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WorldPosted at: Oct 30 2024 1:50PM


ADB approves 500 mln USD loan for Pak

Islamabad, Oct 30 (UNI) The Asian Development Bank (ADB) said Tuesday it has approved 500 million U.S. dollars in policy-based loan to support climate and disaster resilience efforts in Pakistan, said a statement.
The bank's Pakistan office said that the Climate and Disaster Resilience Enhancement Program will strengthen Pakistan's institutional capacity for planning, preparedness, and response.
According to the bank, the program will increase inclusive investment in disaster risk reduction and climate resilience and support the scale-up of disaster risk financing using a risk-layered approach.
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