Skip to Content

Bank to provide $2.5 billion to flood-ravaged Pakistan

KION

By MUNIR AHMED
Associated Press

ISLAMABAD (AP) — Pakistan’s Finance Ministry says the Asian Development Bank will provide $2.5 billion in aid to the impoverished flood-affected country, where climate-induced deluges of rain have killed nearly 1,700 people since-mid- June. It will be the largest financial assistance for Pakistan so far after the World Bank last month pledged $2 billion in aid. Pakistan’s Finance Ministry said in a statement Wednesday that the ADB’s country director, Yong Ye, announced the aid package at a meeting with Pakistan’s newly appointed Finance Minister Ishaq Dar. Pakistan says the record-breaking floods have caused at least $30 billion in damage.

Article Topic Follows: AP National News

Associated Press

BE PART OF THE CONVERSATION

KION 46 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content