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World Bank boosting its Pakistan floo...

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Ashton
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Username: Ashton

Post Number: 6174
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Posted on Wednesday, September 01, 2010 - 04:38 pm:       

http://www.alertnet.org/thenews/newsdesk/WAT014626.htm


WASHINGTON, Sept 1 (Reuters) - The World Bank has increased funding to help Pakistan cope with catastrophic flooding by $100 million, to a total of $1 billion, the bank said in a statement on Wednesday.

"The World Bank is committed to helping the people of Pakistan during this time of need and has made US$1 billion available to finance immediate recovery needs and longer-term reconstruction," the statement quoted World Bank President Robert Zoellick as telling Pakistan Finance Minister Hafeez Shaikh in Washington. (Reporting by Paul Eckert, Editing by Andrea Ricci)

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