Who contributed what for Pakistan's flood-stricken areas at Geneva moot

Who contributed what for Pakistan's flood-stricken areas at Geneva moot

Business

World community pledges over $10bn for flood-hit Pakistan

GENEVA (Web Desk) - Dozens of countries and international institutions on Monday pledged more than $9 billion to help Pakistan recover and rebuild from devastating summer floods that the United Nations chief called “a climate disaster of monumental scale.” 

The flooding killed more than 1,700 people, destroyed more than two million homes and covered as much as one-third of the country at one point, causing damage totaling more than $30 billion, UN and Pakistani officials say. Large swathes of the country remain under water, with millions living near contaminated or stagnant waters, the UN says. 

The conference shaped up as a test case of how much wealthy nations would pitch in to help developing world countries like Pakistan manage the impact of climatic swoons, and brace for other disasters. 

Pakistan s Information Minister Marriyum Aurangzeb tweeted that top donors included the Islamic Development Bank, at $4.2 billion; the World Bank, at $2 billion; the Asian Development Bank, at $1.5 billion. She said the European Union had pledged $93 million, Germany $88 million, China $100 million, and Japan $77 million.

The United States announced another $100 million on top of a similar amount already committed to Pakistan. Saudi Arabia’s envoy laid out a pledge of $1 billion.




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