Pakistan inks $100m financing agreement with ADB

Islamabad: Ministry of Economic Affairs has inked a financing agreement worth 100 million dollars with the Asian Development Bank (ADB) for "Khyber Pakhtunkhwa Health Systems Strengthening Program".

Secretary Ministry of Economic Affairs Dr. Kazim Niaz signed the Financing Agreement on behalf of Government of Pakistan while Country Director, Pakistan Resident Mission Yong Ye signed the Agreement on behalf of the Asian Development Bank.

A Program Agreement was also signed between the Government of Khyber Pakhtunkhwa and ADB for the implementation of the Program in the province.

The signing ceremony was also witnessed by Minister for Economic Affairs Sardar Ayaz Sadiq.

The results-based loan program will help improve the delivery of health services at secondary hospitals by modernizing infrastructure and equipment; ensuring clinical protocols, standards, and guidelines are implemented; and improving human resources planning and medicine supply chain management.

On the occasion, Minister for Economic Affairs reiterated the commitment of Federal Government to help the provincial governments in Building Back Better in the post-flood scenario by arranging concessional financing from the international development partners.