{"id":89983,"date":"2022-11-13T10:00:00","date_gmt":"2022-11-13T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=89983"},"modified":"2022-11-11T17:22:27","modified_gmt":"2022-11-11T12:22:27","slug":"aiib-to-provide-usd-500m-for-post-flood-rehabilitation","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/aiib-to-provide-usd-500m-for-post-flood-rehabilitation.html","title":{"rendered":"AIIB to provide USD 500m for post-flood rehabilitation"},"content":{"rendered":"\n<p>Islamabad: Finance Minister Ishaq Dar shared that the Asian Infrastructure Investment Bank (AIIB) has approved a USD 500 million loan for post-flood rehabilitation in Pakistan, according to news published on November 10.\u00a0<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/aiib-paks-request-funding-fy-23.html\" target=\"_blank\" rel=\"noreferrer noopener\">AIIB to consider Pak\u2019s request for higher funding for FY 23<\/a><\/p>\n\n\n\n<p>As per the details, the AIIB will provide USD 500 million as co-financing of the Asian Development Bank (ADB)-funded Building Resilience with Active Countercyclical Expenditure (BRACE) programme for the country. The funds will be transferred to the State Bank of Pakistan (SBP) within November to help mitigate damages caused by the devasting floods.<\/p>\n\n\n\n<p><strong>Read: <\/strong>\u00a0<a href=\"https:\/\/www.zameen.com\/news\/aiib-wastewater-project-lahore.html\" target=\"_blank\" rel=\"noreferrer noopener\">AIIB to support Water and Wastewater Management Project in Lahore<\/a><\/p>\n\n\n\n<p>It is pertinent to note that the ADB transferred USD 1.5 billion loan under BRACE for budgetary support and rehabilitation and reconstruction activities related to the flood. Under the <a href=\"https:\/\/www.zameen.com\/news\/adb-usd-1-5-bn-pakistan-brace-program.html\" target=\"_blank\" rel=\"noreferrer noopener\">BRACE<\/a> programme, the loan is given for the provision of social protection, support employment, and promote food security amid the devastating floods and global chain disruptions.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Finance Minister Ishaq Dar shared that the Asian Infrastructure Investment Bank (AIIB) has approved a USD 500 million loan for post-flood rehabilitation in Pakistan, according to news published on November 10.\u00a0 Read: AIIB to consider Pak\u2019s request for higher funding for FY 23 As per the details, the AIIB will provide USD 500 million as co-financing of the Asian Development Bank (ADB)-funded Building Resilience with Active Countercyclical Expenditure (BRACE) programme for the country. The funds will be transferred to the State Bank of Pakistan (SBP) within November to help mitigate damages caused by the devasting floods. Read: \u00a0AIIB to support Water and Wastewater Management Project in Lahore It is pertinent to note that the ADB transferred USD 1.5 billion loan under BRACE for budgetary support and rehabilitation and reconstruction activities related to the flood. Under the BRACE programme, the loan is given for the provision of social protection, support employment, and promote food security amid the devastating floods and global chain disruptions.\u00a0<\/p>\n","protected":false},"author":83,"featured_media":61474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15020],"tags":[54900,5481],"persona":[],"class_list":{"0":"post-89983","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-social-developments","8":"tag-aiib-to-provide-usd-500m-for-post-flood-rehabilitation","9":"tag-asian-infrastructure-investment-bank","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>AIIB to provide USD 500m for post-flood rehabilitation - Zameen News<\/title>\n<meta name=\"description\" content=\"Finance Minister Ishaq Dar shared that the Asian Infrastructure Investment Bank (AIIB) has approved a USD 500 million loan for post-flood...\" \/>\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\/aiib-to-provide-usd-500m-for-post-flood-rehabilitation.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AIIB to provide USD 500m for post-flood rehabilitation - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Finance Minister Ishaq Dar shared that the Asian Infrastructure Investment Bank (AIIB) has approved a USD 500 million loan for post-flood...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/aiib-to-provide-usd-500m-for-post-flood-rehabilitation.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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