The International Monetary Fund has confirmed it will not increase Pakistan's $1.4 billion loan from its climate resilience fund, despite the country facing severe economic damage from recent floods. Pakistan, which recently reached a staff-level agreement with the lender, is the first in its region to access the climate-focused program. The devastating monsoon season has killed over 1,000 people and destroyed millions of acres of crops, but the IMF says no additional funding is currently under consideration. Pakistani authorities are continuing to implement economic reforms as part of broader efforts to stabilize the economy and recover from recent shocks.