Asian Development Bank (ADB) pledges
$1.55 billion to Pakistan as resilience support
The Asian
Development Bank (ADB) on Monday pledged a total $1.557 billion for climate and
disaster risk reconstruction as well as resilience support for Pakistan.
The
pledge came at the International Conference on Climate Resilient Pakistan,
co-hosted by Prime Minister Shehbaz and United Nations Secretary-General
Antonio Guterres in Geneva, Switzerland.
Addressing
the conference, ADB Vice President Shixin Chen said going forward, the ADB
would re-prioritize up to $1 billion for climate and disaster risk
reconstruction as well as resilience support over the next three years.
The
key sectors of support included agriculture and natural resources, urban
services, social protection, health, and public financial management, he added.