World Bank, IMF step up aid to Pakistan
September 02, 2010
Unprecedented floods have affected more than 18 million people
The World Bank on Thursday raised flood aid to Pakistan to one billion dollars while the IMF approved 450 million dollars in emergency financing to help the nation cope with its worst-ever humanitarian disaster.
The World Bank would "raise its flood-related support in the current fiscal year to one billion dollars from 900 million dollars," the bank's president Robert Zoellick told Pakistan Finance Minister Hafeez Shaikh, a statement said.
IMF chief Dominique Strauss-Kahn announced separately that the fund "will provide around 450 million dollars in immediate emergency financing" to Pakistan to help it manage the aftermath of the massive and devastating floods.
The unprecedented floods have engulfed an area the size of England, affecting more than 18 million people, including eight million who are dependent on aid handouts to survive.
The scale of the disaster is so large that a month after the deluge, many are complaining of going without food or water for days.
AFP
- Another Indonesian Pilot Busted in Airline Drug Test
- Is Atheism Illegal in Indonesia?
- ‘The Phantom of the Opera’ Unveils Itself to Jakarta Audience
- 12 Detainees Pull Off Brazen Jakarta Jail Break
- Indonesia Property Demand to Rise With Economy
- Bali’s Rising Violent Crime Rate Could Threaten Tourism Industry
- Sumitomo Bets on Indonesia’s Growing Need for Electricity
- Indonesian Police Arrest Czech Tourist in Papua
- Jakarta 'Healer' Touches Clients’ Penises to ‘Remove Evil Spirits’
- Apple’s iPhone Hot But Android Handsets on Fire
-
7:41am | Bakries, Brisbane Roar to Open...
If the Bakrie Group was an Indonesian Chinese owned group, one would imagine that there would be the usual rants from posters as to why such group -
7:34am | Rise of the Brotherhood Won’t ...
ps... the Brotherhood have already started silencing dissenters in Egypt (even before they take power!) The most notable being writer Abdel Moneim, -
7:25am | Rise of the Brotherhood Won’t ...
since much of Egypts Arab Spring was about the desperate need for economic change the author is simply outlining what many other observers are sayi -
5:42am | Bakries, Brisbane Roar to Open...
It is just matter of time where west really fall to east. As more companies of west need to deal with their east counterpart. If you think citibank -
1:48am | 7 Motorcycle Girls Arrested fo...
Another girl gang likes to bullying because of simple matter,, epic fail ! -
1:10am | House Slights Supreme Court Or...
This makes me so angry. Gumawan fauzi and suryadharma are not incompetent retards - they are radicals who have attaind high office. -
12:48am | Is Atheism Illegal in Indonesi...
"But atheists who want to proclaim their beliefs outside their own circles might want to think carefully before zealously taking on established re -
12:45am | House Slights Supreme Court Or...
@DrDez: of course, because we all know how those pesky laws and supreme courts and things get in the way of what's really important: keeping the m
