{"id":88080,"date":"2022-08-20T10:00:00","date_gmt":"2022-08-20T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=88080"},"modified":"2022-08-19T11:16:26","modified_gmt":"2022-08-19T06:16:26","slug":"adb-assistance-improved-debt-sustainability","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/adb-assistance-improved-debt-sustainability.html","title":{"rendered":"ADB to provide technical assistance for improved debt sustainability, transparency"},"content":{"rendered":"\n<p>Islamabad: The Asian Development Bank (ADB) has decided to provide technical assistance worth USD 0.9 million to Pakistan in order to increase debt sustainability and transparency, according to news published on August 17.\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/adb-underground-gas-storage-supply.html\" target=\"_blank\" rel=\"noreferrer noopener\">ADB proposes underground gas storage to improve supply<\/a><\/p>\n\n\n\n<p>As per the details, the technical assistance will be funded on a grant basis by the <a href=\"https:\/\/www.zameen.com\/news\/adb-project-success-rate-increases.html\" target=\"_blank\" rel=\"noreferrer noopener\">ADB<\/a>\u2019s Technical Assistance Special Fund (TASF 7). The government will be providing counterpart support such as office accommodation, counterpart staff, secretarial assistance, and domestic transportation.\u00a0 <\/p>\n\n\n\n<p>Reportedly, the proposed technical assistance will help increase debt sustainability and transparency in the country\u2019s borrowing practices. The technical assistance will help strengthen fiscal risk management practices, public debt recording, management, and reporting, and implement Sustainable Development Finance Policy (SDFP).\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/adb-usd-2-bn-development-in-pak.html\" target=\"_blank\" rel=\"noreferrer noopener\">ADB to allocate USD 2 bn for development projects in Pak<\/a><\/p>\n\n\n\n<p>Moreover, the ADB assessed that the public debt of Pakistan was sustainable. It was mentioned that the ADB\u2019s support for debt sustainability will be strengthened by alignment with the SDFP principles of the International Development Association (IDA). Debt stability, being one of the pillars of SDFP, help countries create additional incentives to move towards sustainable development financing.\u00a0 <\/p>\n\n\n\n<p>Furthermore, the ADB has promoted policy reforms that help alleviate the negative impacts of debt accumulation via improved macro-fiscal policy frameworks, strengthened institute capacity for debt management, strengthened domestic resource mobilisation, and more efficient spending of scarce fiscal resources through improved public financial management systems.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Asian Development Bank (ADB) has decided to provide technical assistance worth USD 0.9 million to Pakistan in order to increase debt sustainability and transparency, according to news published on August 17.\u00a0 Read: ADB proposes underground gas storage to improve supply As per the details, the technical assistance will be funded on a grant basis by the ADB\u2019s Technical Assistance Special Fund (TASF 7). The government will be providing counterpart support such as office accommodation, counterpart staff, secretarial assistance, and domestic transportation.\u00a0 Reportedly, the proposed technical assistance will help increase debt sustainability and transparency in the country\u2019s borrowing practices. The technical assistance will help strengthen fiscal risk management practices, public debt recording, management, and reporting, and implement Sustainable Development Finance Policy (SDFP).\u00a0 Read: ADB to allocate USD 2 bn for development projects in Pak Moreover, the ADB assessed that the public debt of Pakistan was sustainable. It was mentioned that the ADB\u2019s support for debt sustainability will be strengthened by alignment with the SDFP principles of the International Development Association (IDA). Debt stability, being one of the pillars of SDFP, help countries create additional incentives to move towards sustainable development financing.\u00a0 Furthermore, the ADB has promoted policy reforms that&hellip;<\/p>\n","protected":false},"author":83,"featured_media":63438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15020],"tags":[53654,24453],"persona":[],"class_list":{"0":"post-88080","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-social-developments","8":"tag-adb-to-provide-technical-assistance-for-improved-debt-sustainability-transparency","9":"tag-asian-development-bank-adb","10":"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 to provide assistance for improved debt sustainability- Zameen News<\/title>\n<meta name=\"description\" content=\"The Asian Development Bank (ADB) has decided to provide technical assistance worth USD 0.9 million to Pakistan in order.....\" \/>\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-assistance-improved-debt-sustainability.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB to provide assistance for improved debt sustainability- Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Asian Development Bank (ADB) has decided to provide technical assistance worth USD 0.9 million to Pakistan in order.....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/adb-assistance-improved-debt-sustainability.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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