Pakistan Total Debt: Flood ruined Pakistan, the highest loan taking country among 40 countries, took $ 5.58 billion in 2022 – pakistan become biggest recipient of adm loan in 2022 bank annual report claims due to flood crisis
[ad_1]
Most damage caused by flood
ADB funded $31.8 billion worth of projects in Asia, reports the Express Tribune. ADB and other partners gave $5.5 billion worth of projects to Pakistan while $2 billion and $60 million concessional loans were also given to Pakistan in 2022. According to the report, Pakistan suffered a loss of around $30 billion due to the floods. It killed 1,730 people and affected 33.3 million people.
‘I am an Indian born in Pakistan…’, Tariq Fateh’s desire to become a common Indian citizen remained in his heart
$1.5 billion for flood affected areas
Reports suggest that $1.5 billion was given to Pakistan for flood-affected areas. At the same time, $ 16 billion has been promised for the restoration of flood-affected areas from international trading partners. Presently Pakistan is waiting to sign Staff Level Agreement with IMF. Even after long talks and difficult terms, Pakistan and the IMF do not seem to be reaching any conclusion.
[ad_2]
Source link