ISLAMABAD: The Asian Development Bank (ADB) has appointed China’s Xiaohong Yang as new Country Director for Pakistan.
According to ADB press statement, Yang, who assumed office on April 24, 2017, is ADB’s first woman Country Director in Pakistan as well as the first national of the People’s Republic of China.
“I am very pleased to announce Ms. Yang as ADB’s new Country Director for Pakistan,” said Sean O’Sullivan, Director General for Central and West Asia at ADB.
“Pakistan’s recent growth and development has been impressive. With further economic and structural reforms taking place and new opportunities emerging, Ms. Yang will bring to this key position strategic leadership and considerable experience in the region to support this transformation,” O’Sullivan added.
Yang will lead the implementation of ADB’s Country Partnership Strategy 2015-2019 for Pakistan, which focuses on infrastructure development and institutional reforms.
ADB has lent an average of $1.5 billion per year to Pakistan over the last three years, the statement added.
Yang will spearhead ADB operations in Pakistan to support the country’s development goals through regional initiatives such as China-Pakistan Economic Corridor (CPEC) and Central Asian Regional Cooperation (CAREC).