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Reuters
Reuters
Business

World Bank approves $1.69 billion for Pakistan flood relief projects

FILE PHOTO: A man rides a boat past toll plaza amid flood water on main Indus highway, following rains and floods during the monsoon season in Sehwan, Pakistan, September 15, 2022. REUTERS/Akhtar Soomro

The World Bank has approved financing of $1.69 billion for flood relief projects in Pakistan, it said in a statement on Monday.

Pakistan's already stressed economy took a further hit after severe floods earlier this year submerged large swathes of the country, killing nearly 1,700 people, damaging farmlands and infrastructure.

The World Bank financing is aimed at relief projects in the south-eastern Sindh province, which it said was worst-affected by the floods.

FILE PHOTO: International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo

(Reporting by Shivam Patel in New Delhi; Editing by Krishna N. Das)

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