ISLAMABAD: Federal Finance Minister Muhammad Aurangzeb says that the International Monetary Fund (IMF) Executive Board will approve the staff level agreement by the end of this month.
Speaking at the event in Islamabad, Federal Finance Minister Muhammad Aurangzeb said that Pakistan is included in the list of countries affected by climate change and climate financing will also be discussed after the agreement is approved by the IMF Executive Board. Climate financing will be discussed with the IMF and the World Bank during the annual meeting.
The Finance Minister further said that the population in Pakistan has increased a lot and the bomb of population growth has exploded in the country. Pakistan has to control the population while avoiding the effects of climate change. Effective plans must be made for financing the change.
He further said that the Ministry of Finance and the Ministry of Climate Change are working together with the IMF and the World Bank. To improve the country’s economic situation, the budget, tax measures, energy sector and quality of life must be improved. Monitoring of climate change projects should be improved in collaboration with the IMF and the World Bank.
Finance Minister Muhammad Aurangzeb further said that the private sector has to play its role to improve the country’s economy, we have to make important policies based on climate change to avoid the effects of climate change.
