 |
| pic by google |
ISLAMABAD: Pakistan has requested the globe Bank to divert $1.5 billion to $2 billion funding from slow comes to the flood-affected areas of Pakistan underneath the repurpose programme. capital of Pakistan conjointly requested the flux unit to explore potentialities for extra funding for the reconstruction of flood-hit areas
So far, the flux unit has indicated repurposing $850 million additionally to $350 million already committed by the bank to divert towards flood-hit areas. once contacted, Minister of State for Finance Aisha Ghaus pacha on Th same they asked the flux unit to explore potentialities to divert resources of $2 billion from slow comes to flood-affected areas. She same the flux unit would total details so inform capital of Pakistan concerning its call on repurposing funds. She same Pakistan conjointly requested the bank to explore further funding in addition, keeping visible medium to long-run necessities of reconstruction functions.
Sources same there was conjointly a prospect to raise the International Monetary Fund for extra funding. Federal Minister for Finance and Revenue Miftah Ismail control a virtual meeting with vp IBRD Martin Raiser in conjunction with Country Director IBRD Najy Benhassine on Th. Aisha Ghaus pacha, senior officers from the Finance Division {and the|and therefore the|and conjointly the} IBRD also attended the meeting. The minister of finance welcome the delegation to Pakistan and thanked the complete team for his or her continuous help. He apprised the delegation of the devastating impacts of floods. it absolutely was shared that simple fraction of the country was facing floods and variety of crops, particularly wheat and cotton, had been severely hit. Such loss would have vast economic repercussions on the economic stability of the country.
RISE-II and PACE-II were conjointly mentioned within the meeting. The minister of finance shared that Pakistan was on the brink of completion of RISE-II. numerous energy reform proposals were deliberated within the meeting, particularly associated with exposure of tube-wells.
The VP IBRD appreciated the efforts of the Pakistan government in endeavor the present difficult scenario thanks to floods. The delegation recognized that the recent flood crisis contend mayhem with human lives in addition as economic health of the county. The minister of finance thanked the globe Bank team for his or her continuous support and facilitation and conjointly shared that the present government was well-equipped to modify these challenges. He apprised the delegation that the govt was majorly focusing upon reconstruction comes in a very climate resilient manner.
0 Comments