World Bank increases flood aid to Pakistan

“Renewed commitment to governance and fiscal reforms will be important to mobilize domestic revenues and ensure that funds reach the poor people it is intended for. The response of donors to the floods will also depend on the government’s ability to deliver in this area.”

Zoellick, who met today with Pakistan Finance Minister Abdul Hafeez Shaikh, said the “country needs the world’s support to meet urgent humanitarian needs, food, clean water, sanitation facilities, medical and nutritional supplies and vaccines.

“At the same time, Pakistan’s reconstruction and recovery also require long-term support,” he said. 

The money will come from the bank’s fund for the poorest countries, the International Development Association. The loans carry no interest.