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Pakistan receives $500M loan to boost climate resilience and disaster response.
The Asian Development Bank has granted Pakistan's State Bank a $500 million loan to enhance the country's resilience against climate change and disasters.
This funding aims to improve Pakistan's planning, preparedness, and response to environmental crises and will be included in the State Bank's foreign exchange reserves.
Pakistan, one of the most vulnerable countries to climate change in Asia, faces average annual disaster losses exceeding $2 billion.
10 months ago
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