15.1 C
Athens
Τετάρτη, 6 Νοεμβρίου, 2024

Major Jolt For Pakistan As World Bank Delays Loans Worth $1.1 Billion Until FY 2024

Περισσότερα Νέα

- Advertisement -

In a major blow to crisis-hit Pakistan, the World Bank has delayed the approval of two loans, worth $1.1 billion, until the next fiscal year starting 2024, reported Pakistan-based The Express Tribune. The Washington-based lender’s decisions to withhold approval of the second Resilient Institutions for Sustainable Economy (RISE-II) loan worth $450 million and the second Programme for Affordable Energy (PACE-II) worth $600 million will be a major jolt for the Pakistani government. “The indicative date for (World Bank) Board discussion of the RISE-II project is fiscal year 2024, which will start on July 1, 2023 and end on June 30, 2024,” a World Bank spokesperson said.

Pakistan Prime Minister Shahbaz Sharif’s coalition government was already struggling to revive the International Monetary Fund (IMF) programme. The World Bank’s latest decision, however, has created a hole of $1.5 billion against the government’s annual financing plan, reported the Tribune.

Donors offer over $9B for Pakistan after devastating floods
Dozens of countries and international institutions on January 9 pledged more than $9 billion to help Pakistan recover and rebuild from devastating summer floods that the United Nations chief called “a climate disaster of monumental scale”, reported AP.

The flooding killed more than 1,700 people, destroyed more than 2 million homes, and covered as much as one-third of the country at one point, causing damage totaling more than $30 billion, UN and Pakistani officials say. Large swaths of the country remain under water, with millions living near contaminated or stagnant waters, the UN said.

Wrapping up a day-long conference on January 10 at the UN offices in Geneva, Pakistani Deputy Foreign Minister Hina Rabbani Khar said the final tally came in above a target for the international community to meet half of the estimated $16.3 billion needed to respond to the flooding. The rest is expected to come from the Pakistani government itself.

- Advertisement -

“Taken as a whole, these commitments total more than $9 billion and from what we know so far, these are all additional commitments from what was already given in terms of humanitarian assistance, etc., from both bilateral and multilateral partners,” she said, adding that a number of delegations had also offered in-kind support.

- Advertisement -

ΑΠΑΝΤΗΣΤΕ

εισάγετε το σχόλιό σας!
παρακαλώ εισάγετε το όνομά σας εδώ

The reCAPTCHA verification period has expired. Please reload the page.

Ροή ειδήσεων

ΣΧΕΤΙΚΑ ΑΡΘΡΑ

Pakistan is third worst nation globally in terms of law and order: World Justice Project index

In the latest World Justice Project (WJP) Rule of Law Index for 2024, Pakistan has been ranked 140th out of 142 countries, making it...

EU raises concern over Chinese aggression in Taiwan

The European Commission in a report raised concern over China's aggression against Taiwan and suggested that the EU step up exchanges with Taipei, Taipei...

Taiwan detects 6 Chinese military aircraft, 9 vessels around territory

Taiwan's Ministry of National Defence (MND) reported Chinese military activity near the island on Tuesday and said that by 6 am (local time), six...

China Tries to Blot out Tibetan Criticism of Mining Firm’s Damage to the Environment 

Chinese censors are trying to prevent people from viewing posts that allege severe environmental damage in Tibet caused by sand mining. A young Tibetan man...

ΔΗΜΟΦΙΛΗ ΑΡΘΡΑ

Το Fox News ανακήρυξε νικητή τον Ντόναλντ Τραμπ – Από λεπτό σε λεπτό η ομιλία του – Έχει 265 εκλέκτορες με όριο νίκης τους...

Μετά την επικράτηση Τραμπ στην Πενσυλβάνια, ο υποψήφιος των Ρεπουμπλικανών έχει 265 εκλέκτορες με όριο νίκης τους 270 06/11/2024 09:09 Νίκη του Τραμπ στην Πενσυλβάνια προβλέπει...

Αμερικανικές εκλογές ΗΠΑ: Αγοραστική τρέλα για κρυπονομίσματα λόγω Τραμπ – Iστορικά υψηλά το bitcoin-Ο Ντόναλντ Τραμπ εξασφάλισε την Τζόρτζια

Το bitcoin εκτινάχθηκε σε υψηλό ρεκόρ όλων των εποχών στα 75.060 δολάρια, καθώς οι επενδυτές κρυπτονομισμάτων στοιχηματίζουν ότι ο Ντόναλντ Τραμπ θα είναι ο νικητής...

Σταθερό το προβάδισμα του Τραμπ στην Πενσιλβάνια-Νίκη της Κάμαλα Χάρις στη Χαβάη

Στο 87% των καταμετρημένων ψήφων στην κρίσιμη πολιτεία της Πενσιλβάνια, ο Τραμπ προηγείται με 50,8% έναντι 48,1% της Χάρις. Νίκη της Κάμαλα Χάρις στη Χαβάη Σύμφωνα...

Οι νέοι ψηφοφόροι δείχνουν μικρή αλλά σημαντική στροφή προς Τραμπ

Τα προκαταρκτικά ευρήματα του AP VoteCast παραπέμπουν σε ορισμένες μετατοπίσεις μεταξύ δημογραφικών ομάδων που θα μπορούσαν να έχουν σημασία, μεταξύ άλλων των νεότερων ψηφοφόρων. Οι...