Asian Development Bank President Masatsugu Asakawa on Tuesday assured the bank’s continued support for the government’s critical and structural reforms as the country continues to reel from the effects of the devastating floods.
Addressing a press conference at the ADB Board of Governors’ 56th annual meeting at Incheon, a bordering city of South Korea’s Capital Seoul, Asakawa said Pakistan was taking ‘quick’ required stabilisation measures by containing spending, enhancing tax reve nues and improving the financial sustainability of energy sector.
He said the ADB was supporting these policy measures that would definitely improve the economic condition of the country and help improve fiscal space for enhancing social protection transfers.
He said the bank would continue supporting Pakistan in these reforms through policy-based lending operations to help improve the economy and financial position.
Responding to a question, the ADB president said, “… the government [of Pakistan] is taking swift economic stabilisation and rehabilitation measures… These structural reforms will definitely bring [economic] stability.
