ISLAMABAD: The Asian Development Bank (ADB) has approved a $250 million policy-based loan to help Pakistan drive sustainable investments in infrastructure and services through public-private partnerships (PPPs), ARY News reported.
ADB’s Promoting Sustainable Public–Private Partnerships Program supports implementation of government policies to create an enabling environment for fiscally affordable PPPs and promote inclusive economic growth, according to press release received here.
“This program is part of our comprehensive and integrated package of public sector management support that balances the country’s fiscal consolidation and growth objectives,” said ADB Director General for Central and West Asia Yevgeniy Zhukov.
“The program will help the Government of Pakistan create an environment that is conducive to strategic, fiscally affordable PPPs that will bring the country closer to its development goals,” Zhukov said.