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World Bank pledges $2 billion to support Pakistan’s flood recovery efforts

The World Bank (WB) has committed $2 billion to assist the Government of Pakistan in addressing the aftermath of the 2022 floods, which includes $1.55 billion designated for new projects. However, disbursements for housing reconstruction in Balochistan have not yet commenced, as noted by World Bank officials during a media briefing regarding flood recovery initiatives on Tuesday. World Bank Country Director Najy Benhassine stated that the $2 billion pledge was made during the Donors Conf

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