ADB Allocates $659 Million for Development Initiatives in KP and Sindh

ADB Allocates $659 Million for Development Initiatives in KP and Sindh - ahgroup-pk

Islamabad: The Asian Development Bank (ADB) has approved $659 million for development projects in Sindh and Khyber Pakhtunkhwa (KP), Pakistan. These efforts, in collaboration with local governments, target internal financial resource mobilization, post-flood educational reconstruction, and agricultural productivity.

Yevgeniy Zhukov, ADB’s Central and West Asia Director General, emphasized the support’s role in Pakistan’s recovery and sustainable development. The funding includes a $300 million loan for the “Improved Resource Mobilization and Utilization Reform Programme,” aimed at economic growth through legal, policy, and institutional reforms. A $275 million emergency loan supports the Sindh Secondary Education Improvement Project, reconstructing 1,600 flood-affected schools with resilient, gender-responsive designs.

An $80 million concessional loan is allocated for the Food Security Support Project in KP, part of ADB’s $1.5 billion flood recovery commitment. This project aims to enhance food security, climate resilience, and rural livelihoods. Additionally, a $3 million grant from the Japan Fund will support female farmers in safe farming practices.

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