World Bank approves $1.69 bln for Pakistan flood relief projects

Pakistan already stressed economy took a further hit after severe floods earlier this year submerged large swathes of the country, killing nearly 1,700 people, damaging farmlands and infrastructure

By Reuters

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Families take a refuge at a camp after leaving their flood-hit homes, in Jaffarabad, a district of Baluchistan province, Pakistan. — AP file photo
Families take a refuge at a camp after leaving their flood-hit homes, in Jaffarabad, a district of Baluchistan province, Pakistan. — AP file photo

Published: Tue 20 Dec 2022, 4:26 PM

Last updated: Tue 20 Dec 2022, 5:01 PM

The World Bank has approved financing of $1.69 billion for flood relief projects in Pakistan, it said in a statement on Monday.

Pakistan’s already stressed economy took a further hit after severe floods earlier this year submerged large swathes of the country, killing nearly 1,700 people, damaging farmlands and infrastructure.

The World Bank financing is aimed at relief projects in the south-eastern Sindh province, which it said was worst-affected by the floods. — Reuters


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