The International Monetary Fund (IMF) has announced that its review mission will visit Pakistan to negotiate the next $ 7 billion loan with discussions that are also set to focus on climate financing.

The IMF delegation is scheduled to arrive in Pakistan in early March to complete the first review of the ongoing loan program.

According to the IMF’s representative in Pakistan, Maahir Binesi, the delegation will participate in conversations about the next installment of the loan and will also review the technical aspects of climate financing at Pakistan’s request.

A separate IMF mission that will focus on climate-related financial events is expected to visit Pakistan at the end of February.

During this visit, the technical team assesses the ongoing climate financing initiatives and undergoes potential events for future support.

These discussions are part of Pakistan’s efforts to ensure financial resources to combat climate change, which have had a significant influence on the country in recent years.

In addition, the IMF mission is also to arrive at Islamabad next week to discuss around $ 1 billion in climate financing for Pakistan, a Pakistan Finance Minister adviser said on Thursday.

Adviser to Finance Minister Khurram Schehzad told Reuters That the mission would visit from February 24 to 28 for a “review and discussion” of financing of climate consumption.

The payment takes place during the fund’s resilience and sustainability time created by 2022 to provide long -term concessions with cash -related expenses such as adaptation and transition to cleaner energy.

Pakistan made a formal request in October last year about about $ 1 billion in funding from the IMF during the Trust to tackle the nation’s vulnerability to climate change.

The country’s economy is on a long road to improvement after being stabilized during an IMF -expanded fund facility of $ 7 billion it secured late last year.

Another IMF mission arrives in Pakistan in the first week of March for a first review of this facility, Schehzad said.

The global climate risk index places Pakistan among the countries that are most vulnerable to climate change.

Floods in 2022, as scientists said, worsened by global warming, affected at least 33 million people and killed more than 1,700. The country’s economic struggles and high debt burden inhibited its ability to respond to the disaster.