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ADB is ready to finance Pakistan across key economic sectors

News Desk by News Desk
March 1, 2023
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ADB is ready to finance Pakistan across key economic sectors
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A delegation of Executive Directors of the Asian Development Bank (ADB) of Japan, China and South Korea met Prime Minister Shehbaz Sharif and showed its readiness to continue working with Pakistan to address its economic challenges.

The prime minister lauded ADB’s longstanding association with Pakistan and for being a reliable partner in the socioeconomic development of Pakistan. He appreciated ADB’s generous support in the wake of the 2022 floods.

The prime minister also appreciated ADB’s financing across key economic sectors of Pakistan, particularly transport, energy, climate change, and social sector. He expressed the hope that ADB’s would continue its strong partnership with Pakistan in addressing the country’s macroeconomic challenges. The prime minister underlined that Pakistan was committed to complete the reforms agreed in the programme.

The ADB’s executive directors expressed their deep satisfaction with the government’s efforts in addressing the huge challenges of the devastation caused by the recent floods.

 

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