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 24, 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 Finance

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

Sectors

Finance
Industry and Trade
Law and Government

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

Investment Type(s)

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)

$ 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.

Bank Documents

Other Related Projects

ADB-54424-001 Women Inclusive Finance Sector Development Program (Subprogram 1)

Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 7, 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 Women Inclusive Finance Sector Development Program (WIF SDP) continues to enhance women entrepreneurs’ access to finance, along with representation and greater voice in the economy. The WIF SDP entails two subprograms funded by two policy-based loans (PBLs), a financial intermediary loan (FIL) and an Asian Development Fund (ADF) 13 grant. The WIF SDP aims to (i) establish women-centered policies and regulatory frameworks, (ii) enhance lending to women-led households and microenterprises through the microfinance sector through microfinance banks (MFBs) and nonbank microfinance companies (NBMFCs), (iii) enhance the capacity of women entrepreneurs, and (iv) increase women representation in the financial sector. WIF SDP comprises the PBL in the form of a programmatic approach, the FIL (FIL 1), and the ADF 13 grant. Approved in December 2023, subprogram 1 is now being implemented.

The Ministry of Finance (MOF), the executing agency (EA) of the WIF SDP will also act as the executing agency for the FIL additional financing, the State Bank of Pakistan (SBP) will remain the implementing agency (IA) for the FIL additional financing.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

According to the Project Administration Manual (p. 46):

Environmental impacts Category C. Only proposed subloan activities that are not in close proximity to any environmentally sensitive area or religious or cultural site, and there are low or temporary environmental impacts can be categorized as ‘C’ and be eligible for financing. ii.

IR Category C. Only proposed subloan activities that do not involve IR can be categorized as ‘C’ and be eligible for financing. iii.

IP categorization Category C. Only proposed subloan activities that are not located in the Kalash and Makhrani coast can be categorized as ‘C’ and be eligible for financing.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

Asian Development Bank (ADB)

The financing amount is $300,000,000, which will be financed on a loan basis by ADB’s ordinary capital resources.

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:

Secretary, Economic Affairs Division
Government of Pakistan
Islamabad, Pakistan
Facsimile Number: (0092 51) 910 4016

For ADB:

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