The World Bank (WB) will repurpose $300 million for support of flood affectees along with enhanced relief efforts in Pakistan’s flood-hit areas.
WB has re-programmed its existing and future programs for Pakistan and has agreed to support the country that has been dealing with massive devastation due to flooding caused by climate change.
WB’s Vice President Martin Raiser met with Pakistani Ambassador to the United States (US) Masood Khan. During the meeting, Martin Raiser said that the World Bank was seeking to assess the on-ground situation and it would help Pakistan overcome the calamity.
Martin Raiser also expressed his condolences over the loss of precious human lives and other damages caused due to the worst flooding in the country.
WB’s vice president also said that he would soon visit Pakistan for an informed assessment over the cumulative damages caused by the floods and look for the best ways to help the government.
Pakistani envoy told WB’s vice president that more than 33 million Pakistanis had been affected by the devastation of the worst floods that have inundated around one-third of Pakistan’s area.
Masood Khan has also stated in a message on Twitter that his meeting with WB’s vice president was excellent. He appreciated WB’s assistance for Pakistan, and expressed Pakistan’s resolve of working with the World Bank for a strong partnership.