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Project Details
| Project Number | LN3881-PAK |
|---|---|
| Project Name | ENERGY SECTOR REFORMS AND FINANCIAL SUSTAINABILITY PROGRAM (SUBPROGRAM 1) |
| Sector/Thematic Area | Energy |
| Financing Agency | ADB |
| Modality | A02 |
| Description | The proposed Energy Sector Reforms and Financial Sustainability Program aims to address fiscal, governance, technical, and policy deficits in Pakistans energy sector. These arrears have adversely impacted the sectors quality and efficiency of services, and the sustainability of energy infrastructure and finances, thereby challenging Pakistans fiscal balance and macroeconomic stability. The program incorporates lessons learned from similar policy-based interventions by the Asian Development Bank (ADB) and draws on the recommendations and lessons in the sector assistance program evaluation. The program is conceived in close coordination with key development partners, and underpins the International Monetary Funds recently approved $6.0 billion extended fund facility to curtail the sectors burden on the annual budget and to stem quasi-fiscal losses and associated negative impact on economic growth. |
| Adaptation Finance (thousand USD) | 0.0 |
| Mitigation Finance (thousand USD) | 45000.0 |
| Total Project Climate Financing Amount (thousand USD) | 45000.0 |
| Mitigation Objective | Climate components |
| Adaptation Objective | Climate components |
| Region | Asia |
