Pakistan Seeks to Increase IMF Bailout to $7.5B-$8B for Climate Action

Pakistan considering increasing upcoming IMF bailout from $6B to $7.5B or $8B using climate finance and Extended Fund Facility
Discussed augmenting package when finalizing previous program but IMF rejected then
Could follow Bangladesh's approach of using IMF's Resilience and Sustainability Facility for affordable long-term climate finance
Pakistan recently approved Public Investment Management Assessment framework including Climate-PIMA under IMF guidelines
With tight fiscal space and urgent climate action, targeted reforms recommended to strengthen public investment management