This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Pakistan Secures over $9bn in Pledges from International Lenders for Floods
January 12, 2023
Pakistan has secured over $9bn in pledges from international lenders and governments after a donors conference to help the nation in recovering from the massive floods it faced last year. The Prime Minister said that pledges of $4.2bn from the Islamic Development Bank, $2bn from the World Bank and $1bn from Saudi Arabia were made. With forex reserves dropping to $4.5bn of late, Pakistan was in need of funds especially to address the impact of the floods which was estimated to cost them about $16.3bn.
For the full story, click here
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.