Pakistan bureaucrats will ask the International Monetary Fund to easiness the terms of a $10 billion loan, amid cautions that the cost of overwhelming floods will weaken the fight against the Taliban.
The government has previously said it will divert cash from structure roads, schools and clinics — seen as critical to marginalising extremists – to pay for crisis food and medicines.
Harvest, roads and factories have all been shattered and millions of livestock swept away. Officials think rebuilding will cost as much as $15 billion.
Farahnaz Ispahani, consultant to President Asif Ali Zardari, said: “The floods have disrupted the lives of 20 million people and will have overwhelming consequences for the financial system, all of which cannot be fully and immediately calculated.
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The government has previously said it will divert cash from structure roads, schools and clinics — seen as critical to marginalising extremists – to pay for crisis food and medicines.
Harvest, roads and factories have all been shattered and millions of livestock swept away. Officials think rebuilding will cost as much as $15 billion.
Farahnaz Ispahani, consultant to President Asif Ali Zardari, said: “The floods have disrupted the lives of 20 million people and will have overwhelming consequences for the financial system, all of which cannot be fully and immediately calculated.
full story
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