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IMF rules out increasing Pakistan’s $1.4 billion climate resilience loan despite floods
KARACHI: An International Monetary Fund (IMF) official confirmed on Tuesday that the global lender was not considering increasing the amount of Pakistan’s $1.4 billion loan from its climate resilience fund, as Islamabad assesses economic damages from the recent devastating floods. Islamabad and the IMF reached a staff-level agreement on the second review under Pakistan’s Extended Fund Facility (EFF) and the first review under the lender’s Resilience and Sustainability Facility (RSF) last week.
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arabnews.com
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Pakistan calls for operationalizing Loss and Damage Fund at IMF-World Bank meetings
ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb this week stressed the need to operationalize the Loss and Damage Fund at the sidelines of the International Monetary…
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IMF rules out increasing Pakistan’s $1.4 billion climate resilience loan despite floods
KARACHI: An International Monetary Fund (IMF) official confirmed on Tuesday that the global lender was not considering increasing the amount of Pakistan’s $1.4 billion loan from…