Banks and countries pledge $10bn to rebuild Pakistan after catastrophic floods

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Banks and countries pledge $10bn to rebuild Pakistan after catastrophic floods
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International funders join Pakistan PM and UN secretary general in Geneva to agree recovery plan following ‘monsoon on steroids’

, up to 4 million children are still living near contaminated and stagnant flood waters. The number of children suffering from severe acute malnutrition in flood-affected areas nearly doubled between July and December 2022, compared with the same period in 2021, the charity reported on Monday. It also said that the number of acute respiratory infections among children has soared in flood-stricken areas.

On Monday, Médecins Sans Frontières warned that it was seeing alarming health issues in flood-hit areas, with malaria positivity rates running at 50% in Sindh and eastern Balochistan in December, despite the colder season, when malaria infections would be expected to decline. “We are still in an emergency phase,” said Edward Taylor, MSF’s emergency coordinator in northern Sindh and eastern Balochistan.

People gather to buy government-priced flour in Hyderabad, Sindh province, 9 January, 2023. Last year’s floods caused a food crisis.Speaking at Monday’s conference, Sharif said the world was standing at a “turning point of history”, adding: “It’s not only a question of how to survive … it’s how to maintain our dignity and honour – by moving forward with a sense of purpose and a sense of achievement.

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Pakistan receives $9 billion for flood recoveryPakistan receives $9 billion for flood recoveryDozens of countries and international organisations have pledged more than $9 billion to help aid Pakistan in its recovery to rebuild from the devastating floods of last year. The floods killed over 1,700 people, and eight million people were misplaced. The floods were thought to have covered one-third of the country's land mass during its peak. Pakistan's Deputy Foreign Minister said the final donation amount came in above its target for the international community to pledge half the money needed to ensure recovery. The rest is expected to come from the Pakistani government itself.
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