The Asian Development Bank (ADB) will launch its three-year Country Operations Business Plan (COBP) for Pakistan in January 2015.
The indicative resources for ADB’s sovereign operations will amount to $2.9 billion in loans comprising $1.9bn in ordinary capital resources and $998m from the Asian Development Fund (ADF).
The business plan is aligned with the interim Country Partnership Strategy (2014-15) and anticipated strategic thrust of the Country Partnership Strategy for 2015-19, scheduled for consideration by ADB board of directors in the first quarter of 2015.
According to ADB plan document, about 34 per cent of the indicative resources will be provided through multi-tranche financing facility (MFF). “However, the final country allocation of ADF resources will be subjected to available commitment authority and the outcome of the country performance assessments”, stated the document.
In addition to the assistance under the business plan, the indicative non-lending technical assistance programme for 2015-17 amounts to $18.75m for project preparatory technical assistance. Efforts will be made to mobilise co-financing for both investment and technical assistance projects.
A new MFF has been added for developing medium-sized hydropower projects to develop the country’s renewable energy potential and address some energy and water related issues.
A follow-up project has been added to address damage caused by the floods in 2014, as well as remaining reconstruction works from the floods in 2010.
