Exclusive-Pakistan requests $1 billion in IMF climate cash and sees reserves rising
By Karin Strohecker WASHINGTON (Reuters) -Pakistan is targeting around $1 billion in a formal request for funding from the IMF facility that helps lows and middle income countries mitigate climate risk, its finance minister told Reuters. “We have formally requested to be considered for this facility,” Finance Minister Muhammad Aurangzeb said in an interview on the sidelines of the IMF/World Bank autumn meetings in Washington. The International Monetary Fund had already agreed a $7 billion … Read more…