Pakistan’s FM Applauds ADB’s $500M Climate Loan
Pakistan’s FM called on ADB President Masatsugu Asakawa in Washington and appreciated the bank’s support for Pakistan’s development agenda and approval of a US$ 500 mln policy-based loan for climate protection and safety program for natural disasters in the country.
In the meeting, the two officials also agreed on an increase in Pakistan’s revenues, regional cooperation, and timely completion of the ADB office in Islamabad.
The finance minister hoped for an early completion of the ADB’s country partnership framework.
The ADB Board in its meeting on October 29, will consider Pakistan’s request for a new loan.
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