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

Change Language English Hindi

Category : International Published on: April 29 2023

Share on facebook
  • 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.
Recent Post's
  • Lt. Gen. Pushpendra Singh to take over as Vice Chief of Army Staff on Friday.

    Read More....
  • Shubman Gill becomes highest run-scorer as Indian Test captain in a single series with 743 runs.

    Read More....
  • From August 1, PSBs allowed to transfer unclaimed assets to IEPF under amended Banking Laws.

    Read More....
  • Cabinet approves four multi-tracking railway projects worth ₹11,169 crore across six states.

    Read More....
  • DPIIT signs MoU with Roche India to support healthcare startups in critical therapeutic areas.

    Read More....
  • Eminent economist and author Lord Meghnad Desai passes away at age 85.

    Read More....
  • ISRO scientist A. Rajarajan appointed Director of Vikram Sarabhai Space Centre from August 1.

    Read More....
  • Khalid Jamil becomes first Indian in 13 years to be appointed head coach of Indian men's football team.

    Read More....
  • Indian Navy receives third Project 17A stealth frigate ‘Himgiri’ from GRSE, Kolkata.

    Read More....
  • World Breastfeeding Week 2025 to be observed from August 1 to 7 with focus on healthcare system support.

    Read More....