World Bank pledges $2 billion for flood-ravaged Pakistan, says report

The $2 billion figure includes that amount. Raiser said the bank is working with provincial authorities to begin as quickly as possible repairing infrastructure and housing

Pakistan floods, Floods

Photo: Reuters

AP | PTI Islamabad
The World Bank said it will provide about $2 billion in aid to Pakistan, ravaged by floods, the largest pledge of assistance so far. Unprecedented monsoon rains and flooding this year — which many experts attribute to climate change — have killed more than 1,600 people and have injured some 13,000 across the country since mid-June. The floods have displaced millions and destroyed crops, half a million homes and thousands of kilometres of roads.

The World Bank’s vice president for South Asia, Martin Raiser, announced the pledge in an overnight statement after concluding his first official visit to the country Saturday.


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First Published: Sep 25 2022 | 10:15 PM IST

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