International donors pledge $5 billion to Pakistan
Pakistan
International donors pledge $5 billion to Pakistan
International donors led by the United States and Japan pledged more than $5 billion to stabilize Pakistan's troubled economy and fight the spread of terrorism in the Islamic nation and neighboring Afghanistan. The U.S. and Japan started off an international donors' conference in Tokyo by pledging $1 billion each. Saudi Arabia added $700 million and the EU $640 million. The donors said their contributions would be focused on improving the economic climate in Pakistan through infrastructure and other projects, and stressed that stability in Pakistan is key to averting the growth of terrorism throughout the region. Aso announced Japan would provide $1 billion in aid to support Pakistan's economic reforms and its fight against terrorism, while the U.S. issued a statement Friday that it will also chip in $1 billion as a down payment on aid it has already announced.
