- The IMF team to maintain conferences on climate financing during the three -day stay.
- Will address problems such as green budgeting with the authorities.
- Second mission to reach next month concerning a loan ease of $ 7 billion.
Islamabad, Karachi: the Minister of Finance Muhammad Aurangzeb confirmed that a technical mission of the International Monetary Fund (IMF) has reached Pakistan to organize interviews on climate funding during his three -day stay.
Addressing the media on Monday, the financial TSAR also confirmed that a second team of the IMF would go next month to discuss questions relating to the prolonged funds of $ 7 billion in the country (EFF).
The confirmation of the federal minister comes after the resident chief of the IMF, Mahir Binici, said that two missions were to be provided for in Islamabad, with the first delegation which focuses on discussions concerning the assistance of the authorities under A resilience and sustainability agreement (RSF) was to review the country’s progress as part of the last rescue program.
According to well -placed sources, the mission of four members held an introductory meeting with officials from the Ministry of Finance and will engage in technical discussions to start today.
Note that IMF officials will take negotiations with the federal government as well as the provinces, the sources have added that the lender team would also address problems such as green budgeting, monitoring and the climate change report.
Climate -related discussions come in the context of Islamabad demand from $ 1 to 1.5 billion in funding to increase the existing loan by $ 7 billion under the EFR up to 8 or 8, $ 5 billion.
The conclusions of this technical mission, said the sources earlier, on the occasion of the first review as part of the EFF arrangement, while the IMF examination mission should visit Islamabad at the beginning of next month from From March 4, in order to discuss various sectors of the economy for almost 10 to 12 days after which the fund staff would take at least four to six weeks to present their report to the IMF executive council, provided that both parties have concluded an agreement at the level of staff in the next talks in the revision.
It is relevant to know that the first examination and approval of a billion dollars by the IMF executive council should be carried out by April 2025.
10 -point PSDP report from Govt
In order to qualify for the RSF, as indicated by The newsPakistan has prepared a report of public investment procedures and parameters under IMF conditions and its main contours will be discussed during the next parliays with the IMF technical team.
The federal government has also agreed with the IMF that no provincial project will be funded by the federal development allowance in the PSDP.
This report incorporated 10 factors on the basis of which the next regime of the public sector development program (PSDP) will be selected, in particular (i) strategic and main projects in progress, (ii) projects with 80% plus expenses with An estimate of realistic completion (((((ii)) exceptional and high score infrastructure projects (iv) Projects approved by DDWP Pre-scrutinized against the criteria given, (v) projects financed abroad with adequate RUP coverage the allowance within the Projects of Provincial Nature of the IBC, (VI) in 20 least developed districts (VII) in the newly mixed districts (NMDS) and in other fields to ensure fair regional development, (VIII) PPP projects, where PSDP financing is used as used as equity or as a viability, (ix) projects sensitive to the climate and resilients, (x) loans to investment projects.
It has also been decided with the consent of the National Economic Council (NEC) only 10% of new projects will be included in the PSDP list of the next budget for 2025-26.