September 5, 2023
Economy Pakistan

International Community Pledges Over $9 Billion in Aid for Pakistan Flood Recovery

International Community Pledges Over $9 Billion in Aid for Pakistan Flood Recovery

The world has come together to pledge more than $9 billion to aid Pakistan in recovering from the devastating floods of last year. This amount represents over half of the $16.3 billion that Pakistan needs in order to fully recover from the disaster. The floods resulted in the deaths of at least 1,700 people, displacement of 8 million more, and significant destruction of infrastructure.

As Pakistan continues negotiations for the next installment of an international bailout, the pledges of aid from donors all over the world provide hope for the country. Hina Rabbani Khar, Pakistan’s Minister of State for Foreign Affairs, expressed her gratitude at a climate conference held with the United Nations in Geneva. She stated, “I think the message from the world is clear: the world will stand by those who go through any national calamity.”

The Islamic Development Bank, the World Bank, and Saudi Arabia were some of the largest contributors to the aid pledged. Additionally, the European Union, the United States, China, and France also made substantial contributions.

The outpouring of support comes after UN Secretary General Antonio Guterres urged for significant investments to assist Pakistan in recovering from what he referred to as a “climate disaster of monumental scale.” This disaster had a significant impact on Pakistan, both in terms of loss of life and destruction of property, and the pledges of aid will go a long way in helping the country to rebuild and move forward.

It is heartening to see the global community come together to provide support for those affected by such a catastrophe. The aid pledged will make a real difference in the lives of the people of Pakistan, and their ability to recover from this disaster. The solidarity and support shown by the international community is a shining example of how, in times of crisis, we can come together to make a positive impact.

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