KARACHI: Pakistan has welcomed the Asian Development Bank’s decision to allocate additional funds of 100 billion dollars for developing member countries to address emerging challenges such as climate change, water and food insecurity and poverty in the next 10 years from the Asian Development Bank in Tbilisi, the capital of Georgia, Ahad Khan Cheema, Pakistan Governor for ADP, said that Pakistan will be a developing member of the Capital Adequacy Framework during the next ten years Appreciates the release of 100 billion dollars to support countries, hoping that this additional funding will be used by low and middle income countries in a fair and efficient manner He said that climate change is a major challenge for developing countries and its effects worsen Pakistan’s economic challenges, with water and food insecurity increasing poverty in a system where the debt burden on the member countries does not reach a serious level He said that in this regard, the Development Bank Asian The new role as a climate bank is essential. He said that the challenges that the world, especially the developing countries, must overcome today with cooperation and coordination, which include the devastating effects of global epidemics, climate change and geo-tension strategic, which includes the increase in the prices of essential goods, the global growth rate leads to a slowdown and an increase in poverty.
