ADB, WB assesses Pak flood damage at $9.7 bn

The floods, that swept across Pakistan since July, has caused an estimated USD 9.7 billion damage to infrastructure.

Last Updated: Oct 15, 2010, 10:59 AM IST

Washington: The floods, that swept across
Pakistan since July, has caused an estimated USD 9.7 billion
damage to infrastructure, farms, homes, as well as other
direct and indirect losses, the Asian Development Bank (ADB)
and the World Bank (WB) have said.

The estimate was presented in the Damage and Needs
Assessment (DNA), a survey conducted nationwide by ADB and the
World Bank to assess the extent of the flood damage.

The survey was submitted to Pakistan Government and
today was made public at Friends of Democratic Pakistan (FoDP)
meeting in Brussels.

"USD 9.7 billion is almost double the amount of damage
caused by the 2005 Pakistan earthquake," said Rune Stroem, ADB
Country Director for Pakistan.

Rachid Benmessaoud, World Bank Country Director for
Pakistan said that now the DNA has been completed "our job as
friends of Pakistan is to help the country respond to this
enormous reconstruction challenge."

In carrying out the assessment, ADB and World Bank
teams examined the extent of the damage in 15 key sectors
across Pakistan, also the direct damage, indirect losses and
reconstruction costs.

The DNA found that the agriculture and livestock
sectors have been the worst hit, followed by complete or
partial damage to a large number of houses.

PTI