Expressing profound sympathy with the Pakistani government and nation on the unprecedented deadly and devastating flooding in the country which shows no signs of abating, the 269th meeting of the Board of Executive Directors of the Islamic Development Bank in Jeddah, Kingdom of Saudi Arabia, approved today a humanitarian package of USD 11 million to provide immediate financial assistance to the victims of the tragic environmental disaster. In addition to that, an IDB mission will leave for Pakistan immediately to assess the situation on the ground and discuss the relevant details of the package.
The USD 11 million humanitarian package, a combination of relief and rehabilitation operations envisages immediate emergecy relief and contributing to the rehabilitation efforts aimed at restoring normal functioning of community services in different sectors in Pakistan including education, health, agriculture, water and sanitation facilities.
It consists of a USD 1.00 million grant to the government of Pakistan to finance some of the urgent relief activities in the disaster stricken areas as well as the equivalent of USD 10.00 million in concessionary loan / soft-istisnaa’ for the rehabilitation and reconstruction of social services and food security facilities devastated by the floods in disaster areas.
Long term reconstruction requirements, meanwhile, are expected to be included under the normal programming cycle in consultation with the government of Pakistan and in coordination with the donor community.