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The OPEC Fund
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Development
  1. Operations
  2. COVID-19 Active Response and Expenditure Support Program

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COVID-19 Active Response and Expenditure Support Program

Pakistan

Borrower Pakistan
Financing Type Public Sector
Instrument Budgetary Support
Focus Area Multisectoral
Approved 23.10.2020
Signed 03.02.2021
Status Ongoing
Loan Administrator ADB
Executing Agency -
Co-financiers ADB, IMF, AIIB, Bilateral Donors, World Bank, Government
OPEC Fund Contribution (US$m) 50.00
Total Project Cost (US$m) 50.00

To support the government's expenditure program to strengthen health infrastructure and social safety nets and provide a counter-cyclical fiscal stimulus.  This will include cash assistance to 12 million families and daily wage workers in the industrial sector who lost their jobs, the purchase of 8.2 million tons of wheat, subsidies for agricultural businesses and SMEs, and financing for industry and exporters. 

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