Pakistan seeks additional $1.5b from IMF to combat climate change

[FOOLS_NIGHTMARE]

Pakistan has requested an additional $1.5 billion loan from the International Monetary Fund (IMF) to combat the impacts of climate change in the country, ARY News reported.

During a meeting with IMF Managing Director Kristalina Georgieva, Prime Minister Shehbaz Sharif discussed the need for urgent action to control climate change in Pakistan.

The loan will support Pakistan’s Climate Resilience and Sustainability Facility, which aims to promote economic stability and sustainable development in the country.

The Prime Minister also expressed appreciation for the IMF’s technical assistance and capacity-building programs, which have helped to strengthen the country’s institutions and improve its economic management.

The IMF Managing Director expressed the Fund’s support for Pakistan’s efforts and emphasized the importance of maintaining macroeconomic stability and promoting inclusive and sustainable growth.

Read more: IMF approves US$7 billion bailout package for Pakistan

During the meeting, they also discussed the urgent need of mobilizing adaptation financing for climate change. The Prime Minister agreed to have the Finance Minister take up this critical issue with senior management at the IMF during the Annual Meetings in October.

The two leaders agreed to strengthen cooperation between the government and the IMF to promote economic stability and growth.

Its worth mentioning here that the International Monetary Fund (IMF) released the first tranche of $1 billion to Pakistan, which approved a $7 billion loan for Islamabad under the Extended Fund Facility. The new loan program for Pakistan spans 37 months.

 

[Cipher212]

IMF yaqeen karo. J-31 climate combat vaaste zaroori hunda

 

[PakFactor]

IMF yaqeen karo. J-31 climate combat vaaste zaroori hunda

I thought the $7 billion package was the last one. I tell you, in several months, another tranche of IMF funding will be needed. Out of this current trance, most will be debt servicing and replacing old debt with new debt.

It's like using one credit card to pay off another while squeezing out a Taco Bell meal.

 

[Cipher212]

I thought the $7 billion package was the last one. I tell you, in several months, another tranche of IMF funding will be needed. Out of this current trance, most will be debt servicing and replacing old debt with new debt.

It's like using one credit card to pay off another while squeezing out a Taco Bell meal.

It will be spent on beautifying Lahore and just overall, meaningless government spending

Just one day after IMF tranche is released I see six double decker buses to be used in Lahore for tourism. They look like those tfl arriva buses. Now who's going to maintain these foreign buses when they break? Eik eik part bahir se aye ga inka.

I know it's a small example but I promise you, you'll see a ton of development work being done in Lahore alone now that we have this tranche. Once this runs out, we will be gearing up for our 26th IMF programme.

 

[PakFactor]

It will be spent on beautifying Lahore and just overall, meaningless government spending

Just one day after IMF tranche is released I see six double decker buses to be used in Lahore for tourism. They look like those tfl arriva buses. Now who's going to maintain these foreign buses when they break? Eik eik part bahir se aye ga inka.

I know it's a small example but I promise you, you'll see a ton of development work being done in Lahore alone now that we have this tranche. Once this runs out, we will be gearing up for our 26th IMF programme.

I can only say, Inshallah, per Dar-o-nomics.

 

[nahtanbob]

It will be spent on beautifying Lahore and just overall, meaningless government spending

Just one day after IMF tranche is released I see six double decker buses to be used in Lahore for tourism. They look like those tfl arriva buses. Now who's going to maintain these foreign buses when they break? Eik eik part bahir se aye ga inka.

I know it's a small example but I promise you, you'll see a ton of development work being done in Lahore alone now that we have this tranche. Once this runs out, we will be gearing up for our 26th IMF programme.

I suppose there is some skill in being a beggar and living above your means
:-(

 

[Third eye]

Borrow like you never have to repay
Live like there is no tomorrow
Drive up the price of real estate in Dubai, Toronto, London & Kuwait

Umrao Jaan's getting old & running out of " assets" to part with, what will she then have to offer in exchange ..?

 

[Vikramaditya1]

Borrow like you never have to repay
Live like there is no tomorrow
Drive up the price of real estate in Dubai, Toronto, London & Kuwait

Umrao Jaan's getting old & running out of " assets" to part with, what will she then have to offer in exchange ..?

Maybe this time it'll all work out.

 

[alphapak]

More dollars for the Generals their bellies never fill up.

They are also planning now to make Fazlo Diesel as the President and
Bilawal as the next PM.

 

[Pradotlc]

I suppose there is some skill in being a beggar and living above your means
:-(

thanks for sharing your experience

 

[Pradotlc]

View attachment 67717
Pakistan has requested an additional $1.5 billion loan from the International Monetary Fund (IMF) to combat the impacts of climate change in the country, ARY News reported.

During a meeting with IMF Managing Director Kristalina Georgieva, Prime Minister Shehbaz Sharif discussed the need for urgent action to control climate change in Pakistan.

The loan will support Pakistan’s Climate Resilience and Sustainability Facility, which aims to promote economic stability and sustainable development in the country.

The Prime Minister also expressed appreciation for the IMF’s technical assistance and capacity-building programs, which have helped to strengthen the country’s institutions and improve its economic management.

The IMF Managing Director expressed the Fund’s support for Pakistan’s efforts and emphasized the importance of maintaining macroeconomic stability and promoting inclusive and sustainable growth.

Read more: IMF approves US$7 billion bailout package for Pakistan

During the meeting, they also discussed the urgent need of mobilizing adaptation financing for climate change. The Prime Minister agreed to have the Finance Minister take up this critical issue with senior management at the IMF during the Annual Meetings in October.

The two leaders agreed to strengthen cooperation between the government and the IMF to promote economic stability and growth.

Its worth mentioning here that the International Monetary Fund (IMF) released the first tranche of $1 billion to Pakistan, which approved a $7 billion loan for Islamabad under the Extended Fund Facility. The new loan program for Pakistan spans 37 months.

noonies .... their greatest achievement making Pakistan loanistan.....

congrats

PS foolishnightmare - are you going to remove donut from your diet?

 

[nahtanbob]

thanks for sharing your experience

I just wish I could