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UN chief calls for 'massive investments' for Pakistan recovery

Monday, January 9, 2023

GENEVA (Reuters) -U.N. Secretary-General Antonio Guterres on Monday called for massive support to help Pakistan with a $16 billion rebuilding effort following devastating floods, saying the country had been the victim of climate chaos and the global financial system.

Officials from some 40 countries as well as private donors and international financial institutions are gathering for a meeting in Geneva as Islamabad seeks support in what is expected to be a major test case for who pays for climate disasters.

September's floods, which are still receding, killed at least 1,700 people and displaced around 8 million.

"We must match the heroic response of the people of Pakistan with our own efforts and massive investments to strengthen their communities for the future," Guterres said in opening remarks.

"Pakistan is doubly victimized by climate chaos and a morally bankrupt global financial system," he added, calling for creative ways for developing countries to access debt relief and financing.

Pakistan's Prime Minister Shehbaz Sharif called for a new "coalition of the willing" to provide the country with a lifeline, saying it needed $8 billion over the next three years.

In a video message, France President Emmanuel Macron pledged $10 million in additional aid support.

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07-06-2023 05:31:26 (UTC+7)

EUR/USD

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EUR/USD

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 EUR/USD1.0695↑ Sell
 GBP/USD1.2424Neutral
 USD/JPY139.60↑ Buy
 AUD/USD0.6671↑ Buy
 USD/CAD1.3400Neutral
 EUR/JPY149.30↑ Sell
 EUR/CHF0.9705↑ Sell
 Gold1,980.15↑ Buy
 Silver23.677↑ Buy
 Copper3.7663↑ Buy
 Crude Oil WTI71.66↑ Buy
 Brent Oil76.12Sell
 Natural Gas2.269↑ Buy
 US Coffee C184.08↑ Buy
 Euro Stoxx 504,295.22Sell
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 FTSE 1007,628.10↑ Sell
 Hang Seng19,099.28↑ Buy
 Small Cap 20001,856.34↑ Buy
 IBEX 359,310.80↑ Buy
 BASF46.760↑ Sell
 Bayer52.28↑ Buy
 Allianz210.50Sell
 Adidas159.68Neutral
 Lufthansa9.141↑ Buy
 Siemens AG158.36Neutral
 Deutsche Bank AG9.784Neutral
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Cập nhật 07-06-2023 05:31:31
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Cập nhật lúc 18:50:59 06/06/2023
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