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Saudi and AIIB Push Geneva Flood Commitments for Pakistan to Nearly $11 Billion

admin-augaf by admin-augaf
January 9, 2023
in Business, Finance
Reading Time: 1 min read
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Pakistan Seeks Billions of Dollars in New Loans After Floods
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Geneva January 9 2023: In second plenary phase of Geneva moot Pakistan raises another USD 2 billion from international donors and friendly countries which pushes overall funding commitments to USD 10.57 billion.

In second plenary phase of Geneva moot, development partners are exploring collaborative ways to build back better. Asian Infrastructure Investment Bank has pledged $1 billion to build back better climate resilient infrastructure& adaptation says Pakistan Information and Broadcasting Minister.

She added, “The brotherly country Kingdom of Saudi Arabia has pledged $1 billion to assist Pakistan in daunting task of resilient recovery and rehabilitation. millions.”

During the first plenary of day-long Geneva conference culminated in generous outpouring of int’l community, EU pledged $93 million, Germany $88 million, China $100 million, IDB $4.2 Billion, WB $2 billion, Japan $77 million, ADB $1.5 billion, USAID $100 million, France $345 million, total $8.57 billion, in line with collaborative vision of coalition of willing.

Tags: Climate ChangeGeneva
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