Asian Infrastructure Investment Bank has received an invitation from Finance Minister Muhammad Aurangzeb to offer program loan assistance for disaster preparedness and climate change impacts.
Speaking with Jin Liqun, the Bank President In Washington, the bank was also invited to invest in the N-5 Reconstruction Project by the Finance Minister.
He recognized the bank’s assistance to Pakistan, especially in addressing the repercussions of the disastrous floods that occurred in 2022.
When the Finance Minister visited China, he spoke with the People’s Bank of China administration.
He said that Pakistan wants to expand its sources of funding and look into the potential of issuing a Panda bond with an AIIB partial credit guarantee.
According to Muhammad Aurangzeb, the market would receive a powerful signal if the AIIB was brought on board as an anchor to support the process.
He praised the advancement of AIIB projects in Pakistan and underlined the need for more work to enhance the way ongoing projects are being disbursed.
He accepted his invitation for the president to come to Pakistan.
