The Asian Development Bank (ADB) announced that a $554 million financing package, including new and reallocated funds, had been approved to support recovery and reconstruction efforts in Pakistan following in the aftermath of devastating floods, and to strengthen the country’s disaster and climate resilience.

“The financing, which includes a $475m loan and a $3m technical assistance grant from the ADB, and a $5m grant from the government of Japan, will support the restoration of irrigation, drainage, flood risk management, on-farm water management, and transport infrastructure in the flood-affected provinces of Balochistan, Khyber Pakhtunkhwa, and Sindh,” the press release said.



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