The Asian Development Bank (ADB) will support Pakistan with $10 billion in aid over the next five years to accelerate economic recovery.

Financial assistance is likely to be provided over the next five years as part of the new country partnership strategy of the Asian Development Bank (CPS-2021-25).

Federal Minister of Economy Makhdoom Khusro Bakhtiyar and ADB Vice President Shishin Chen held a video meeting which was also attended by Secretary of the Department of Economics Nur Ahmed and Country Director of the Asian Development Bank.

The meeting discussed the main priorities of the Country Partnership Strategy (CPS 2021-2025), which is expected to be approved by the Board of Directors of the Asian Development Bank in January-2021 in addition to the operational business plan (COBP 2021-2023) for Pakistan, and ongoing ADB support for the program. reforms in Pakistan.

According to documents available to the media, the Child Protection Strategy was developed to address the economic and social challenges posed by the epidemic, and includes addressing current structural problems in the country.

ADB assistance over the next five years will focus on supporting three interrelated pillars, namely: (1) improving economic governance; (2) Improving resilience; And (3) enhancing competitiveness and developing the private sector.

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