Geneva, January 9
Pakistan said on Monday that donors had committed to give more than $8 billion to help it recover from last year’s devastating floods in what is seen as a major test for who pays for climate disasters.
Pakistan Information Minister Marriyum Aurangzeb sent a tweet saying that pledges had reached $8.57 billion – more than it had initially sought. Among the donors were the Islamic Development Bank ($4.2 bn), the World Bank ($2 bn), the Asian Development Bank ($1.5 bn) as well as the European Union and China, she said. France and the United States also made contributions. — Reuters
