Pakistan is set to receive USD1 billion from the Asian Development Bank and China, a former Pakistani finance minister said, according to the Pakistan Observer. Shaukat Treensai said ADB and China will provide USD500 million each to help Pakistan deal with the effects of the global financial crisis.
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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.
