Donors pledge more than $8 bln to help Pakistan flood recovery - official

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Donors pledge more than $8 bln to help Pakistan flood recovery - official
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Pakistan said on Monday that donors had committed to give more than $8 billion to help it recover from last year's devastating floods in what is seen as a major test for who pays for climate disasters.

Earlier, United Nations Secretary General Antonio Guterres called for massive investments to help Pakistan recover from what he called a "climate disaster of monumental scale".

Prime Minister Shehbaz Sharif said the country was committed to the IMF programme but that he was asking the IMF for "breathing space" to meet its commitments, without elaborating. "I am asking for a new lifeline for people who need to power our economy and re-enter the 21st century with a future that is protected from such extreme risks to human security," he said.

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