ADB approves 500mn dollars loan to support climate, disaster resilience in Pakistan
ISLAMABAD - The Asian Development Bank has approved a $500 million policy-based loan to support climate change and disaster risk reduction and resilience in Pakistan .
Pakistan is one of the most vulnerable countries to climate change and disasters triggered by natural hazards in Asia and the Pacific. Average losses from disaster events exceed $2 billion per year. Women and other vulnerable groups are disproportionately affected by climate change and disaster events.
“We are proud to support an integrated and comprehensive approach to climate and disaster risk management, including a portfolio of disaster risk financing instruments for timely and adequate funding for disaster response,” Zhukov added. The program supports mobilization of climate finance from public and private sources. This includes issuance of a domestic green sukuk .
Pakistan Climate Change Loan Approval
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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