ISLAMABAD: The Asian Development Bank (ADB) has approved a ceiling of up to $18 billion in Policy-Based Lending (PBL) between 2022 and 2024 and enhanced its crisis-response instruments to support its developing member countries as they pursue a green, resilient and inclusive recovery.
Expanded PBL commitments will support developing member countries to undertake critical policy reforms and to address gaps in their development financing requirements. The ADB has announced that in order to maximise development impact, it has also introduced measures to enhance PBL quality and strengthen oversight by the board of directors.
Published in Dawn, May 7th, 2022
