Pakistan will receive 554 million dollars financing package from Asian Development Bank and Japan for recovery and reconstruction efforts in flood-affected areas, and to strengthen the country’s disaster and climate resilience.
The financing includes a 475 million dollars loan and a three million dollars technical assistance grant from the Asian Development Bank, and a five million dollars grant from the Government of Japan.
According to a statement issued by the ADB, the financing will support restoration of irrigation, drainage, flood risk management, on-farm water management, and transport infrastructure in the flood-affected areas of Balochistan, Khyber Pakhtunkhwa, and Sindh.
The Asian Development Bank has repurposed an additional 71 million dollars from existing loans to support the government’s flood-response efforts.
Source: Radio Pakistan