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Home Business

ADB Project Success Rate increases to 64% in Pakistan

by News Publishing
April 13, 2022
in Business, Economy
Reading Time: 1 min read
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ADB Project Success Rate increases to 64% in Pakistan
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According to the Asian Development Bank’s Independent Evaluation Department (IED), Pakistan’s project success percentage increased from 58 percent in 2018–2020 to 64 percent in 2019–2021.

The project success rate in Central and West Asia stayed at 66 percent in 2019–2021, according to the IED’s validation report “Annual Evaluation Review 2022, Fragile and conflict-affected Situations and Small Island Developing States.” In the region’s largest countries, performance improved: Pakistan (from 58 percent in 2018–2020 to 64 percent in 2019–2021).

Most of these TA projects used virtual tools to carry out their work, and some of them produced COVID-19-related knowledge products in response to the pandemic, such as Preparing Health Sector Assessment in Pakistan, which developed a COVID-19 response strategy and Strengthening Government and Civil Society Cooperation in Open Government Partnership to Improve Public Services in Indonesia, which published two blog posts on digital innovations amid COVID-19 and how local governments can help.

The ADB’s energy projects in Pakistan were environmentally sensitive, and both national and ADB safeguard rules were followed.

Pakistan, which has taken in a considerable number of Afghan refugees, has yet to receive ADB refugee assistance since the country is not categorized as a fragile and conflict-affected situation (FCAS) and hence is not eligible for ADF grants. Assistance may be considered in such circumstances to assist refugees and their host communities, even if they are in developing member countries (DMCs) that are not eligible for ADF grants.

Tags: ADBADF grantsIndependent Evaluation Departmentlatest
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