ADB to provide $5.4bn assistance to Pakistan in three years.
ISLAMABAD -- The Asian Development Bank (ADB) will provide about $5.4 billion assistance to Pakistan over the next three years.
This is part of the ADB's five-year Country Partnership Strategy (CPS).
'The indicative resources available for commitment during the first three years of the CPS period (2021-2023) total $5.4bn,' said the ADB on Thursday. This include $3.6bn for regular OCR (ordinary capital resource) lending and $1.8bn for concessional OCR lending.
Pakistan is classified as a group B category developing member country with access to OCR lending and concessional OCR lending. The bank said additional grant resources had been allocated for a project in 2021 from the Asian Development Fund thematic pool worth $5 million to increase gender equity.
The final allocation for the complete 5-year CPS period will depend on available resources, project readiness, and the outcome of the country's performance assessments. Sovereign operations will be supplemented with ADB's non-sovereign...
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