ADB to provide $10billion credit to Pakistan under 2026-30 strategy

ISLAMABAD: The Asian Development Bank (ADB) is expected to extend about $10 billion in financing to Pakistan over the next five years, according to a media report on Thursday. The Manila-based bank said the facility was part of its 2026-30 Country Partnership Strategy (CPS2026-30) launched on Wednesday.According to a report in the Dawn newspaper, the bank said that the CPS sets out “a roadmap to support the country’s transition to sustainable and inclusive growth through private sector-led development”. It said, “The five-year strategy will focus on three pathways: enabling private sector development, advancing inclusion and empowerment, and enhancing resilience and sustainability.”ADB Country Director for Pakistan Emma Fan said, “The new CPS is tailored to address Pakistan’s structural challenges and promote robust and lasting growth, which benefits the whole country, especially the poor and vulnerable.”