Pakistan seeks help with $16 billion flood rebuilding at UN conference

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Pakistan seeks help with $16 billion flood rebuilding at UN conference
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Record monsoon rains and melting glaciers last September displaced some 8 million people and killed at least 1,700 in a catastrophe blamed on climate change. | Reuters

Guterres, who visited Pakistan in September, has previously described the destruction in the country as “climate carnage”.

Additional funding is crucial to Pakistan amid growing concerns about its ability to pay for imports such as energy and food and to meet sovereign debt obligations abroad. At the COP27 meeting in Egypt in November, Pakistan was at the forefront of efforts that led to the establishment of a “loss and damage” fund to cover climate-related destruction for countries that have contributed less to global warming than wealthy ones.

Organisers say around 250 people are expected at the event including high-level government officials, private donors and international financial institutions.Pakistan’s ambassador to the UN in Geneva, Khalil Hashmi, said Islamabad was willing to pay for about half of the bill but hoped for support from donors for the rest. “We will be mobilizing international support through various means,” he said. “We look forward to working with our partners.

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