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World Bank pledges USD 2 billion in aid to flood-hit Pakistan

Date:

Islamabad, Sep 25 (PTI) The World bank has said that it will provide USD 2 billion in aid to Pakistan for reconstruction and rehabilitation that includes food, shelter and other urgent needs of the victims of the recent devastating floods.

The announcement was made by the World Bank’s new vice president for the South Asia region, Martin Raiser, on Saturday in a statement issued at the end of his Pakistan tour.

“As an immediate response, we are repurposing funds from existing World Bank-financed projects to support urgent needs in health, food, shelter, rehabilitation, and cash transfers,” the statement said.

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