ADB approves $250m for Pakistan

Through public-private partnerships (PPPs), the Asian Development Bank (ADB) has granted a $250 million policy-based loan to support Pakistan in promoting sustainable investments in infrastructure and services.
According to a statement from the organisation, the ADB’s Promoting Sustainable Public-Private Partnerships Programme encourages the adoption of legislative measures that foster inclusive economic growth and establish a climate that makes PPPs financially feasible.

Director General of the ADB for Central and West Asia Yevgeniy Zhukov stated, “This programme is part of our comprehensive and integrated package of public sector management support that balances the country’s fiscal consolidation and growth objectives.”
“The programme will help the Government of Pakistan create an environment that is conducive to strategic, fiscally affordable PPPs that will bring the country closer to its development goals.”