ADB, LDC sign $100 million loan to support smallholder farmer livelihoods, climate resilience
The Asian Development Bank (ADB) and Louis Dreyfus Company B.V. (LDC) Thursday signed a loan of up to $100 million to help smallholder farmers recover from the economic challenges caused by the coronavirus disease (COVID-19) pandemic and improve their resilience to climate change impacts. The loan will support LDC’s operations in India, Indonesia, Pakistan, Thailand,…
Adil Aziz
Pakistan’s economic growth to moderate to 4% in FY22: ADB
After a strong economic rebound in fiscal year (FY) 2021, Pakistan’s economic growth is expected to moderate to 4% in FY2022 due to tighter fiscal and monetary policies before picking up again in FY2023, the Asian Development Bank (ADB) said in a report on Wednesday. According to the Asian Development Outlook (ADO) 2022, ADB’s annual…
ADB to support domestic resource mobilization in Pakistan: Omar Ayub
Vice President (Operations) of Asian Development Bank, Shixin Chen called on Federal Minister for Economic Affairs Omar Ayub Khan here and discussed the ADB’s technical and financial assistance for Pakistan including ongoing portfolio and priority areas for future interventions. At present, 37 ADB-Funded development projects worth US$ 7.9 billion are under implementation across the country…
PAKISTAN, ADB sign agreement for US$1.54 Billion financing
ISLAMABAD: Pakistan on Wednesday signed six agreements with the Asian Development Bank (ADB) to obtain financing of US$1.54 billion The agreements were signed by the secretary of economic affairs division and country director of the ADB in the presence of Minister for Economic Affairs Omar Ayub Khan. Under the agreements, US$300 million would be provided…