Asian Development Bank to support Pakistan in building climate disaster resilience geo.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from geo.tv Daily Mail and Mail on Sunday newspapers.
India News: The Centre has allocated over Rs 23,000 crore towards State Disaster Response Fund (SDRF) for the second successive year in 2021-22, half of which ha
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
ADB concedes 22pc of loan projects in Pakistan facing risks thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.