Pakistan’s finance minister, Ishaq Dar, said on Wednesday that the Asian Infrastructure Investment Bank (AIIB) will give $500 million to help pay for the BRACE development programme.
The Building Resilience with Active Countercyclical Expenditures Program (BRACE) is a programme funded by the Asian Development Bank that helps people deal with the effects of an economic crisis on society.
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“The State Bank of Pakistan will get these funds by November 2022,” Dar wrote on his Twitter account.