World Bank Pledges to Provide $2 Billion in Flood Aid; The Biggest Assistance So Far

Written by Techjuice Team ·  1 min read >
Flood relief

The world bank just recently announced that it will provide $2 Billion in aid for Pakistan, almost 1/3 of which has suffered massively in the ongoing floods. According to estimates, around 1600 people have been killed by the flood while millions reside in tents or shelter homes.

The World Bank with its $2 Billion aid has turned out to be the biggest donor for flood relief in Pakistan. Other big organizations have also pledged flood relief for Pakistan, ‘Meta’ for example has donated $125 million.

Unexpected monsoon overflowed rivers and not only destroyed millions of homes but also caused a decline in the agricultural industry, which is termed to be the backbone of Pakistan’s economy. Apart from crops, the floods have also been devastating for the SMEs which account for 40% of the country’s GDP.

Before the pledge announcement, the World Bank’s vice president for South Asia ‘Martin Raiser’ paid a visit to the country and analyzed the situation himself on Saturday 24th September. During his visit, Vice President Raiser’ met with the Chief Minister of Sindh and other federal ministers and then went on to tour the badly struck Dadu district.

Soon after completing his visit, Raiser made statements about the flood situation in Pakistan and said that “We are deeply saddened by the loss of lives and livelihoods due to the devastating floods and we are working with the federal and provincial governments to provide immediate relief to those who are most affected.”

Apart from the floodings, the flood affectees are also suffering from water-borne diseases such as dengue and malaria, which has grown rampantly over the last month and has resulted in hundreds of deaths.

Talking more about the situation, Raiser said that “as an immediate response, we are repurposing funds from existing World Bank-financed projects to support urgent needs in health, food, shelter, rehabilitation and cash transfers.”

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