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 aas Islamabad seeks support in what is expected to be a major test case for who pays for climate disasters.
"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, calling the floods "a climate disaster of monumental scale". Additional funding is crucial to Pakistan amid growing concerns about its ability to pay for imports such as energy and food and to meet sovereign debt obligations abroad.
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