Pakistan becomes largest recipient of ADB funded programmes in 2022

Pakistan becomes largest recipient of ADB funded programmes in 2022

Daily Current Affairs / Pakistan becomes largest recipient of ADB funded programmes in 2022

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Category : International Published on: April 29 2023

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Pakistan has become the largest recipient of the Asian Development Bank (ADB)-funded programmes/projects in the year 2022.
According to the ADB Annual Report 2022, out of total disbursement of over $31.8 billion to 40 countries, Pakistan received loans of $5.58 billion.
It should be noted that out of the total lending of $5.58 billion, Pakistan received concessional funding of $2.67 billion from the bank in last year.
In October, the ADB provided Pakistan with $1.5 billion, along with $500 million in co-financing, through the Building Resilience with Active Countercyclical Expenditures Programme.
Meanwhile, to improve health outcomes for Pakistani women, the ADB committed a $100 million loan for upgrading secondary hospitals in Khyber-Pakhtunkhwa, a province that suffers from a high infant mortality rate and maternal mortality ratio.
In Pakistan, the ADB signed a $300 million loan to further develop capital markets, promote private investment, and help mobilise domestic resources.

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