Pakistan News: Poor Pakistan has got great support from international organizations and countries in bad times. At the Geneva conference, a promise was made to give more than $10 billion to rehabilitate the flood-affected areas of Pakistan.
A conference has been organized under the leadership of Pakistan in the city of Geneva, Switzerland, to help and compensate for the damage caused by the flood. At the conference, international organizations and countries pledged more than $10 billion to rehabilitate the more than 33 million people affected by the floods in Pakistan.
Union Minister Maryam Aurangzeb said in her statement on Twitter that Prime Minister Shahbaz Sharif’s efforts for relief and rehabilitation for the flood victims of Pakistan paid off. International organizations and developed countries have promised aid after Prime Minister Shehbaz Sharif appealed for $8 billion to rehabilitate the flood-affected people. World Bank and Islamic Development Bank pledged to give Pakistan more than 6 billion dollars.
Geneva Conference Promised To Give Billion Dollars
The Islamic Development Bank promised to give $4.2 billion in the next three years, while the World Bank promised to provide $2 billion to Pakistan. Which country gave how much to Pakistan in the Geneva Conference held under the leadership of Pakistan? See below.
- Asian Development Bank – $1 Billion
- USAID – $100 Million
- Japan – $77 Million
- Germany – 84 Million Euros
- European Union – 500 Million Euros
- France – $10 Million
- China – $100 Million
- Saudi Arabia – $1 Billion
- Asian Infrastructure Investment Bank – $1 Billion
- United Kingdom – 9 Million Euros
Significantly, Pakistan, which has an economy of $ 350 billion, is facing severe economic problems after the devastating floods in the country. Along with the devastation in Pakistan, the flood also severely blew the economy. Apart from this, 1700 people lost their lives. There has been a loss of more than 16 billion dollars. International financial organizations and private donors, including 40 countries, participated in the Geneva conference.
Inaugurating the conference, Prime Minister Shahbaz Sharif said that the floods from June to October 2022 had caused massive damage to Pakistan’s economy, for which Pakistan needs $8 billion in the next 3 years.
