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Article: US$150 MLN ADB MICROFINANCE LOAN FOR PAKISTAN'S KHUSHHALI BANK.
- Article from:
- AsiaPulse News
- Article date:
- February 10, 2001
CopyrightCOPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KARACHI, Feb 10 Asia Pulse - The Asian Development Bank (ADB) has signed a US150 million loan agreement to support Pakistan's poor by providing them small credits, officials said.
Pakistan will get the loan to run Khushhali Bank (Prosperity Bank) under ADB's micro-finance sector development programme. The ADB has immediately released $50 million.
"The Micro-finance Sector Development Programme loan of 150 million dollars is a reflection of international development community' s trust in the anti-poverty measures adopted by ...