Asian development bank pakistan

The fresh loan, according to an ADP official, will be used to support measures to develop competitive capital markets and encourage private sector investment in the country. The Pakistan Stock Exchange, she added, lacks depth in terms of the number of investors and the number of companies raising capital. Fewer than , individual investors, or less than 0. Islamabad and and the bank have agreed to anchor the program to the design of a long-term national capital market master plan to build strong government ownership and coordination across the agencies. Established in , the Manila-based lending agency is owned by 68 members -- 49 from the region.

The Asian Development Bank ADB has endorsed a five-year "country partnership strategy" for Pakistan to help restore the country's struggling economy. The strategy, according the bank's Director General for Central and West Asia Eugene Zhukov, plans to help restore economic stability and growth in order to create jobs and expand economic opportunities in Pakistan, which is struggling to overcome the coronavirus pandemic. The pandemic has interrupted the macroeconomic recovery in Pakistan, resulting in a sharp contraction in growth, a rise in public expenditures, and a loosening of monetary policy to mitigate the health and economic impacts. The bank, he further said, will continue to help improve the energy sector through reforms and sovereign and nonsovereign investments. Under the partnership strategy, he added, the bank will expand investments and help accelerate reforms in secondary education and technical and vocational education and training.

The company also maintains 31 field offices around the world [5] to promote social and economic development in Asia. The ADB was modeled closely on the World Bank , and has a similar weighted voting system where votes are distributed in proportion with members' capital subscriptions. ADB releases an annual report that summarizes its operations, budget and other materials for review by the public.

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