{"id":88549,"date":"2022-09-09T11:50:51","date_gmt":"2022-09-09T06:50:51","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=88549"},"modified":"2022-09-09T11:50:56","modified_gmt":"2022-09-09T06:50:56","slug":"wb-repurposing-usd-300-mn-flood-victims","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/wb-repurposing-usd-300-mn-flood-victims.html","title":{"rendered":"World Bank announces repurposing USD 300 mn for flood victims"},"content":{"rendered":"\n<p>Islamabad: World Bank Vice President (VP) Martin Raiser on Wednesday (September 08) announced the repurposing of USD 300 million approved in funds for the relief and rehabilitation activities of flood victims in Pakistan, news sources reported.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cdwp-clears-3-projects-world-bank-loans.html\" data-type=\"post\" data-id=\"69078\" target=\"_blank\" rel=\"noreferrer noopener\">CDWP clears 3 projects for World Bank loans<\/a><\/p>\n\n\n\n<p>During a meeting with Pakistan&#8217;s Ambassador to the United States of America (USA) Masood Khan, the VP stated that the bank will offer relief funds to Pakistan for infrastructure rebuilding and enhancement in flood-affected areas. On the occasion, the ambassador also informed bank officials about the flood-related losses and the need for more resources for restoration. He stated that the government has estimated<a href=\"https:\/\/www.zameen.com\/news\/ndma-initiates-flood-damage-assessment-collaboration.html\" data-type=\"post\" data-id=\"70419\" target=\"_blank\" rel=\"noreferrer noopener\"> USD 10 billion in material damage,<\/a> millions of hectares of land destroyed, and a looming food crisis due to agricultural land destruction.<\/p>\n\n\n\n<p>He also stated that the recent flood destroyed 6,500 kilometres of roadways that need immediate reconstruction.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/japan-7-mn-flood-relief-pakistan.html\" data-type=\"post\" data-id=\"88505\" target=\"_blank\" rel=\"noreferrer noopener\">Japan releases USD 7 mn for flood relief activities in Pakistan<\/a><\/p>\n\n\n\n<p>It is worth noting that Pakistan has been one of the World Bank&#8217;s major assistance recipients since its foundation. It has received USD 40 billion in loans and reliefs over the 75 years of its existence. The current flood is also one of the occasions on which the World Bank and other countries have offered to assist the government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: World Bank Vice President (VP) Martin Raiser on Wednesday (September 08) announced the repurposing of USD 300 million approved in funds for the relief and rehabilitation activities of flood victims in Pakistan, news sources reported. Read: CDWP clears 3 projects for World Bank loans During a meeting with Pakistan&#8217;s Ambassador to the United States of America (USA) Masood Khan, the VP stated that the bank will offer relief funds to Pakistan for infrastructure rebuilding and enhancement in flood-affected areas. On the occasion, the ambassador also informed bank officials about the flood-related losses and the need for more resources for restoration. He stated that the government has estimated USD 10 billion in material damage, millions of hectares of land destroyed, and a looming food crisis due to agricultural land destruction. He also stated that the recent flood destroyed 6,500 kilometres of roadways that need immediate reconstruction. Read: Japan releases USD 7 mn for flood relief activities in Pakistan It is worth noting that Pakistan has been one of the World Bank&#8217;s major assistance recipients since its foundation. It has received USD 40 billion in loans and reliefs over the 75 years of its existence. The current flood is also one&hellip;<\/p>\n","protected":false},"author":84,"featured_media":61439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[53962,53961,53960,53963],"persona":[],"class_list":{"0":"post-88549","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-pakistan-world-bank","9":"tag-world-bank-and-pakistan","10":"tag-world-bank-announces-repurposing-usd-300-mn-for-flood-victims","11":"tag-world-bank-relief-package","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>World Bank announces USD 300 mn for flood victims- Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: World Bank Vice President (VP) Martin Raiser on Wednesday (September 08) announced the repurposing of USD 300 million approved in funds for the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/wb-repurposing-usd-300-mn-flood-victims.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank announces USD 300 mn for flood victims- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: World Bank Vice President (VP) Martin Raiser on Wednesday (September 08) announced the repurposing of USD 300 million approved in funds for the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/wb-repurposing-usd-300-mn-flood-victims.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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