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Monday, 23 December 2024, 5:02:39 am




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Finance Minister lauds ADB’s role in promoting climate-conscious programs
  
March 21, 2024



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Country Director Asian Development Bank Young Ye called on Finance Minister
Muhammad Aurangzeb in Islamabad today to discuss ongoing collaborations and
future initiatives aimed at fostering economic development in Pakistan.

ADB Country Director Young Ye congratulated the Minister on staff level
agreement with the IMF and stated that the market has positively responded to
the development. 

During the meeting, Muhammad Aurangzeb expressed appreciation for the support
provided by the Asian Development Bank over the years. He particularly
highlighted ADB's assistance through Policy Based Lending to mitigate the
impacts of the pandemic and floods.

Furthermore, the status of ongoing policy-based programs, including the Public
Private Partnership (PPP) Program and the Climate and Disaster Resilience
Enhancement Program were also discussed.

Acknowledging Asian Development Bank's pivotal role in promoting
climate-conscious programs across Asia and the Pacific, the Minister emphasized
the alignment of ADB's climate operations with Pakistan's own climate goals and
commitments. He outlined government's priority areas for achieving
macro-economic stability and sustainability, including measures to enhance
revenue, State Owned Enterprises reforms, privatization, and public-private
partnerships.

Both the sides reaffirmed their commitment to strengthening the partnership
between Pakistan and the Asian Development Bank, with a shared goal of promoting
sustainable economic growth and development in the country.


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