Islamabad: According to media sources, the Asian Development Bank (ADB) granted USD 600 million for Pakistan’s Ehsaas Program under the Integrated Social Protection Development Programme on Thursday (October 21).
Read More: Government of KP will borrow Rs99 billion from the Asian Development Bank
Ayub Khan, the Federal Minister for Economic Affairs at the Ministry of Economic Affairs, was briefed on the ADB’s portfolio in Pakistan by ADB Country Director Yong Ye. The ADB would provide USD 6.3 billion to Pakistan under the Country Operation Business Plan, according to the director (2021-2023).
According to the specifics, 32 projects in the areas of road and transportation, urban services, health and social protection, education, agriculture and irrigation, and energy are currently under way, totaling USD 6.4 billion. The government of Pakistan will receive assistance through the Integrated Social Protection Development Program to undertake high-priority Ehsaas Program initiatives in a systematic and coordinated way.
Read More: KP to borrow money for urban development projects in DI Khan, Swat, and other areas
Climate resilience and institutional capacity for social protection will also be increased by sharing more details about the initiative. It will give children from low-income families, adolescents, and women better access to health care, nutrition, and basic and secondary education. Moreover, the sources reported that the ADB has provided USD 200 million for Ehsaas during COVID-19. It was disclosed that ADB will provide USD 3 million in grant for this programme as well.
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