WB to provide $900m for flood victims
ISLAMABAD: The World Bank has agreed to assist Pakistan with an amount of $900 million for carrying out relief and reconstruction efforts in the flood-hit areas.
The announcement was made after a meeting between Finance Minister Dr Abdul Hafeez Shaikh and World Bank’s country director, Rachid Benmessaoud. In the meeting, the scope of the bank’s support for the relief and reconstruction work with regard to the recent floods was discussed. The finance minister urged the World Bank to immediately initiate a damage-assessment survey in the flood-affected areas. Benmessaoud assured Hafeez that the process would be started next week.
Source: Daily Times
Date:8/13/2010
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