ISLAMABAD: Asian Development Bank (ADB) Country Director Werner Leipach has called on Finance Minister Ishaq Dar and apprised him of the progress of the on-going portfolio of the bank in the country and plans relating to financing of projects in 2016.
The ADB country director said that the ADB’s total co-financing for Pakistan stood around $1,050 million ($1.050 billion) including $400 million grant commitments from DIFD. The ADB has also provided $95 million trade finance support for the private sector.
While sharing the details of ADB’s financing plans for the coming year 2016, Leipach said that the bank is mulling to provide financing of around $1.2 to $1.5 billion, mainly in the field of infrastructure under the Public Private Partnership mode.
