Post Reply 
 
Thread Rating:
  • 1 Votes - 4 Average
  • 1
  • 2
  • 3
  • 4
  • 5
World Bank offers Pakistan $900m loan
08-17-2010, 05:15 PM
Post: #1
World Bank offers Pakistan $900m loan
Quote:The United Nations is forecasting that thousands more people will die from cholera and other diseases even if monsoon rains ease as it warned that many of the 20 million people affected by the disaster have yet to receive any emergency aid.

So far, however, the UN has raised only a third of the $460m (£305m) it says it needs to help the flood victims with officials admitting that the country’s “image deficit” had hampered fund-raising.

In a statement, the World Bank said it would be reallocating unspent cash to buy items essential for rapid reconstruction, such as fuel, steel and cement, as well as releasing fresh funds.

It will also work with the government to ensure disaster funding is not misused.

“We are reprioritising to make the funds immediately available,” said Mariam Altaf, a spokesman for the World Bank.

Some 1,600 people have died and two million made homeless by Pakistan’s worst floods in living memory.

Aid officials say 3.5m children are at risk from deadly disease spread in the sewage-tainted water.

They are also distributing hundreds of antivenom kits after a surge in snake bites as humans and wildlife compete for high ground.

Yet so far donor fatigue, fears of corruption and Pakistan’s poor reputation abroad appear to have deterred governments and individuals from donating cash.

Elizabeth Byrs, spokesman for the UN Office for the Coordination of Humanitarian Affairs, said: “We note often an image deficit with regards to Pakistan among Western public opinion.” Melanie Brooks, Care International spokesman, called on the UN to explain to donors that money was not going into “the hands of the Taliban”.

“The victims are the mothers, the farmers, children,” she said.

http://www.telegraph.co.uk/news/worldnew...-loan.html

The revolution is not an apple that falls when it is ripe. You have to make it fall. - Che Guevara

Resistance Films Youtube Channel

TriWooOx Podcast
Visit this user's website Find all posts by this user
Quote this message in a reply
08-17-2010, 06:17 PM (This post was last modified: 08-17-2010 06:18 PM by h3rm35.)
Post: #2
RE: World Bank offers Pakistan $900m loan
If they take it, the first thing that they'll demand be privatized and sold off to a CIA shell company will be their nukes... I don't know if that makes me feel better or worse about global safety.

[Image: conspiracy_theory.jpg]
Find all posts by this user
Quote this message in a reply
11-09-2010, 06:10 AM
Post: #3
RE: World Bank offers Pakistan $900m loan
900 Million from the World Bank..

That's a fraction relative to the IMF loan. Pakistan has outstanding loans of 5,233,017,010 SDRs ($8,239,725,802 USD) since 1984.

Sources:
http://www.imf.org/external/np/fin/tad/e...n_flag=YES
http://www.xe.com/ict/?basecur=XDR&histo...age=Submit
http://www.imf.org/external/np/fin/tad/e...2010-10-31

Supplemental: The IMF on Corporate Governance and $75,681,430,091 in Interest + Charges since 1984
http://concen.org/forum/showthread.php?tid=35276

There are no others, there is only us.
http://FastTadpole.com/
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
Rainbow End of Bank Foreclosures 4 Clear Title Holders ZeroCenter 5 879 Today 12:41 AM
Last Post: ZeroCenter
  'Dollar valueless, about to crash' - World Bank whistleblower SiLVa 11 474 04-07-2014 10:52 PM
Last Post: CharliePrime
  World Bank Accused Of Destroying Small Farms for Land Grabs mexika 0 34 04-03-2014 06:26 PM
Last Post: mexika
Bug TruthJihad Interviews World Bank Whistleblowing Lawyer CharliePrime 0 219 11-25-2013 08:50 PM
Last Post: CharliePrime
  Bank Run in Canada? stiffy 8 763 04-11-2013 11:16 PM
Last Post: stiffy
  CYPRUS : BANK RUNS HAVE STARTED ! shortwave 22 1,568 04-02-2013 09:17 PM
Last Post: FastTadpole
Information World's Stocks Controlled by Select Few - In Depth SFIT Statistical Analysis Paper FastTadpole 10 3,385 12-03-2012 07:10 AM
Last Post: macfadden
Information Wow That Was Fast! Libyan Rebels Have Already Established A New Central Bank Of Libya Nokturnal 37 7,168 11-24-2012 06:30 AM
Last Post: FastTadpole
  Currency/Warfare:¨A new world order will emerge from the ashes.¨ h3rm35 32 6,441 10-04-2012 09:24 PM
Last Post: h3rm35
  Hackers publish payday loan emails after failing to levy 'idiot tax' h3rm35 0 291 06-23-2012 01:16 AM
Last Post: h3rm35

Forum Jump:


User(s) browsing this thread: 1 Guest(s)