ISLAMABAD, Pakistan: The Asian Development Bank (ADB) has said that it is keen to provide balance of payment financing to support the government of Pakistan’s structural reform agenda.
Talking to the Prime Minister’s Adviser Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh in a meeting held in Islamabad on Saturday, the Director General ADB Werner Leipach and the Country Director ADB Ms Xiaohong Yang discussed matters relating to ADB’s upcoming operations in Pakistan.
The director general ADB briefed the adviser that in addition to strong project portfolio, the Bank is also keen to provide balance of payment financing to support the government of Pakistan’s structural reform agenda.
This budgetary support is estimated to be about US$ 2 in the fiscal year 2020 and will broadly cover such policy reform areas as trade competitiveness, energy sector and capital markets development.
The adviser thanked the visiting the director general for strong support and reiterated government’s commitment to undertake the much-needed reforms to achieve stability and economic turnaround.
