World Bank OKs $139M for Pakistan

The World Bank is ready to lend $138 million to fund a home rebuilding project in Pakistan. The credit will go to the Pakistan Poverty Alleviation Fund (PPAF) and will be used as payments to some 90,000 families, whose homes were destroyed by a powerful earthquake in October 2005. “This additional finance will enable the PPAF to continue its vital work in rebuilding lives and homes in the affected areas,” World Bank country director John Wall said. (Source: World Bank approves credit for quake-hit Pakistan/Reuters)

About the author

Join the Discussion