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ADB concedes 22pc of loan projects in Pakistan facing risks


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 COVID-19 pandemic continues to pose a major health care and economic challenge to Pakistan.
Continued efforts toward fiscal consolidation and policy reforms will be key to sustaining improvements in macroeconomic stability, especially in broadening the tax base and improving the business environment. Furthermore, reforms are required to promote high value-added exports, exp ....

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ADB Approves $25 Million To Help Palau's Recovery From COVID-19


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 fiscal path,” said ADB Public Sector Economist
Rommel Rabanal. “This, in turn, will translate to improved
living standards for current and future generations of ....

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ADB Approves $25 Million to Help Palau's Recovery from COVID-19

ADB Approves $25 Million to Help Palau's Recovery from COVID-19
adb.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adb.org Daily Mail and Mail on Sunday newspapers.

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