Early Warning System

Countries

Pakistan

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

Asian Development Bank (ADB)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Jun 3, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Government of Pakistan - Ministry of Economic Affairs

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Finance
Law and Government

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Guarantee, Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 300.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Project Cost (USD)

$ 1,000.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Other Related Projects

ADB-56006-002 Preparing the Improved Domestic Resource Mobilization Reform Program

Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 6, 2025

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the proposed Improved Domestic Resource Mobilization Reform Program aligns with the Government of Pakistan's efforts to implement macroeconomic reforms, mobilize resources and promote public financial management (PFM) for economic growth. The core of the program is domestic resource mobilization (DRM). However, considering Pakistan's development context and the program's overarching goal of fiscal consolidation, DRM is interpreted more broadly, consistent with the 2015 Addis Ababa Action Agenda.

The Subprogram 2 will be utilizing two financing options: (1) Conventional PBL. OCR loan of $300 million for sovereign budget support; and (2) Policy-based guarantee. $500 million partial credit guarantee (PCG) backed by a sovereign counter indemnity, to mobilize commercial financing of $1 billion.

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

For the Borrower:

Ministry of Economic Affairs
Government of Pakistan
Islamabad, Pakistan
Facsimile Number: (0092 51) 910 4016
Electronic mail: secretary@ead.gov.pk

For ADB:

Asian Development Bank
6 ADB Avenue
Mandaluyong City
1550 Metro Manila
Philippines
Facsimile Numbers: (632) 8636-2444