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In a major boost to Pakistan’s public finance, the Asian Development Bank (ADB) has approved an $800 million package to support fiscal reforms and strengthen financial sustainability. The aid includes a $300 million policy-based loan and a landmark $500 million guarantee to attract up to $1 billion from commercial banks. Focus on Fiscal Sustainability The …
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The Asian Development Bank (ADB) has approved an additional $330 million in funding to strengthen Pakistan’s social protection programs. The funding will support the country’s federally administered programs under the ongoing Integrated Social Protection Development Program (ISPDP). Purpose of the Additional Financing The new funding will enhance grassroots-level social protection. It aims to help alleviate …
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Pakistan has signed a $500 million loan agreement with the Asian Development Bank (ADB) to strengthen its climate resilience and disaster response capacity. This initiative, under the Climate and Disaster Resilience Enhancement Programme, aims to improve Pakistan’s ability to plan, prepare, and respond to the growing challenges posed by climate change and natural disasters. Enhancing …
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The Asian Development Bank (ADB) has granted a $500 million loan to strengthen Pakistan’s climate resilience and disaster preparedness, addressing urgent challenges from climate change impacts. Pakistan’s climate vulnerability remains high, with recent natural disasters highlighting the need for improved disaster response systems. Building Climate and Disaster Resilience The Climate and Disaster Resilience Enhancement Programme …
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