ADB to give Pakistan up to US$2.5bil in flood relief support

ADB to give Pakistan up to US$2.5bil in flood relief support

The announcement comes amid new dangers from waterborne diseases and hunger.

Over 1,700 people died from floods caused by abnormal monsoon rainfall and glacial melt. (AP pic)
ISLAMABAD:
The Asian Development Bank will give Pakistan up to US$2.5 billion in flood relief support, Pakistan’s finance ministry said on Wednesday.

The announcement came after the ADB’s country director, Yong Ye, met Pakistan’s finance minister Ishaq Dar in Islamabad.

“ADB will provide flood relief support to Pakistan to the tune of US$2.3 to US$2.5 billion,” the ministry said in a statement.

The money includes US$1.5 billion for one of its aid programmes, known as Building Resilience with Active Countercyclical Expenditure (BRACE), which will be placed before the ADB board for approval during October, it said.

The floods, caused by abnormal monsoon rains and glacial melt, have submerged huge swaths of the South Asian country and killed nearly 1,700 people, the majority of them children and women.

The United Nations on Tuesday revised fivefold its humanitarian appeal for Pakistan, to US$816 million from US$160 million, as a surge of waterborne diseases and growth of hunger posed new dangers, which the World Health Organization has termed a “second disaster”.

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