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The United Nations and Pakistan are set to appeal Tuesday for $160 million in emergency funding for nearly a half million displaced victims of record-breaking floods that have killed more than 1,150 people since mid-June, officials said.
Pakistani authorities backed by the military, rescuers and volunteers have been battling the aftermath of the floods that have affected more than 33 million people, or one in seven Pakistanis.
Although rains stopped three days ago and flood waters in some areas were receding, large areas remain underwater. Rescuers were evacuating stranded people to safer ground, including makeshift tent camps have sprung up along highways, inundated villages and towns.
According to initial government estimates, the devastation caused $10 billion in damage to the economy. “It is a preliminary estimate likely to be far greater,” Planning Minister Ahsan Iqbal told The Associated Press.
His comment came hours before the United Nations and Pakistan were to launch an appeal in Islamabad for help.
A day earlier, the International Monetary Fund’s executive board approved the release of a much-awaited $1.17 billion for Pakistan.
Pakistan and the IMF originally signed a large bailout accord in 2019. But the release of a $1.17 billion tranche had been on hold since earlier this year, when the IMF expressed concern about Pakistan’s compliance with the deal’s terms under the government of former Prime Minister Imran Khan, who was ousted through a no-confidence vote in the parliament in April.
