Nearly three years after the catastrophic 2022 floods, Pakistan has received less than half of the $11 billion pledged by international donors at the Geneva Conference, highlighting slow disbursements and gaps in planning.
According to official documents, Pakistan has so far secured $4.69 billion in financing. Of this, around $2.75 billion was allocated for project financing, while another $1.93 billion was received for commodity imports.
For the current fiscal year, a target of $1.26 billion was set under the Geneva pledges, with estimates showing that more than $760 million will be provided for project financing.
At the Geneva Donors’ Conference, Pakistan had secured commitments worth $10.98 billion to support recovery and reconstruction efforts after the devastating floods, which displaced millions and caused damages exceeding $30 billion.
However, documents reveal that of the $540 million pledged in outright grants for flood damages, the country has so far received only $21 million.
Most of the financing is being provided under bilateral and multilateral agreements, structured as long-term loans with varying interest rates, rather than as direct grants or immediate support.