A four-member International Monetary Fund (IMF) technical delegation reached here on Monday for talks on climate financing.
According to sources, negotiations are scheduled between the IMF delegation and federal and provincial officials from today till February 28 “on green budgeting, climate spending tagging, tracking, and reporting.”
Sources stated that a proposal to impose a carbon levy in the budget for the fiscal year 2025-26 is under consideration.
A preliminary draft will be discussed during negotiations and the IMF will give suggestions on the levy, they added.
There will also be discussion on electric vehicles and subsidies, the sources said and added that the IMF delegation will also provide suggestions for expanding green budgeting in the upcoming budget.
The sources indicated that today’s discussions will focus solely on measures to counter climate change, with briefings on the federal and provincial initiatives on climate.
