ADB vice president pledges $7bn for development projects

Asian Development Bank (ADB) Vice President Shixin Chen, who is on his first official two-day visit to Pakistan, met Prime Minister Imran Khan and “reaffirmed ADB’s support for Pakistan’s development priorities”. ADB plans to provide $7 billion to Pakistan for “various development projects and policy-based programmes” over the next three years aimed at developing the country’s social protection, urban services, and energy security.

ADB plans to provide Pakistan about $7 billion in fresh assistance under its country operations business plan 2020–2022, which will help spur inclusive and sustainable economic growth.

Source: Dawn