FM Dar calls for unified action against climate change

October 16, 2022 (MLN): Finance Minister Ishaq Dar on Sunday highlighted the catastrophe and losses suffered by the country and sought policy support for Pakistan, a press release issued by the Ministry of Finance showed.

Dar welcomed new International Monetary Fund (IMF) instruments (Resilience and Sustainability Trust (RST) and Food Shock Window under Rapid Financing Instrument (RFI) to support countries.

FM Dar made these comments while meeting with MENAP Finance Ministers & Governors in Washington DC led by IMF.

IMF DMD expressed her deep sympathies with Pakistan and assured fund’s full support.

Addressing a meeting of MENAP (Middle East, North Africa, Afghanistan, and Pakistan) Ministers of Finance and Central Bank Governors with the Managing Director IMF Kristalina Georgieva, Finance Minister Senator Muhammad Ishaq Dar urged IMF to tailor its response to the situation in Pakistan and similar countries, by taking into consideration the serious economic, social and political challenges that these countries face in the backdrop climate induced calamities.

FM Dar and State Bank of Pakistan governor also met Her Majesty Queen Maxima of Netherlands on the sidelines of Annual meetings of IMF-WB to discuss financial inclusion and banking on equality. The two sides reiterated commitment to work together to achieve fast progress in the subjects discussed.

Finance Minister Senator Mohammad Ishaq Dar met Marwan Abdullah Yusuf Thunayan Al- Ghanem, Director General of Kuwait Fund and Mr. Masatsugu Asakawa, President Asian Development Bank.

He thanked the President ADB for support provided over the years as a major development partner of Pakistan and for the recent post flood commitments. ADB President assured the finance minister of approval of BRACE program amounting to $1.5 billion and of continued support to Pakistan.

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