Pakistan Secures Post-flood Aid from ADB, World Bank

A boy stands amongst the ruins of buildings destroyed by floods in Pakistan. The country is set to receive separate aid packages from the Asian Development Bank and World Bank for its post-flood reconstruction and economic recovery efforts. Photo by: Russell Watkins / DfID

Pakistan is set to receive separate aid packages from the Asian Development Bank and World Bank in support of its post-flood reconstruction and economic recovery efforts.

The Asian Development Bank is providing a $650 million emergency loan to help the country rebuild infrastructure destroyed in last year’s floods. The funding will be used to reconstruct more than 800 kilometers of provincial roads and bridges and 790 kilometers of national highways.

Meantime, the World Bank has approved a $125 million loan for a Pakistani program providing cash grants to millions of people affected by the floods.

The Citizen’s Damage Compensation Program, which is implemented by the Pakistani government, has provided cash grants worth 20,000 Pakistani rupees ($230) to more than 1.4 million families since its launch in September 2010. World Bank’s funding will allow the program to provide 40,000 Pakistani rupees in cash grants to an additional 1.1 million flood-affected families.

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    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.