Washington: Finance Minister Muhammad Aurangzeb has emphasized the importance of integrating climate considerations into macroeconomic and financial policies, urging the design of investable and bankable climate projects. He made these remarks while participating in the 13th Ministerial Meeting of the Coalition of Finance Ministers for Climate Action, conducted alongside the IMF-World Bank Spring Meetings 2025 in Washington.

According to Radio Pakistan, the Minister highlighted Pakistan’s initiatives to tackle climate change, including the development of a Climate Prosperity Plan and a Climate Finance Strategy. He informed the meeting participants about the 10-year Country Partnership Framework signed with the World Bank, which includes climate-focused pillars, specifically targeting resilience and decarbonization.

Muhammad Aurangzeb further briefed the attendees that Pakistan has secured a Staff Level Agreement with the IMF on a new arrangement under the Resilience and Sustainability Facility (RSF). This arrangement aims to support long-term balance of payments stability in the context of climate change.