Pakistan seals IMF deal for climate financing boost
Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement on the first review of the $7 billion Extended Fund Facility and a new 28-month arrangement under the Resilience and Sustainability Facility (RSF) for $1.3 billion.Upon the approval of the IMF's Executive Board, Pakistan will receive $1 billion,…
IMF Climate Financing: Pakistan’s $1.3 Billion In Tranches
The International Monetary Fund (IMF) will give Pakistan $1.3 billion under its Resilience and Sustainability Facility (RSF) in tranches over 28 months, Director of Communications Julie Kozack has said. After Pakistan reached a staff-level agreement with the IMF over the weekend, some media reports gave the impression that Pakistan would…
IMF Climate Financing: Pakistan’s $1.3 Billion In Tranches
The International Monetary Fund (IMF) will give Pakistan $1.3 billion under its Resilience and Sustainability Facility (RSF) in tranches over 28 months, Director of Communications Julie Kozack has said. After Pakistan reached a staff-level agreement with the IMF over the weekend, some media reports gave the impression that Pakistan would…
IMF Team Arriving in Pakistan for $1 Billion Climate Financing Talks
Pakistan Finance Minister Muhammad Aurangzeb confirmed on Thursday that a team of the International Monetary Fund (IMF) would visit Islamabad from February 24-28 to discuss climate financing amounting to at least $1 billion.In an informal talk with reporters, he said that discussions with the IMF team would be held on…
