The Asian Development Bank has released 1.5 Billion dollars to the State Bank under Building Resilience under Active Countercyclical Expenditures Program on Wednesday.

According to the details, 1.5 billion dollars' BRACE Program aims to support the Government's efforts to deal with the adverse impacts of devastating floods, supply chain disruptions, rising energy and fuel prices and inflation on the poor and vulnerable.

The BRACE Program will expand the number of families receiving cash transfers through Benazir Income Support Programme from 7.9 million to 9 million, increase the number of children enrolled in primary and secondary schools, and enhance geographic coverage of health services and nutritional supplies for pregnant and lactating mothers and children under two years old.

The BRACE Program is completely aligned with the Government's strategy to provide targeted and temporary countercyclical relief measures. The Program aims to support deployment of planned countercyclical development expenditure and will promote sound macroeconomic management. The BRACE Program is also in line with the framework of ongoing IMF program to implement necessary structural reforms to improve the country's macroeconomic prospects.