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World Bank in multi million euro loan to Pakistan

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World Bank in multi million euro loan to Pakistan


Across Pakistan people are being treated in makeshift medical centres as the country reels from the devastating floods, still waiting for vital life saving aid.

Now the World Bank has responded by announcing it will make available immediately a loan of almost 700 million euros.
Those funds for the relief operation come 48 hours after the UN Secretary General’s appeal and will be raised as the bank re-directs monies and changes its funding priorities.

International agencies have continued to stress the risk of disease.
Swimming in the waters which have already claimed the lives of an estimated 1600 people is one of the latest threats. The UN fear up to three and a half million children are at risk from disease infected waters.
“People are swimming in floodwater, water that’s picked up all the dirt and germs that were in the ground and in places where sanitation standards were lacking, people are bathing in contaminated water. Obviously that carries a health risk for the people,” explained Thomas Batardy from Medecins Sans Frontieres
The World Bank’s loan is a boost. Questions still remain over the long term stability of Pakistan, one of the poorest countries in Asia, with a government under fire for its slow response to the tragedy.

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