The ADB Approved $400 Million Loan to Reconstruct Flood-Damaged Houses and Facilities in Pakistan drainage, and renewable energy solutions for 100,000 households in around 1,000 flood-damaged villages in Sindh.
The project will also support conditional cash grants for livestock, agriculture, small enterprises, and e-commerce.“ADB’s support will not only help Pakistan build back better, but it will also promote community-led climate resilience and disaster risk management strategies to better prepare for future hazards,” said ADB Director for Water and Urban Development Srinivas Sampath. “We are coordinating closely with other development partners to support the government’s recovery and reconstruction priorities.”The project supports the government’s resilient rehabilitation, reconstruction, and recovery strategy (4RF) and will follow an integrated and sequential approach so that investments across sectors complement each other.
A $500,000 technical assistance grant will further support the government’s operational capabilities in procurement, safeguard compliance, and technical and financial management.
The ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.
