The Asian Development Bank (ADB) has approved a $350 million loan to support Pakistan’s efforts in enhancing women’s access to finance and promoting economic empowerment. The funding is part of the second phase of the Women Inclusive Finance Sector Development Program, a national initiative aimed at bridging the gender gap in financial services.
According to ADB, the package consists of a $300 million policy-based loan and an additional $50 million in project support to help implement structural reforms and expand access to credit and financial services for women across the country.
The program is designed to foster women’s participation in entrepreneurial activities, improve access to credit guarantees, and develop gender-inclusive financial infrastructure. By enabling more women to start and grow businesses, the initiative aims to increase female participation in Pakistan’s formal economy.
ADB emphasized that the funding aligns with its broader commitment to inclusive and sustainable economic growth, particularly through gender equity in the financial sector.
This loan marks a significant step forward in Pakistan’s pursuit of gender-responsive policy reforms and a more inclusive financial ecosystem, reinforcing ADB’s long-term development partnership with the country.
