September 13, 2023
Economy Pakistan

United States Provides Additional $100 Million in Funding for Pakistan’s Flood Recovery Efforts

United States Provides Additional $100 Million in Funding for Pakistan's Flood Recovery Efforts

The United States has assured Pakistan that it will continue to support the country in efforts to strengthen its economy and recover from last year’s devastating floods. State Department spokesperson Ned Price announced an additional $100 million in recovery and reconstruction funding, bringing the total US contribution to over $200 million.

The funding will be used for a variety of purposes, including flood protection and governance, disease surveillance, economic growth and clean energy, climate-smart agriculture, food security, and infrastructure reconstruction. The funding also includes humanitarian assistance to support flood relief and recovery efforts in refugee-hosting areas.

In addition to the financial assistance, the US official emphasized the need to support the efforts to rebuild a climate-resilient Pakistan. The official stated that the US will continue to be a partner to Pakistan in all its priorities, including security, economic, and humanitarian efforts.

The United Nations also co-hosted a conference in Geneva to encourage the international community to help Pakistan raise funds for a $16 billion relief and reconstruction fund. Almost $10 billion was pledged at the conference. UN Secretary-General António Guterres urged radical reform of the global financial system to help Pakistan cope with the devastations caused by the deadly floods.

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