• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News

    Multilateral Banks Halt Aid to Pakistan

    By Ivy Mungcal // 01 February 2011
    People displaced by the massive floods in Pakistan stay in tent camps like this one in Balochistan. Multilateral banks all have reportedly suspended aid to the country. Photo by: Amjad Jamal / UN

    The Asian Development Bank, World Bank and Islamic Development Bank all have reportedly suspended their financial assistance to Pakistan, asking the country to provide a “Letter of Comfort” from the International Monetary Fund before they resume their funding.

    The delay in the disbursement of aid from these multilateral donors provides another setback for the Pakistani government, which continues to struggle with a deepening national deficit, analysts tell the Asia Times.

    The newspaper notes that the IMF is “losing patience” with Pakistan’s coalition government, which has yet to implement reforms recommended by the fund to ease fiscal deficit.

    • Funding
    • Banking & Finance
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ivy Mungcal

      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.

    Search for articles

    Related Jobs

    • LGU and Stakeholder Engagement Specialist
      Manila, Metropolitan Manila, Philippines | Metropolitan Manila, Philippines | Philippines | East Asia and Pacific
    • Associate Financing Partnerships Officer
      Mandaluyong, Metropolitan Manila, Philippines | Metropolitan Manila, Philippines | Philippines | East Asia and Pacific
    • Senior Investment Officer
      Mandaluyong, Metropolitan Manila, Philippines | Metropolitan Manila, Philippines | Philippines | East Asia and Pacific
    • See more

    Most Read

    • 1
      Opinion: Mobile credit, savings, and insurance can drive financial health
    • 2
      FCDO's top development contractors in 2024/25
    • 3
      Strengthening health systems by measuring what really matters
    • 4
      Opinion: India’s bold leadership in turning the tide for TB
    • 5
      How AI-powered citizen science can be a catalyst for the SDGs

    Trending

    Financing for Development Conference

    The Trump Effect

    Newsletters

    Related Stories

    European UnionScoop: EU halts funding as OACPS woes ‘more serious than expected’

    Scoop: EU halts funding as OACPS woes ‘more serious than expected’

    The future of US aidScoop: UN migration agency freezes US resettlement activities

    Scoop: UN migration agency freezes US resettlement activities

    Devex NewswireDevex Newswire: USAID purge reaches new level — and around the world

    Devex Newswire: USAID purge reaches new level — and around the world

    The Trump EffectDOGE's 'defend the spend' effort hits the aid sector

    DOGE's 'defend the spend' effort hits the aid sector

    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement