The Asian Development Bank (ADB) and the Pakistani government signed an agreement for a $300 million ’emergency aid loan’ initially approved by the bank on 19 May.
ADB Country Manager for Pakistan, Xiaohong Yang, and Secretary of the Economic Affairs Division, Noor Ahmed signed the loan agreement, which officials believe will improve Pakistan’s response to the COVID-19 pandemic and aid meet the essential needs of the vulnerable and poor.
The project documents were signed on the occasion by the Secretary of the Poverty Alleviation and Social Security Division Yousuf Khan and the National Disaster Risk Management Fund (NDRMF), Chief Executive Nadeem Ahmed.
“The ADB support signed today will support Pakistan’s social protection program, Ehsaas, in continuing to deliver emergency cash transfers to women and poor families,” Ms. Yang said.
The project will also help quickly improve medical facilities and provide the required equipment for hospitals and frontline health personnel, meet the needs for accelerated training and capacity building, and buy emergency vehicles to enhance rescue capability in remote border regions.
Extracted from City42 News
