ADB approves $500m facility for Pakistan’s disaster resilience

The Asian Development Bank has cleared $500 million in contingent financing for Pakistan to help cover public spending after qualifying disasters, Mettis Global reported on November 11, 2026. The support is part of the bank’s policy-based lending and is intended to help the country manage the fiscal and economic effects of disaster events.

Pakistan faces average yearly losses of $2 billion from floods, earthquakes and other hazards, while the 2022 floods caused $14.9 billion in direct damage and $15.2 billion in economic losses, according to the report. The funding sits within the second phase of ADB’s Climate and Disaster Resilience Enhancement Program, which focuses on policy changes, preparedness and incorporating resilience into development plans and investment. ADB Country Director Emma Fan said stronger preparedness can protect lives and livelihoods and lessen losses, with vulnerable communities among those the program aims to support.