Latest ADB Announces $2 Billion Annual Loans for Pakistan
Monday, 16 September 2024, 21:41
Latest ADB Commitment to Pakistan
The Manila-based Asian Development Bank (ADB) has confirmed its pledge to grant Pakistan $2 billion each year from 2024 until 2027. This financial backing aims to facilitate the nation’s development goals amidst challenging economic conditions.
Details of the Loan Agreement
- The total package encompasses $8 billion over four years.
- Annual disbursements will commence in 2024.
- Loan allocation will address critical sectors needing finance.
This strategic support is expected to enhance Pakistan's resilience against ongoing economic challenges, paving the way for sustainable growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.