ADB to lend $300m to Pakistan

The Asian Development Bank (ADB) will lend $300 million to support Pakistan’s fragile foreign exchange reserves after Islamabad met almost all the conditions related mainly to lowering barriers to imports

Nov 10, 2020
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The Asian Development Bank (ADB) will lend $300 million to support Pakistan’s fragile foreign exchange reserves after Islamabad met almost all the conditions related mainly to lowering barriers to imports.

The board of directors of the Manila-based lending agency is likely to approve the $300 million worth of second tranche of the Trade and Competitiveness Programme in the last week of current month, sources in the lending agency told The Express Tribune.

The $300 million is part of the $800 million budgetary support programme and the regional lender has already disbursed the first tranche in August last year.


https://tribune.com.pk/story/2271679/adb-to-lend-300m-to-pakistan

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