{"id":89558,"date":"2022-10-24T14:29:57","date_gmt":"2022-10-24T09:29:57","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=89558"},"modified":"2022-10-24T14:29:59","modified_gmt":"2022-10-24T09:29:59","slug":"adb-usd-1-5-bn-financing-pakistan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/adb-usd-1-5-bn-financing-pakistan.html","title":{"rendered":"ADB approves USD 1.5 bn financing for Pakistan"},"content":{"rendered":"\n<p>Islamabad: The Asian Development Bank (ADB) has granted USD 1.5 billion in financing to assist Pakistan in dealing with the post-flood situation in the country, news sources reported on October 21.\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/adb-usd-2-5-bn-relief-flood-affectees.html\" data-type=\"post\" data-id=\"89165\" target=\"_blank\" rel=\"noreferrer noopener\">ADB to provide USD 2.5 bn for relief, rehabilitation of flood affectees<\/a><\/p>\n\n\n\n<p>The funds will be used to provide social protection, enhance food security, and preserve employment for people in the aftermath of devastating floods and global supply chain disruptions. In a statement issued by the ADB, it was highlighted that the loan has been provided under the ADB\u2019s <a href=\"https:\/\/www.zameen.com\/news\/adb-flood-rehabilitation-pakistan.html\" data-type=\"post\" data-id=\"88821\" target=\"_blank\" rel=\"noreferrer noopener\">Building Resilience with Active Countercyclical Expenditures (BRACE)<\/a> programme. The ADB loan will help increase the number of families receiving cash transfers from 7.9 million to 9 million, increase the number of children enrolled in primary and secondary schools, and improve the geographic coverage of health services and nutritional supplies.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"twitter_widget_wrapper alia_embed_wrapper\"><div class=\"twitter_widget_border\"><!--ALIA start embed content--><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">ADB has approved $1.5 billion in financing to support people, livelihoods, and infrastructure in Pakistan in the wake of the recent floods which have affected millions and caused extensive damage across the country. <br><br>Read more: <a href=\"https:\/\/t.co\/lyJwBmQzsD\">https:\/\/t.co\/lyJwBmQzsD<\/a>  <a href=\"https:\/\/twitter.com\/hashtag\/ADBNews?src=hash&amp;ref_src=twsrc%5Etfw\">#ADBNews<\/a> <a href=\"https:\/\/t.co\/KkaOSn6dbM\">pic.twitter.com\/KkaOSn6dbM<\/a><\/p>&mdash; Asian Development Bank (@ADB_HQ) <a href=\"https:\/\/twitter.com\/ADB_HQ\/status\/1583370794528538624?ref_src=twsrc%5Etfw\">October 21, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><!--AliA end embed content--><\/div><\/div>\n<\/div><\/figure>\n\n\n\n<p>As per the ADB officials, this loan will provide the fiscal space required for the government to implement its countercyclical development expenditure package, which is intended to <a href=\"https:\/\/www.zameen.com\/news\/wb-usd-85-mn-low-cost-housing-finance.html\" data-type=\"post\" data-id=\"86660\" target=\"_blank\" rel=\"noreferrer noopener\">target Pakistan&#8217;s poorest families<\/a>, who are often disproportionately affected during times of crisis. Moreover, the loan is also expected to improve foreign exchange reserves, which will further stabilise the market amid looming financial constraints.\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/post-flood-recovery-rehabiltiation-measures.html\" data-type=\"post\" data-id=\"89399\" target=\"_blank\" rel=\"noreferrer noopener\">Post-Flood Recovery: Govt. to announce rehabilitation, reconstruction measures<\/a><\/p>\n\n\n\n<p>It is important to note that recent floods in Pakistan have left an estimated 30 million people at risk of extreme poverty, with an estimated material loss of USD 30 billion. The government has asked the international community to help rehabilitate the people amid the winter expected to affect flood victims further.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Asian Development Bank (ADB) has granted USD 1.5 billion in financing to assist Pakistan in dealing with the post-flood situation in the country, news sources reported on October 21.\u00a0 Read: ADB to provide USD 2.5 bn for relief, rehabilitation of flood affectees The funds will be used to provide social protection, enhance food security, and preserve employment for people in the aftermath of devastating floods and global supply chain disruptions. In a statement issued by the ADB, it was highlighted that the loan has been provided under the ADB\u2019s Building Resilience with Active Countercyclical Expenditures (BRACE) programme. The ADB loan will help increase the number of families receiving cash transfers from 7.9 million to 9 million, increase the number of children enrolled in primary and secondary schools, and improve the geographic coverage of health services and nutritional supplies.\u00a0 As per the ADB officials, this loan will provide the fiscal space required for the government to implement its countercyclical development expenditure package, which is intended to target Pakistan&#8217;s poorest families, who are often disproportionately affected during times of crisis. Moreover, the loan is also expected to improve foreign exchange reserves, which will further stabilise the market amid looming financial&hellip;<\/p>\n","protected":false},"author":84,"featured_media":63438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[54638,54640,54641,54639],"persona":[],"class_list":{"0":"post-89558","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-adb-approves-usd-1-5-bn-financing-for-pakistan","9":"tag-adb-news","10":"tag-adb-pakistan-loan","11":"tag-asian-developmet-bank","12":"cat-15017-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 USD 1.5 bn financing for Pakistan - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Asian Development Bank (ADB) has granted USD 1.5 billion in financing to assist Pakistan in dealing with the post-flood situation in the\" \/>\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-usd-1-5-bn-financing-pakistan.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB approves USD 1.5 bn financing for Pakistan - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Asian Development Bank (ADB) has granted USD 1.5 billion in financing to assist Pakistan in dealing with the post-flood situation in the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/adb-usd-1-5-bn-financing-pakistan.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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