ADB approves $300 mn loan to Pakistan

December 11th, 2008 - 5:30 pm ICT by IANS  

Islamabad, Dec 11 (Xinhua) The Asian Development Bank (ADB) has approved loans totalling $300 million to Pakistan to boost sustainable growth, reduce poverty and improve the health of women and infants, an ADB release said Thursday. The loan will help various development and health care programmes in Balochistan, Sindh and Punjab provinces.

“The programmes could potentially save the lives of up to 11,000 women and 235,000 infants by 2015. It will also help Punjab improve public finance management in the health sector,” said Rie Hiraoka, senior social sectors specialist for ADB’s Central and West Asia department.

The Manila-based ADB, established in 1966, is dedicated to reducing poverty in the Asia Pacific region through inclusive and environmentally sustainable economic growth and regional integration.

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