ADB loan for Pakistan climate change relief approved, granting $500M to support environmental and sustainability efforts in Pakist...
The Asian Development Bank has approved a $500 million loan to Pakistan aimed at bolstering the nation’s efforts to mitigate climate change effects and enhance disaster preparedness, reported 24NewsHD TV channel Tuesday.
The funds are intended for ADB’s disaster relief programs and preventive measures, including building institutional capacity to better manage and respond to natural disasters. This latest tranche forms part of an influx of external funding, with Pakistan having received $2.3 billion in the past three months to stabilize its economy. This includes the first instalment of $1 billion from a $7 billion International Monetary Fund program, along with $1.23 billion from other international financial institutions and partner nations. The funds also comprise $250 million from bilateral partners, including China and Saudi Arabia, and $70 million in grants.
With expectations for a total of $19.39 billion in external aid for the fiscal year, the Pakistani government is working to secure economic resilience through international support. This includes anticipated contributions from Saudi Arabia, China, and the IMF, as Pakistan navigates the economic challenges and aims to strengthen its disaster management framework.
ADB Pakistan Funding Climate Change Loan Pakistan Environmental Aid ADB Financial Support Pakistan Climate Initiatives
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
ADB approves $500mn loan to support climate, disaster resilience in PakistanADB approves 500mn dollars loan to support climate, disaster resilience in Pakistan
مزید پڑھ »
ADB approves 500mn dollars loan to support climate, disaster resilience in PakistanADB approves 500mn dollars loan to support climate, disaster resilience in Pakistan
مزید پڑھ »
Pakistan joins world in condemning Israeli air strikes against IranADB partnership Pakistan praised by the finance minister, recognizing ADB’s significant role in supporting Pakistan’s economic gro...
مزید پڑھ »
ADB to provide policy based loan to Pakistan, says Aurangzebboth sides agreed on the importance of domestic revenue mobilization, regional cooperation
مزید پڑھ »
New ADB country director for Pakistan assumes officeNew ADB country director for Pakistan assumes office
مزید پڑھ »
Climate change induced glaciers explosion wreaking havoc in PakistanPakistan could face extreme water scarcity by 2024
مزید پڑھ »