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ADB to provide relief, rehabilitation package to Pakistan

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ISLAMABAD, Sep 20(ABC): Asian Development Bank (ADB), will soon provide Pakistan with a significant relief and rehabilitation package, to repair the infrastructure and help livelihood.

On short and medium-term basis, the bank would use ongoing projects to repair damaged infrastructure, including roads and irrigation infrastructure and support the development and financial stability of the agriculture sector to boost food security.

The bank is also processing countercyclical support to help the poor and vulnerable especially women and children, weather the impacts of food prices and other external shocks.

On Long-term basis, the bank would prioritize projects that support post-flood reconstruction and strengthen climate and disaster resilience.

This is in addition to the $3 million the bank had already approved for the immediate purchase of food, tents, and other relief goods, it said adding the bank would provide more details of its assistance package when it is finalized.

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  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

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