GENEVA: The Islamic Development Bank (IDB) has pledged $4.2 billion over the next three years to Pakistan as aid for its climate rebuilding effort, the bank’s president said on Monday. The announcement was made in a time when Pakistan is facing financial issues to tackle the flood affected areas along with thousand of homeless people in most parts of the country.
The announcement was made by President Islamic Development Bank Muhammad Al Jasser in Geneva on Monday who said that he was pleased to announce that the IDB group, as part of contribution to the achievement of Pakistan’s climate resilience and development objectives, pledges with a financing amount of $4.2 billion for the next three years,”
Geneva Conference
Earlier addressing the conference UN Secretary General Antonio Guterres called for more investment to help Pakistan recover from the 2022 devastating floods. Pakistan is hoping an encouraging investment and support from the participating countries in the conference.
