrives in Islamabad for $1 Billion Climate Funding Talks

A technical team from the IMF has landed in Islamabad to discuss Pakistan’s request for over $1 billion under the Resilience and Sustainability Facility (RSF). The talks will focus on climate adaptation and a review of Pakistan’s performance under the $7 billion Extended Fund Facility (EFF).

Over three weeks, the team will meet with key ministries, the Federal Board of Revenue, provincial governments and disaster management authorities. A full policy review will follow in early March.

Read more: IMF Delegation to Visit Pakistan for Climate Financing Talks

IMF’s representative Mahir Binici said the mission will assess Pakistan’s climate reforms and RSF technical requirements. Government officials have submitted the Climate-Related Public Investment Management Assessment (C-PIMA), aligning future budgets with IMF and World Bank guidelines.

Pakistan requested $1.2 billion in RSF funding last year to boost climate resilience. The IMF recommends allocating at least 1% of GDP (about Rs1.24 trillion) annually for climate adaptation to reduce the impact of extreme weather, especially floods.