Pakistan expected to get $3.4bn from Geneva pledges for infrastructure development

On Saturday, out of the $10.9 billion in pledges made by the international community for Pakistani flood victims in Geneva, Pakistan is anticipated to get about $3.4 billion as net money to carry out the infrastructure projects.

Out of the $10.9 billion in commitments made at Geneva, a sizable portion of cash was committed in the form of financing for commodities, an oil facility, and re-purposing of funds, leaving the remaining net funding only for the implementation of development projects for flood-affected areas.

According to a detailed study of the $10.9 billion in promises, the Islamic Development Bank (IsDB) committed $4.2 billion through the ITFC for financing of commodities and oil over a three-year period. There was $6.7 billion left on the obligation.