Advertisement
Advertisement
Advertisement
Advertisement
ADB announces $3 million grant to support Pakistan’s flood response

ADB announces $3 million grant to support Pakistan’s flood response

ADB announces $3 million grant to support Pakistan’s flood response

The grant will help fund purchase of relief goods to support flood victims.

Advertisement

MANILA: The Asian Development Bank (ADB) approved a $3 million grant to support Pakistan’s emergency relief efforts amid widespread floods across the country.

The financial institution issued a statement saying the grant, financed from the Asia Pacific Disaster Response Fund (APDRF), will help fund the immediate purchase of food supplies, tents, and other relief goods to support flood victims across the country.

APDRF is a special fund designed to fast-track grants to ADB developing member countries affected by disasters triggered by natural hazards.

“ADB stands with the people of Pakistan during these difficult times,” said ADB Director General for Central and West Asia Yevgeniy Zhukov.

“We are committed to working with the government and other development partners to help Pakistan overcome the devastating impact of this natural disaster and provide immediate relief to affected families.”

Advertisement

ADB Country Director for Pakistan Yong Ye said, “Our team is also helping to assess the damage caused by floods to draw up plans to support longer-term rehabilitation efforts and strengthen communities’ climate resilience.”

The statement noted that heavy rains across Pakistan have triggered flash floods, landslides, and glacial lake outbursts. In July, the country received more than 60% of average annual monsoon rainfall in just 3 weeks.

Over 33 million people are estimated to have been affected by the floods with more than 1,000 deaths reported and about 1,500 injured. Almost half a million people are currently in relief camps.

The statement said Pakistan has identified several priority needs, including food security, agriculture and livestock, health, water, sanitation, hygiene, shelter, and nonfood items.

The Manila-based financial institution is coordinating with other partners to support Pakistan’s response, including through the ADB-supported National Disaster Risk Management Fund created to strengthen Pakistan’s climate and disaster risk resilience and to efficiently channel funds to support local authorities’ disaster resilience work.

ADB said it is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.

Advertisement

 

 

Also Read

Pakistan’s GDP to remain moderate in FY22-23: ADB
Pakistan’s GDP to remain moderate in FY22-23: ADB

The Asian Development Bank on Thursday projected that the Gross Domestic Product...

Advertisement
Advertisement
Read More News On

Catch all the Pakistan News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Follow us on Google News.


End of Article
Advertisement
In The Spotlight Popular from Pakistan Entertainment
Advertisement

Next Story