ADB approves $500mn funding to strengthen Pakistan's disaster resilience
The Asian Development Bank (ADB) has approved contingent disaster financing (CDF) facilities totalling $500 million under its policy-based lending to help Pakistan to withstand and respond to disasters. The CDF will provide prompt budget support following eligible disaster events to help reduce the economic and fiscal impacts, read a statement on Wednesday. According to the statement, floods,…
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ADB approves $500mn funding to strengthen Pakistan's disaster resilience (opens Business Recorder in a new tab)
The Asian Development Bank (ADB) has approved contingent disaster financing (CDF) facilities totalling $500 million under its policy-based lending to help Pakistan to withstand and respond to disasters. The CDF will provide prompt budget support following…
