Wednesday, September 15, 2010

Geo436.com blog: IMF approves $451m loan for flood-hit Pakistan

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Geo436 WASHINGTON: The International Monetary Fund (IMF) on Wednesday announced it would give Pakistan a 451-million-dollar loan to help the country recover from devastating floods. “The board’s approval enables the immediate disbursement of the full amount of this emergency assistance,” the Washington-based body said in a statement. Monsoon floods, which began six weeks ago, have left 10 million people without shelter across the country, according to UN figures, with 21 million people affected and eight million surviving on aid handouts


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