seeking climate cash
ISLAMABAD: Pakistan has requested the International Monetary Fund (IMF) to review the possibility of extending another $1 billion to $1.5 billion programme to meet the financing requirements for long-term reforms for mitigating the impacts of climate change. The issue of the new programmethe Resilience and Sustainability Facility (RSF)was raised by Pakistani authorities during a meeting between Prime Minister Shehbaz Sharif and IMF Managing Director Kristalina Georgieva. The meeting was held after the IMF board meeting on Wednesday and on the sidelines of the United National General Assembly session in New York. “During the meeting, they discussed the urgent need of mobilizing adaptation financing for climate change,” said a statement from the Prime Minister’s Office on Thursday. The prime minister agreed to have the finance minister take up this critical issue with senior IMF management during the Annual Meetings in October, it further stated.
