{"id":66510,"date":"2020-06-12T14:47:58","date_gmt":"2020-06-12T09:47:58","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66510"},"modified":"2020-06-12T14:48:43","modified_gmt":"2020-06-12T09:48:43","slug":"adb-approves-funds-for-a-pro-poor-fiscal-stimulus","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/adb-approves-funds-for-a-pro-poor-fiscal-stimulus.html","title":{"rendered":"ADB approves funds for a \u2018pro-poor\u2019 fiscal stimulus"},"content":{"rendered":"\n<p>Islamabad: The Asian Development Bank (ADB) recently approved a loan worth USD 500 million to deliver a \u2018pro-poor\u2019 fiscal stimulus package for the country to boost socio-economic growth and create employment opportunities, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/govt-allot-land-islamabads-red-zone-adb-office-construction.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt to allot land in Islamabad\u2019s Red Zone for ADB office construction<\/a><\/p>\n\n\n\n<p>These funds will be utilised for social protection initiatives for vulnerable communities, and to improve the country\u2019s health sector during the ongoing fight against the spread of the novel coronavirus.<\/p>\n\n\n\n<p>ADB President Masatsugu Asakawa stated that the coronavirus had hit Pakistan at a crucial point in its ongoing <a href=\"https:\/\/www.zameen.com\/news\/pakistans-economic-growth-dependent-on-reforms-under-imf-package-adb.html\" target=\"_blank\" rel=\"noreferrer noopener\">economic recovery<\/a>. He said that this loan would help plug funding gaps for important development plans, as the country struggles to improve the social safety net and boost its healthcare capacity.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/adb-approves-usd-300mn-emergency-assistance-loan-pakistan.html\" target=\"_blank\" rel=\"noreferrer noopener\">ADB approves USD 300mn emergency assistance loan for Pakistan<\/a><\/p>\n\n\n\n<p>Moreover, the ADB\u2019s Covid-19 Active Response and Expenditure Support (CARES) program is expected to fund various government initiatives, including a venture to provide monetary assistance to over three million daily wagers, and provide cash assistance to 7.5 million families under the government\u2019s Khilafat social protection initiative. These funds will also prevent job losses through the Prime Minister\u2019s Kamyab Jawan initiative.<\/p>\n\n\n\n<p>The bank is funding this fiscal stimulus loan through a COVID-19 pandemic response option (CPRO) that is part of ADB\u2019s Countercyclical Support Facility.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Asian Development Bank (ADB) recently approved a loan worth USD 500 million to deliver a \u2018pro-poor\u2019 fiscal stimulus package for the country to boost socio-economic growth and create employment opportunities, according to news sources. Read: Govt to allot land in Islamabad\u2019s Red Zone for ADB office construction These funds will be utilised for social protection initiatives for vulnerable communities, and to improve the country\u2019s health sector during the ongoing fight against the spread of the novel coronavirus. ADB President Masatsugu Asakawa stated that the coronavirus had hit Pakistan at a crucial point in its ongoing economic recovery. He said that this loan would help plug funding gaps for important development plans, as the country struggles to improve the social safety net and boost its healthcare capacity. Read: ADB approves USD 300mn emergency assistance loan for Pakistan Moreover, the ADB\u2019s Covid-19 Active Response and Expenditure Support (CARES) program is expected to fund various government initiatives, including a venture to provide monetary assistance to over three million daily wagers, and provide cash assistance to 7.5 million families under the government\u2019s Khilafat social protection initiative. These funds will also prevent job losses through the Prime Minister\u2019s Kamyab Jawan initiative. The bank&hellip;<\/p>\n","protected":false},"author":75,"featured_media":63438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15020],"tags":[31541,24453,24075],"persona":[],"class_list":{"0":"post-66510","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-social-developments","8":"tag-adb-approves-funds-for-a-pro-poor-fiscal-stimulus","9":"tag-asian-development-bank-adb","10":"tag-covid-19-pandemic","11":"cat-15020-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ADB approves funds for a \u2018pro-poor\u2019 fiscal stimulus - Zameen News<\/title>\n<meta name=\"description\" content=\"The Asian Development Bank (ADB) recently approved a loan worth USD 500 million to deliver a \u2018pro-poor\u2019 fiscal stimulus package for the country\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/adb-approves-funds-for-a-pro-poor-fiscal-stimulus.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB approves funds for a \u2018pro-poor\u2019 fiscal stimulus - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Asian Development Bank (ADB) recently approved a loan worth USD 500 million to deliver a \u2018pro-poor\u2019 fiscal stimulus package for the country\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/adb-approves-funds-for-a-pro-poor-fiscal-stimulus.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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