Pakistan Signs $350 M ADB Loan to Boost Women’s Financial Inclusion

Source: Firstpost

Pakistan has secured a $350 million loan from the Asian Development Bank (ADB) aimed at advancing financial inclusion and economic empowerment for women, state broadcaster Radio Pakistan reported on Tuesday.

The loan agreement was signed in Islamabad by Sabina Qureshi, Additional Secretary of the Economic Affairs Division, and Dinesh Raj Shiwakoti, Head of ADB’s Project Administration Unit, under the Women Inclusive Finance (WIF) Sector Development Programme. The funding under WIF’s second sub-program targets four critical areas: fostering a supportive regulatory and policy framework for women’s financial access, expanding financing options for women, enhancing female entrepreneurial capabilities, and building inclusive work environments within the financial sector.