Asian Development Bank To Provide Pakistan with $2.5 Billion Loan

Pakistan will be given $2.5 billion in approved financing by Asian Development Bank (ADB) in 2019, as per a tweet made on Wednesday.

“ADB will provide $2.5 billion in approved financing to Pakistan in 2019, and recently approved Country Operations Business Plan (COBP) 2020-2022 will increase average lending to $2.4 billion a year – a record increase over the $1.4 billion average from 2015 to 2018,” – the bank said.

Furthermore, ADB will lend money through the mobilization of co-financing and funding from other sources, which will include regional concessional resources.

The new COBP will help in Pakistan achieving its development aims and complement the efforts made by other development partners.

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