World Bank to provide $900m.
ISLAMABAD, Aug. 13 -- The World Bank has agreed to assist Pakistan with an amount of US$900 million for relief and reconstruction work in the floods-hit areas.
This was agreed in a meeting held here on Thursday between Finance Minister Dr. Abdul Hafeez Shaikh and World Bank's country director, Rachid Benmesssaound.
In the meeting the scope of the Banks' support for the relief and reconstruction work with regard to the recent floods was also discussed.
The finance minister impressed upon the country director, World Bank to immediately initiate damage needs assessment in the flood ravaged areas, upon which the country director assured that the process will start from next week.
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