The Asian Development Bank will release the second tranche of a USD400 million loan aimed at encouraging private sector participation in Pakistan’s infrastructure sector.
In a June 2010 progress report, the bank noted that the Pakistani government made strides in policy, legal and institutional reforms specified under the ADB-backed program.
According to the report, the ADB president will authorize the release of the second tranche worth USD200 million, and this decision will be effective not less than 10 working days after the circulation of the progress report to the ADB board.
The first tranche of USD200 million, which was released in December 2006, was used primarily to address policy, legal, and regulatory constraints in the power and energy, transportation, and urban services sectors.
About the author
Ma. Rizza Leonzon
As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.