Pakistan calls for urgent grant-based climate finance at COP30 as losses mount

Picture of Pakistan's Punjab pavilion at the COP30 conference in Belém, Brazil, shared by Punjab's minister of planning and development on November 10, 2025. (@Marriyum_A/X)
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Updated 23 November 2025
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Pakistan calls for urgent grant-based climate finance at COP30 as losses mount

  • Pakistan, which ranks most climate-vulnerable nations, has suffered huge human, economic losses due to erratic weather events in recent years
  • In May, Pakistan got a $1.4 billion climate resilience loan from the IMF, becoming the first such country in the Middle East and Central Asia region

Islamabad: Pakistan has urged the international community to ensure rapid, grant-based and predictable financing for climate-vulnerable developing countries, warning that repeated extreme weather events were deepening debt distress and slowing development progress in nations least responsible for global emissions.

The call was made at a high-level side event, titled “Operationalizing Loss and Damage: Financing Resilience and Recovery in Vulnerable Countries,” organized jointly by Pakistan’s Climate Change & Environmental Coordination Ministry and UNICEF at the Pakistan Pavilion on the sidelines of the UN climate summit (COP30) in Belém, Brazil.

Pakistan ranks among nations most vulnerable to climate change and has seen erratic changes in its weather patterns that have led to frequent heatwaves, untimely rains, storms, cyclones, floods and droughts in recent years. In 2022, monsoon floods killed over 1,700 people, displaced another 33 million and caused over $30 billion losses, while another 1,037 people were killed in floods this year.

In her keynote address at the COP30 event, Pakistan’s Climate Change Secretary Aisha Humera Moriani said Pakistan was investing heavily in strengthening national climate resilience, recalling how the devastating floods in 2022 and 2025 displaced millions, destroyed large-scale infrastructure and caused multi-billion-dollar economic losses.

“The scale and frequency of such disasters in developing countries underscore the disproportionate climate burden placed on nations that played almost no role in heating the planet,” she said, calling for rapid, grant-based climate financing for these nations.

The event brought together representatives of the newly created Fund for Responding to Loss and Damage (FRLD), government officials, development partners and experts to discuss practical steps for operationalizing the global Loss and Damage architecture, according to Pakistan’s Press Information Department (PID).

The speakers noted that repeated climate shocks had pushed many vulnerable economies into what they described as a “debt emergency,” forcing them to borrow for recovery and reconstruction in the absence of adequate grant-based support.

They stressed that new, additional and concessional financing was essential if Loss and Damage assistance was to be transformative rather than short-term. They highlighted that children were bearing the heaviest share of the crisis, with Pakistan having nearly half of its population below the age of 18.

Moriani warned that recurring disasters were undermining nutrition, health, schooling and mental wellbeing of Pakistani children.

“Climate disasters are not only destroying infrastructure, they are also robbing a generation of its right to safety and opportunity,” she said.

The speakers called for prioritizing simplified application procedures, faster disbursement mechanisms and flexible financial windows to ensure timely and equitable financing for countries with limited fiscal room. They urged mechanisms that could respond effectively to slow-onset threats such as glacial melt, sea level rise and desertification, in addition to sudden disasters.

Muhammad Saleem Shaikh, a Pakistani Climate Change Ministry spokesperson, said a major focus of the discussion was directing support toward the most vulnerable segments, particularly children and young people, adding that non-economic losses such as trauma, cultural disruption, displacement and the breakdown of community structure have remained under-addressed in global policy frameworks.

Pakistan announced its readiness to submit two proposals under the FRLD’s initial funding cycle, aimed at reconstruction of critical social infrastructure and strengthening resilience in key sectors, including agriculture, community systems and water resources, according to Shaikh. But the scale of loss far outstrips national capacity, despite continuing efforts to mobilize domestic resources.

While several countries pledged to fund climate-resilience initiatives in Pakistan after the deadly 2022 floods, only a fraction of those pledges could be realized. The situation forced Pakistan to seek a $1.4 billion climate resilience loan from the International Monetary Fund (IMF) and it became the first country in the Middle East and Central Asia region to access the lender’s Resilience and Sustainability Facility (RSF) program.

Moriani reaffirmed Pakistan’s commitment to working with the UN, international partners and climate finance bodies to create a fair global framework for climate recovery. She said the aim was to ensure that vulnerable states receive the resources needed to recover, rebuild and thrive in a world experiencing accelerating climate impacts.

“Climate justice demands immediate access. Our people cannot wait,” she stressed, urging international partners to translate political commitments into concrete financial support for the most vulnerable.


World Bank president in Pakistan to discuss development projects, policy issues

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World Bank president in Pakistan to discuss development projects, policy issues

  • Pakistan, World Bank are currently gearing up to implement a 10-year partnership framework to grant $20 billion loans to the cash-strapped nation
  • World Bank President Ajay Banga will hold meetings with Pakistan Prime Minister Shehbaz Sharif and other senior officials during the high-level visit

ISLAMABAD: World Bank President Ajay Banga has arrived in Pakistan to hold talks with senior government officials on development projects and key policy issues, Pakistani state media reported on Sunday, as Islamabad seeks multilateral support to stabilize economy and accelerate growth.

The visit comes at a time when Pakistan and the World Bank are gearing up to implement a 10-year Country Partnership Framework (CPF) to grant $20 billion in loans to the cash-strapped nation.

The World Bank’s lending for Pakistan, due to start this year, will focus on education quality, child stunting, climate resilience, energy efficiency, inclusive development and private investment.

"World Bank President Ajay Banga arrives in Pakistan for a high-level visit," the state-run Pakistan TV Digital reported on Sunday. "During his stay, he will meet Prime Minister Shehbaz Sharif and other senior officials to discuss economic reforms, development projects, and key policy issues."

Pakistan, which nearly defaulted on its foreign debt obligations in 2023, is currently making efforts to stabilize its economy under a $7 billion International Monetary Fund (IMF) program.

Besides efforts to boost trade and foreign investment, Islamabad has been seeking support from multilateral financial institutions to ensure economic recovery.

“This partnership fosters a unified and focused vision for your county around six outcomes with clear, tangible and ambitious 10-year targets,” Martin Raiser, the World Bank vice president for South Asia, had said at the launch of the CPF in Jan. last year.

“We hope that the CPF will serve as an anchor for this engagement to keep us on the right track. Partnerships will equally be critical. More resources will be needed to have the impact at the scale that we wish to achieve and this will require close collaboration with all the development partners.”

In Dec., the World Bank said it had approved $700 million in ​financing for Pakistan under a multi-year initiative aimed at supporting the country's macroeconomic stability and service delivery.

It ‍followed a $47.9 ‍million World Bank grant ‍in August last year to improve primary education in Pakistan's most populous Punjab province.