The Asian Infrastructure Investment Bank has approved $250 million for the Second Resilient Institutions for Sustainable Economy (RISE-II) development policy financing, allowing the government to implement critical policy reforms to accelerate economic recovery and sustainable growth. This approval follows the World Bank’s $350 million for the project. RISE-II is supported under the Covid-19 Crisis Recovery Facility and aims to strengthen the country’s macroeconomic management and support sustained and inclusive growth by mitigating the effects of the Covid-19 pandemic and other shocks. The program will focus on improving fiscal management, private sector investments, and regulatory frameworks to foster growth and competitiveness. The World Bank has determined that the supported reforms are unlikely to have significant adverse poverty and social impacts and will likely have positive environmental impacts.