Geneva moot: $8.57 billion in pledges as nations and donors open their offers

GENEVA – At a meeting in Geneva on Monday, Pakistan’s information minister Marriyum Aurangzeb said that the country has gathered a total of $8.57 billion to far for aiding in flood recovery from last year’s catastrophic floods.

The floods, which were attributed to climate change, severely harmed Pakistan’s already fragile economy while uprooting almost 8 million people and claiming at least 1,700 lives. It is now predicted that rebuilding will cost more than $16 billion.

The meeting is being co-hosted by Prime Minister Shehbaz Sharif and UN Secretary-General Antonio Guterres to generate funds for the restoration and rebuilding of the nation’s flood-damaged regions.

Marriyum said on Twitter that the floods, which were attributed to climate change, severely damaged Pakistan’s already-struggling economy while uprooting almost 8 million people and claiming at least 1,700 lives. Currently, it is projected that rebuilding will cost more than $16 billion.

The first plenary of day-long Geneva conference culminated in generous outpouring of int’l community, EU pledged $93 million, Germany $88 million, China $100 million, IDB $4.2 Billion, WB $2 billion, Japan $77 million, ADB $1.5 billion #ResilientPakistan

— Marriyum Aurangzeb (@Marriyum_A) January 9, 2023