India, June 29 -- MANILA - The Asian Development Bank (ADB) approved a loan of $350 million to support access to finance for women in Pakistan.
The funding will support the second phase of the Women-Inclusive Finance Sector Development Program, which includes a $300 million policy-based loan and a $50 million financial intermediation loan designed to fund credit facilities and guarantees that support women's entrepreneurship through improving their access to finance.
"The program is ambitious with a goal to reach out to over 2 million women in Pakistan to help them fulfill their potential, through a combination of access to finance, inclusive legal and policy reforms, and expanding capacity for entrepreneurship," said ADB Director Sani Is...