{"id":288262,"date":"2022-10-09T08:08:07","date_gmt":"2022-10-09T03:08:07","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=288262"},"modified":"2022-10-09T08:08:07","modified_gmt":"2022-10-09T03:08:07","slug":"pakistan-to-get-2b-funds-in-flood-support-from-wb","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/pakistan-to-get-2b-funds-in-flood-support-from-wb\/","title":{"rendered":"Pakistan to get $2b funds in flood support from WB"},"content":{"rendered":"<p>Around $1.5bn funds would be mobilised this year | Ishaq Dar briefs Najy Benhassine about economic challenges<br \/>\nISLAMABAD<br \/>\nWorld Bank Saturday announced the allocation of $2 billion in funds from existing projects for emergency operations in flood-affected areas to support Pakistan as the cash-strapped nation seeks funding following the climate-induced catastrophe.<br \/>\nBank\u2019s Country Director Najy Benhassine, during a meeting with Finance Minister Ishaq Dar, informed him that around $1.5 billion in funds would be mobilised this year due to an emergency situation.<br \/>\nThe floods caused by abnormal monsoon rains and glacial melt have submerged huge swathes of the South Asian country and killed nearly 1,700 people, the majority of them children and women.<br \/>\nThe finance minister briefed Benhassine about the economic challenges that the country is currently facing. He said that the present government is cognizant of these issues and is taking pragmatic steps to resolve bottlenecks to growth.<br \/>\n\u201cThe present government is committed to setting the economy on a sustainable and inclusive growth path,\u201d Dar told the World Bank official according to a statement issued by the Finance Division.<br \/>\nDuring the meeting, Dar appreciated the World Bank for being a source of support in pursuing reform agenda and implementing various development projects for the country.<br \/>\nHe further said that Pakistan values the financial and technical support provided by the World Bank for the institutional reforms and economic development of the country.<br \/>\nEarlier this week, the Asian Development Bank (ADB) announced providing flood-relief support of $2.3-2.5 billion to Pakistan.<br \/>\nThe announcement came during Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar\u2019s meeting with a delegation of ADB, headed by its country director Yong Ye.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Around $1.5bn funds would be mobilised this year | Ishaq Dar briefs Najy Benhassine about economic challenges ISLAMABAD World Bank Saturday announced the allocation of $2 billion in funds from existing projects for emergency operations in flood-affected areas to support Pakistan as the cash-strapped nation seeks funding following the climate-induced catastrophe. Bank\u2019s Country Director Najy [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":288283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-288262","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan to get $2b funds in flood support from WB<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/pakistan-to-get-2b-funds-in-flood-support-from-wb\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan to get $2b funds in flood support from WB\" \/>\n<meta property=\"og:description\" content=\"Around $1.5bn funds would be mobilised this year | Ishaq Dar briefs Najy Benhassine about economic challenges ISLAMABAD World Bank Saturday announced the allocation of $2 billion in funds from existing projects for emergency operations in flood-affected areas to support Pakistan as the cash-strapped nation seeks funding following the climate-induced catastrophe. Bank\u2019s Country Director Najy [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/pakistan-to-get-2b-funds-in-flood-support-from-wb\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-09T03:08:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2022\/10\/Page6-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2340\" \/>\n\t<meta property=\"og:image:height\" content=\"1155\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta 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