The international community has promised to provide USD650 million to aid Bangladesh in its reconstruction efforts after Cyclone Sidr ravaged the country, killing thousands of people and causing massive devastation to infrastructure and agricultural land. Contributors include the Asian Development Bank, which pledged USD120 million, while the United States, the U.K., and Japan have each promised USD60 million. “We’re trying to mobilize the rest of the resources,” said Aminul Islam Bhuiyan, a representative from the Bangladeshi ministry of finance. An assessment team of local and international experts, however, found that the country will need at least USD4 billion to complete reconstruction and rehabilitation activities in 15 years.
Source: Donors pledge USD650 mln for rehabilitation works in Bangladesh (Xinhua)