Pakistan used World Bank's flood funding for buying furniture, bulldozing houses: Report
Three years later, less than three per cent of the World Bank's budget, which it gave as loans to the local Sindh government, was spent.
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Three years later, less than three per cent of the World Bank's budget, which it gave as loans to the local Sindh government, was spent.
Only three per cent of the World Bank's USD 100 million funding to help prevent flooding in Karachi was used to flood-proof the city, reported London-based news website The New Arab.
A World Bank climate change adaptation project in Pakistan used less than 3% of its budget despite extreme floods in the country.
On June 9, the World Bank had approved $300m for upgrading rural roads in Khyber Pakhtunkhwa.