ISLAMABAD Asian Development Bank (ADB) urged the Government on Friday to keep focus on ongoing economic reforms while embarking upon the mega reconstruction after the unprecedented floods. The reconstruction and reforms must go side by side otherwise it would become a risky affair for the economy, said Juan Miranda, Director General, Central and West Asia Regional Department of the ADB, while talking to a select group of journalists here Friday evening. He was of the view that the floods would definitely have their impact on the economy but the question of how much would only be answered after the completion of damage and need assessment hopefully by October 15. According to the visiting senior official of ADB, already announced $2 billion assistance for early recovery and reconstruction of Pakistans flood-hit areas would be disbursed among 16 sectors in 12 to 30 months. To a question, he said it would be clear after the completion of damage and need assessment that how much would be diverted from the existing projects and how much fresh funds would be required. To a question of credibility and transparency of disbursement, he said the allocation would be disbursed in the same manner as we did in the Earthquake 2005 reconstruction. We would be outsourcing the technical aspects of the projects on the basis of an equal opportunity for both local and foreign parties. Meanwhile an official, requesting anonymity, told this scribe that ADBs Country Partnership Strategy (CPS) for Pakistan amounted to $1.5 billion for the ongoing year thus it could be understood that fresh commitment would not be more than $500 million. However, he added, the reprioritisation of CPS projects would be possible only after the finalisation of damage and need assessment.