Islamabad, Aug. 26 (Reuters): The Asian Development Bank said today it would cut its assistance to Pakistan if a civilian government formed after October polls reversed economic reforms of military ruler Gen. Pervez Musharraf.
Musharraf, who seized power in a bloodless coup in 1999, has vowed not to allow the future government to undo his reforms and has extended his rule for five more years through a controversial referendum in April as a means to ensure that.
Marshuk Ali Shah, ADB’s country director, told reporters the bank’s plan to provide $2.5 billion to Pakistan over the next four years to fight poverty under its Country Strategy and Programme could be at risk if reforms was undone.
“Our level of assistance definitely will come down.” he said when asked what ADB would do in case of an attempt to reverse the reforms.
In a report distributed at the news conference, the ADB said it and other external financing agencies could make it more difficult for any future government to reverse the reforms by building the government’s devolution plans and other key reforms into their assistance programmes.