Pakistan and the UN to hold a major summit in Geneva aimed at marshalling funding after last year's devastating floods, in a test case for who pays for climate disasters in developing and less-developed countries
A post-disaster assessment in Pakistan estimated the total damage and losses in Pakistan at more than $30 billion, with $16.3 billion more required for recovery and reconstruction.
The conference, set to take place on Monday, January 9, aims to bring together governments, leaders from the public and private sectors, and civil society to support the people and the government of Pakistan after the devastating floods of 2022. A post-disaster assessment conducted by the government and development partners, including the UN and the Asian Development Bank, estimated the total damage and losses in Pakistan at more than $30 billion, with $16.3 billion more required for recovery and reconstruction. However, it is far from clear where the reconstruction money will come from.
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