Pakistan said Wednesday that the World Bank estimates this summer's record-breaking floods have caused $40 billion in damages in this impoverished South Asian nation.
FILE - Homes are surrounded by floodwaters in Sohbat Pur city, a district of Pakistan's southwestern Baluchistan province, Aug. 29, 2022.
ISLAMABAD — Pakistan said Wednesday that the World Bank estimates this summer’s record-breaking floods have caused $40 billion in damages in this impoverished South Asian nation. The figure is $10 billion more than an earlier estimate by the Pakistani government. Cash-strapped Pakistan was already facing a serious financial crisis before the heavy monsoon rains hit in mid-June. The rains triggered unprecedented floods that at one point left a third of the country’s territory submerged, forcing hundreds of thousands of people to move to safer places.
The new assessment came during a meeting in the capital, Islamabad, between Prime Minister Shahbaz Sharif and experts on climate change. There was no immediate word from the World Bank on the new estimate. The flooding, which experts say is made worse by climate change, has killed 1,719 people and affected 33 million since mid-June. The waters have damaged or washed away 2 million homes.Sharif’s government last month offered an estimate of $30 billion from the floods but cautioned that the real figure may be far higher. A final report on the damages is yet to be finalized with the help of international aid agencies and lending institutions, including the World Bank.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Nord Stream pipeline leaks caused by 'powerful explosions,' Danish police sayA preliminary investigation of damages to the two Nord Stream gas pipelines in the Danish part of the Baltic Sea shows that the leaks were caused by 'powerful explosions,' Copenhagen police said.
Consulte Mais informação »
MP Margaret Ferrier faces UK Parliament watchdog probeA standards watchdog will determine if her actions caused 'significant' reputational damage.
Consulte Mais informação »
Danish officials say damage to Baltic Sea pipelines caused by 'powerful explosions'The Copenhagen Police said it had carried out a number of preliminary investigations of what it called 'the crime scenes,' with assistance from Denmark's Armed Forces, and in collaboration with the Danish security and intelligence agency.
Consulte Mais informação »
Pakistan seeks billions of dollars in new loans after floods -FTPakistan will ask international lenders for billions of dollars in loans after devastating floods exacerbated the South Asian nation's economic crisis, the Financial Times reported on Wednesday.
Consulte Mais informação »
Explainer: Australia floods: why the country is battling weather againAn intense weather system brought more than a month's worth of rain to the southeast of Australia this week. It comes after flooding in March and April on the east coast resulted in $3.3 billion worth of damage. So why is there so much rain?
Consulte Mais informação »