ADB Keen to Support Pakistani Dam Project – Senior Bank Official Says

A senior official of the Asian Development Bank has assured the Pakistani government the regional development bank is looking at various ways to support the construction of a multibillion dollar dam in the country.

ADB is keen to support efforts to improve energy efficiency in Pakistan, Juan Miranda, director general of ADB’s West and Central Asia department, said, according to The News International.

Aside from financing the dam, which the United States is also reportedly considering to fund, ADB plans to offer guarantees that would encourage investments in Pakistan’s wind power sector.

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.