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The funds were channeled through the government’s flagship poverty alleviation program

ADB concedes 22pc of loan projects in Pakistan facing risks Business April 28, 2021 ISLAMABAD: Amid decreasing disbursements from $2.28 billion in 2019 to $1.7 billion in 2020 for Pakistan, the Asian Development Bank (ADB) has conceded that almost 22 percent of its existing portfolio of 46 ongoing projects are categorised for facing risks. The ADB also provided $500 million financial support to Pakistan for pandemic response. According to the annual report released on Tuesday, the Manila based financial institution dwelt upon regarding operational challenges in Pakistan and stated that the ...

Monday, 26 April 2021, 4:49 pm The Asian Development Bank (ADB) has approved policy-based loans amounting to $25 million to help Palau’s economy rebound from the coronavirus disease (COVID-19) pandemic. The Recovery through Improved Systems and Expenditure Support Program will help strengthen public financial management in the country, reduce fiscal risks, and support private sector development to restore sustained and equitable economic growth. “This support will help Palau’s tourism-dependent economy bounce back from the impact of COVID-19 and drive it toward a more sustainable fisca...

By JON VIKTOR D. CABUENAS, GMA News Published December 16, 2020 6:42pm The sovereign lending program of the Asian Development Bank (ADB) to the Philippines is expected to reach some $9.4 billion in the next three years, not including the up to $500 million the country is set to ink to procure vaccines for the coronavirus disease 2019 (COVID-19). At a virtual briefing on Wednesday, ADB country director for the Philippines Kelly Bird said at least two-thirds of the indicative program will be going into infrastructure, health, and employment recovery to help revitalize the economy. "Our C...