Pakistan received $5.58 billion in loans from the Asian Development Bank (ADB) in 2022, making it the largest recipient of ADB-funded programs/projects, due to the economic crisis caused by political and geopolitical uncertainties.
The bank provided concessional funding of $2.67 billion of the total lending to Pakistan. The ADB’s Annual Report 2022 shows that it disbursed over $31.8 billion to 40 countries in total, and the bank provided timely responses to emerging and ongoing crises in the Asia and Pacific region.
In addition to Pakistan, other countries severely impacted by the food and energy crisis, including the Kyrgyz Republic, Mongolia, Tajikistan, and Uzbekistan, also received a combined $2.2 billion through the bank’s countercyclical support facility.
The ADB also disbursed emergency support to Tonga and Bangladesh, and continued Energy Transition Mechanism (ETM) efforts in the Philippines and Vietnam. The ADB is also helping finance crop inventories of over 50,000 smallholder farmers, and climate adaptation training for growers in India, Indonesia, Pakistan, Thailand, and Vietnam.
In Sri Lanka, the bank committed $3.7 billion, including essential food assistance for those in need, including women and girls. Pakistan was hit by devastating floods that killed more than 1,700 people and directly affected 33 million people, causing damages in billions of dollars.
The ADB supported post-pandemic green growth and increased resilience to both short- and long-term challenges in its developing member countries (DMCs) of Central and West Asia.
The bank committed financial resources totaling $6 billion for the region in 2022, comprising $4.8 billion in sovereign financing and $1.2 billion in non-sovereign investments.
