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During an urgent meeting convened at IDB Group headquarters in Jeddah, Saudi Arabia, members of the Board of Executive Directors approved a mechanism for providing assistance to Pakistan and decided to focus on scaling up the bank's strategic engagement, in response to the unfolding disaster, through the planned Member Country Partnership Strategy (MCPS) .
A technical delegation of Islamic Development Bank Group has arrived in Pakistan to contribute to immediate relief efforts and see into the basic needs of the victims of the recent flooding which still continues to wreck havoc in the country.
In meetings with officials from Pakistani ministry of finance, the National Crisis Management Cell (NCMC) and other relevant ministries and government bodies, the delegation sought possible ways and means for delivering immediate assistance to the affected people whose number reportedly stands at more than 20 million with more than 2 million …
The President Leaves for Pakistan to See for Himself the Devastation Caused by the Earthquake
The Islamic Development Bank has pledged
a sum of US$11.8 million to help the victims of the Earthquake which ravaged
the North of Pakistan and Kashmir.
This has been announced by H.E. Dr. Ahmed Mohammed Ali, IDB President.
He added that the Bank's assistance embraces US$1.6 million as a grant to be dedicated for relief goods such as tents, medicine and food supplies, and US$ 10.2 million to contribute to the rehabilitation of the public utilities which were damaged by the earthquake.