(ADB) is a regional development bank established in 1966 to promote economic and social development in Asian and Pacific countries through loans and technical assistance. It is a multilateral development financial institution owned by 67 members, 48 from the region and 19 from other parts of the globe. ADB's vision is a region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their citizens. The work of the Asian Development Bank (ADB) is aimed at improving the welfare of the people in Asia and the Pacific, particularly the 1.9 billion who live on less than $2 a day. Despite many success stories, Asia and the Pacific remains home to two thirds of the world's poor. All projects funded by the Asian Development Bank are evaluated to assess their development effectiveness. There are two levels of evaluation—self evaluation and independent evaluation. All projects are self-evaluated by the relevant ADB operations department in a project completion report. ADB’s project completion reports are publicly disclosed and are available on ADB’s Internet site. Client governments are also required to prepare their own project completion reports.
ADB Projects in Pakistan
ADB started its operations for Pakistan in 1968. As of 31 December 2001, ADB's cumulative assistance to Pakistan totaled some $11.5 billion, of which $8.0 billion had been disbursed. Cumulatively, 47 percent of this assistance has been from our soft window, the Asian Development Fund (ADF), while the balance 53 percent came from our Ordinary Capital Resources (OCR) window. In addition, we have provided cumulative grant technical assistance of $92 million.
Investment projects have a common theme of poverty reduction and recent examples include:
1. Trade, Export Promotion and Industry Programme (TEPI - US$300 million) approved in March 1999 focuses on providing support to the Government for trade liberalization and modernization of trade policies. The Program was completed in July 2002;
2. Micro-finance Sector Development Programme (MFSDP-US$ 150 million) approved in December 2000 focuses on the development of sustainable rural microfinance services through commercial banking & credit unions to provide access to easy loans, assisted establishment of the Khushhali Bank. The Program is still ongoing;
3. Energy Sector Restructuring Programme (ESRP-US$ 355 million) approved in December 2000 focuses on a major reform of the energy sector by putting in place a self sustaining, efficient and competitive power sector. The Program is currently on going;
4. Decentralization Support Program (DSP- US$300 million) approved in November 2002 supports the ongoing decentralization process and related reforms of the Government;
5. Rural Finance Sector Development Programme (RFSDP- US$250 million) approved in December 2002 is providing easy access to loans by the rural population, provision of finance for the poor, expansion of rural finance, promotion of SMEs, and restructuring of the (ADBP);
6. Punjab Road Sector Development Project - US$150 million was approved in 2002 to build up the existing road structure, provincial highways, capacity building of executing agencies in Punjab. The Project has commenced recently.
ADB Projects in Pakistan
ADB started its operations for Pakistan in 1968. As of 31 December 2001, ADB's cumulative assistance to Pakistan totaled some $11.5 billion, of which $8.0 billion had been disbursed. Cumulatively, 47 percent of this assistance has been from our soft window, the Asian Development Fund (ADF), while the balance 53 percent came from our Ordinary Capital Resources (OCR) window. In addition, we have provided cumulative grant technical assistance of $92 million.
Investment projects have a common theme of poverty reduction and recent examples include:
1. Trade, Export Promotion and Industry Programme (TEPI - US$300 million) approved in March 1999 focuses on providing support to the Government for trade liberalization and modernization of trade policies. The Program was completed in July 2002;
2. Micro-finance Sector Development Programme (MFSDP-US$ 150 million) approved in December 2000 focuses on the development of sustainable rural microfinance services through commercial banking & credit unions to provide access to easy loans, assisted establishment of the Khushhali Bank. The Program is still ongoing;
3. Energy Sector Restructuring Programme (ESRP-US$ 355 million) approved in December 2000 focuses on a major reform of the energy sector by putting in place a self sustaining, efficient and competitive power sector. The Program is currently on going;
4. Decentralization Support Program (DSP- US$300 million) approved in November 2002 supports the ongoing decentralization process and related reforms of the Government;
5. Rural Finance Sector Development Programme (RFSDP- US$250 million) approved in December 2002 is providing easy access to loans by the rural population, provision of finance for the poor, expansion of rural finance, promotion of SMEs, and restructuring of the (ADBP);
6. Punjab Road Sector Development Project - US$150 million was approved in 2002 to build up the existing road structure, provincial highways, capacity building of executing agencies in Punjab. The Project has commenced recently.
