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Rs 23,000 crore given to state disaster fund, 50% of it for Covid fight | India News

ADB disbursed $1 78 billion to Pakistan in 2020

ADB concedes 22pc of loan projects in Pakistan facing risks

ADB concedes 22pc of loan projects in Pakistan facing risks Business April 28, 2021 ISLAMABAD: Amid decreasing disbursements from $2.28 billion in 2019 to $1.7 billion in 2020 for Pakistan, the Asian Development Bank (ADB) has conceded that almost 22 percent of its existing portfolio of 46 ongoing projects are categorised for facing risks. The ADB also provided $500 million financial support to Pakistan for pandemic response. According to the annual report released on Tuesday, the Manila based financial institution dwelt upon regarding operational challenges in Pakistan and stated that the COVID-19 pandemic continues to pose a major health care and economic challenge to Pakistan. Continued efforts toward fiscal consolidation and policy reforms will be key to sustaining improvements in macroeconomic stability, especially in broadening the tax base and improving the business environment. Furthermore, reforms are required to promote high value-added exports, expand social spendin

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