Pakistan is hosting an international conference in Geneva with the help of the United Nations to generate international support for a $16 billion rebuilding effort in the country following last year's devastating floods.

WION Dispatch: Pakistan seeks global community's aid for rehabilitation of flood victims

The United States on January 6 announced $3 billion in military assistance for Ukraine amid the ongoing war with Vladimir Putin-led Russia. The White House said that the package will feature Bradley armoured vehicles.

U.S. announces $3 billion in aid package for Ukraine amid war

U.S. holds back $33 Million aid to Pakistan. U.S. said that Pakistan must free Dr Shakeel Afridi first. Watch further to know more.

WION Dispatch: U.S. holds back $33 Million aid to Pakistan

US budget passed by congress states that $33 million aid will be given to Pakistan until Dr. Shakeel Afridi is freed. Afridi helped US find Osama Bin Laden.

US to Pakistan: Release Dr Shakeel Afridi or we withhold aid

The Pentagon officials are in the final stages of finalising a plan to send a Patriot air defense missile system to Ukraine to counter Russian aerial assaults.

WION Dispatch: U.S. set to give Ukraine its most advanced 'Patriot' missile defence system

The European Commission announced that they are planning a $18 billion economic support package for Ukraine as the conflict with Russia intensifies. If the proposal is accepted by the European Union members, the package will be crucial in stabilising the Ukrainian economy through 2023. According to AFP, the money will be given to Ukraine in monthly payments of $1.5 billion and it will essentially be a 35-year loan which will include interest rates decided by the EU authorities.

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"We are presenting this new financial package for Ukraine at a time of acute needs for the country, as Russia's relentless attacks continue to batter key infrastructure," said commission Vice President Valdis Dombrovskis. &nbsp;"Our financial assistance must be stable, structured and predictable."

Till now, the EU has already sent over $4.2 billion to Ukraine in form of aid and according to the previous proposals, they will be paying another $2.5 billion by the end of 2022. However, the new proposal may cause a few debates among members worried about the global economic crisis.

WATCH |&nbsp;How the US Midterms could impact Russia-Ukraine war?&nbsp;

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In the past few months, several EU member states have shown reluctance to increasing their funding to Ukraine and another loan may cause more rifts. However, the European Commission pledged their support towards the Ukrainian effort and will also be supported by the United States.

"We will ensure Ukraine emerges from this war as a prosperous country, on the path to European integration. We will stand by Ukraine for as long as it takes," European Commission president Ursula von der Leyen said.

(With inputs from agencies)

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The European Commission announced that they are planning a $18 billion economic support package for Ukraine as the conflict with Russia intensifies. If the proposal is accepted by the European Union members, the package will be crucial in stabilising the Ukrainian economy through 2023.

The European Commission announced that they are planning a $18 billion economic support package for Ukraine as the conflict with Russia intensifies. If the proposal is accepted by the European Union members, the package will be crucial in stabilising the Ukrainian economy through 2023. According to AFP, the money will be given to Ukraine in monthly payments of $1.5 billion and it will essentially be a 35-year loan which will include interest rates decided by the EU authorities. Also read | US midterms LIVE | No Republican 'red wave', Democrats do better than expected "We are presenting this new financial package for Ukraine at a time of acute needs for the country, as Russia's relentless attacks continue to batter key infrastructure," said commission Vice President Valdis Dombrovskis. "Our financial assistance must be stable, structured and predictable." Till now, the EU has already sent over $4.2 billion to Ukraine in form of aid and according to the previous proposals, they will be paying another $2.5 billion by the end of 2022. However, the new proposal may cause a few debates among members worried about the global economic crisis. WATCH | How the US Midterms could impact Russia-Ukraine war? In the past few months, several EU member states have shown reluctance to increasing their funding to Ukraine and another loan may cause more rifts. However, the European Commission pledged their support towards the Ukrainian effort and will also be supported by the United States. "We will ensure Ukraine emerges from this war as a prosperous country, on the path to European integration. We will stand by Ukraine for as long as it takes," European Commission president Ursula von der Leyen said. (With inputs from agencies)

European Commission proposes $18 billion aid package for Ukraine

The United States will fund the refurbishment of T-72 tanks and HAWK surface-to-air missiles as part of a roughly $400 million security assistance package for Ukraine, the Pentagon announced Friday.

Air defence and armour capabilities are both high on the list of assistance desired by Ukraine, but the T-72s fall short of the most modern tanks such as German Leopards or US Abrams that have been sought by Kyiv.

"The tanks are coming from the Czech Republic defence industry, and the United States is paying for 45 of those to be refurbished, and the government of the Netherlands is matching our commitment&nbsp;for a total of 90 T-72s," Deputy Pentagon Press Secretary Sabrina Singh told journalists.

The T-72s -- a Soviet-era tank -- will be equipped with "advanced optics, communications and armor packages," with some ready by the end of December and the rest to be delivered in 2023, she said.

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Asked why more modern tanks were not being provided, Singh cited factors including ease of use and cost.

"These are tanks that the Ukrainians know how to use on the battlefield," she said, adding that "introducing a new main battle tank is extremely costly, is time sensitive, and it would be a huge undertaking for the Ukrainian forces."

The assistance package also funds the refurbishment of HAWK missiles from US inventories -- an important asset as Ukraine seeks to counter Russian drone and missile strikes targeting its cities and energy infrastructure.

Singh declined to specify how many of the missiles were being refurbished, citing security concerns.&nbsp;

Spain previously agreed to provide four of the medium-range HAWK air defence systems to Ukraine as part of international efforts to assemble a patchwork of various surface-to-air capabilities to help the country defend against strikes.

Also WATCH |&nbsp;Gravitas: Joe Biden says Iran will be free

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The assistance package also includes 1,100 Phoenix Ghost drones, 40 armoured boats&nbsp;and funding for the refurbishment of 250 M1117 armoured vehicles, among other items.

It falls under the Ukraine Security Assistance Initiative, which funds procurement of equipment from the defence industry, rather than taking items directly from existing military stocks.

The latest assistance brings Washington's total commitment of security aid to Ukraine to more than $18.2 billion since Russia invaded in late February.

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The United States will fund the refurbishment of T-72 tanks and HAWK surface-to-air missiles as part of a roughly $400 million security assistance package for Ukraine, the Pentagon announced Friday.

The United States will fund the refurbishment of T-72 tanks and HAWK surface-to-air missiles as part of a roughly $400 million security assistance package for Ukraine, the Pentagon announced Friday. Air defence and armour capabilities are both high on the list of assistance desired by Ukraine, but the T-72s fall short of the most modern tanks such as German Leopards or US Abrams that have been sought by Kyiv. "The tanks are coming from the Czech Republic defence industry, and the United States is paying for 45 of those to be refurbished, and the government of the Netherlands is matching our commitment for a total of 90 T-72s," Deputy Pentagon Press Secretary Sabrina Singh told journalists. The T-72s -- a Soviet-era tank -- will be equipped with "advanced optics, communications and armor packages," with some ready by the end of December and the rest to be delivered in 2023, she said. Also read | ‘Blood bath’ begins at Twitter as several employees across verticals laid off in India Asked why more modern tanks were not being provided, Singh cited factors including ease of use and cost. "These are tanks that the Ukrainians know how to use on the battlefield," she said, adding that "introducing a new main battle tank is extremely costly, is time sensitive, and it would be a huge undertaking for the Ukrainian forces." The assistance package also funds the refurbishment of HAWK missiles from US inventories -- an important asset as Ukraine seeks to counter Russian drone and missile strikes targeting its cities and energy infrastructure. Singh declined to specify how many of the missiles were being refurbished, citing security concerns. Spain previously agreed to provide four of the medium-range HAWK air defence systems to Ukraine as part of international efforts to assemble a patchwork of various surface-to-air capabilities to help the country defend against strikes. Also WATCH | Gravitas: Joe Biden says Iran will be free The assistance package also includes 1,100 Phoenix Ghost drones, 40 armoured boats and funding for the refurbishment of 250 M1117 armoured vehicles, among other items. It falls under the Ukraine Security Assistance Initiative, which funds procurement of equipment from the defence industry, rather than taking items directly from existing military stocks. The latest assistance brings Washington's total commitment of security aid to Ukraine to more than $18.2 billion since Russia invaded in late February. WATCH WION LIVE HERE:

US to fund refurbishment of tanks, surface-to-air missiles for Ukraine

The US is reportedly facing a munition crisis as the Russia-Ukraine conflict seems to be becoming America’s next forever war after Afghanistan. While Ukraine’s demand for military aid from U.S. continues, America’s supplies are depleting faster than they can be renewed. Why is U.S. unable to meet the demand? Is U.S. holding back resources for a possible clash with Russia, or China in future? Has North Korea’s recent military drills made U.S. reassess its own safety? Shivan Chanana explains.

U.S. munitions crisis | Is U.S. unable to provide military aid to Ukraine?

India has become Sri Lanka's biggest lender in 2022, providing the island nation with loans of USD 377 million as it battled an unprecedented political crisis and economic unrest, as per&nbsp;the Verite Research think tank.&nbsp;

India is followed by the Asian Development Bank (ADB) with loans totalling USD 360 million. They make up about 76 per cent&nbsp;of all disbursements&nbsp;from January to April 2022.&nbsp;

According to Verite Research, a Colombo-based independent interdisciplinary think tank that offers strategic analysis and advice for governments and the private sector in Asia, India has emerged as Sri Lanka's largest bilateral lender with a contribution of USD 377 million out of a total disbursement of loans amounting to USD 968 million in the first four months of this year.

China has been Sri Lanka's largest bilateral lender between 2017 and 2021. China contributed USD 947 million in 2021, of which USD 809 million came from loans taken out with the China Development Bank. The major multilateral lender during that time was the ADB.&nbsp;

India's credit lines allowed Sri Lanka to buy petrol and necessities at the start of this year when it was experiencing its greatest economic crisis.&nbsp;

According to the Indian High Commission in this city, India has provided roughly USD 4 billion in overall credit support to Sri Lanka this year, including currency swaps.

Also Read:&nbsp;<a href="https://www.wionews.com/world/kyiv-astronomical-observatory-claims-ufos-hovering-over-ukrainian-skies-516449">Kyiv astronomical observatory claims UFOs hovering over Ukrainian skies</a>

Gotabaya Rajapaksa was removed from office in mid-July as a result of the public demonstrations that have been taking place since the end of March in response to the economic hardships and shortages of basic necessities.&nbsp;

When India's 700 million USD dedicated credit line for fuel imports ran out in late June, there were long lines for petrol at Indian Oil Company retail stations. At the time, the state fuel company solely provided fuel to emergency services.&nbsp;

Recently, Sri Lanka and the IMF reached an agreement for a USD 2.9 billion loan facility, which is contingent upon a debt restructuring agreement between Sri Lanka and its creditors.&nbsp;

Due to the currency crisis, Sri Lanka declared its default on its international debt in mid-April. The nation has a foreign debt of USD 51 billion, of which USD 28 billion must be paid by 2027.

(with inputs from, agencies)

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India has become Sri Lanka's biggest lender in 2022, providing the island nation with loans of USD 377 million as it battled an unprecedented political crisis and economic unrest, as per the Verite Research think tank.

India has become Sri Lanka's biggest lender in 2022, providing the island nation with loans of USD 377 million as it battled an unprecedented political crisis and economic unrest, as per the Verite Research think tank. India is followed by the Asian Development Bank (ADB) with loans totalling USD 360 million. They make up about 76 per cent of all disbursements from January to April 2022. According to Verite Research, a Colombo-based independent interdisciplinary think tank that offers strategic analysis and advice for governments and the private sector in Asia, India has emerged as Sri Lanka's largest bilateral lender with a contribution of USD 377 million out of a total disbursement of loans amounting to USD 968 million in the first four months of this year. China has been Sri Lanka's largest bilateral lender between 2017 and 2021. China contributed USD 947 million in 2021, of which USD 809 million came from loans taken out with the China Development Bank. The major multilateral lender during that time was the ADB. India's credit lines allowed Sri Lanka to buy petrol and necessities at the start of this year when it was experiencing its greatest economic crisis. According to the Indian High Commission in this city, India has provided roughly USD 4 billion in overall credit support to Sri Lanka this year, including currency swaps. Also Read: Kyiv astronomical observatory claims UFOs hovering over Ukrainian skies Gotabaya Rajapaksa was removed from office in mid-July as a result of the public demonstrations that have been taking place since the end of March in response to the economic hardships and shortages of basic necessities. When India's 700 million USD dedicated credit line for fuel imports ran out in late June, there were long lines for petrol at Indian Oil Company retail stations. At the time, the state fuel company solely provided fuel to emergency services. Recently, Sri Lanka and the IMF reached an agreement for a USD 2.9 billion loan facility, which is contingent upon a debt restructuring agreement between Sri Lanka and its creditors. Due to the currency crisis, Sri Lanka declared its default on its international debt in mid-April. The nation has a foreign debt of USD 51 billion, of which USD 28 billion must be paid by 2027. (with inputs from, agencies)

With USD 377 million in loans, India is Sri Lanka's top lender in 2022: Report

The World Bank is prepared to contribute up to $30 billion to help address the worldwide food shortages that have been made worse by Russia's invasion of Ukraine and has already distributed nearly $10 billion in financial relief,&nbsp;as per&nbsp;a senior bank official on Thursday.

The bank's managing director of operations, Axel van Trotsenburg, stated in an interview with Reuters while visiting the Bosnian city of Sarajevo that there is "an absolute need for international solidarity with Ukraine." He added that solidarity needs to be maintained throughout the long run as well as the short term.

Van Trotsenburg stated that the World Bank started assisting Ukraine shortly after the Russian invasion on February 24 and has so far distributed nearly $10 billion of the $13 billion in help it had committed to Kyiv.&nbsp;

He said that the bank has developed a platform to permit co-funding and parallel financing, as well as to combine its direct backing with additional support from nations like the United Governments, Britain, and Japan, as well as independent guarantees from European states. Additionally, a donor trust fund had been established.&nbsp;

While several nations have contributed through the trust fund, according to him, the United States has contributed the most money, on average at least $1.5 billion out of the almost $5 billion in external finance required every month.

"We set up (a) system through which we could help the continuation of the state functions of Ukraine - paying teacher salaries, pensions, helping the health system. That has worked very well and some of our partner countries wanted to use that mechanism because we can then also trace money," van Trotsenburg said, as reported by Reuters.

Also Read:&nbsp;<a href="https://www.wionews.com/world/data-lab-fed-up-with-mundane-beer-options-a-brewing-revolution-is-underway-in-the-us-516212">Data Lab| Fed up with mundane beer options? A brewing revolution is underway in the US</a>

He said that the bank was also helping Ukrainians affected by the conflict at home and abroad, as well as nearby nations and developing nations outside of Europe who were experiencing difficulties with Ukrainian grain exports as a result of the conflict.&nbsp;

This is one of the factors for the World Bank's announcement that it is prepared to offer funding of up to $30 billion to address food insecurity over the course of the upcoming 12 months.&nbsp;

According to a report issued on Friday by the World Bank, European Commission, and the Ukrainian government, the invasion by Russia had so far directly cost the nation over $97 billion, but reconstruction could end up costing as much as $350 billion.

(with inputs from agencies) 
&nbsp;

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The World Bank is prepared to contribute up to $30 billion to help address the worldwide food shortages that have been made worse by Russia's invasion of Ukraine and has already distributed nearly $10 billion in financial relief, as per a senior bank official on Thursday.

The World Bank is prepared to contribute up to $30 billion to help address the worldwide food shortages that have been made worse by Russia's invasion of Ukraine and has already distributed nearly $10 billion in financial relief, as per a senior bank official on Thursday. The bank's managing director of operations, Axel van Trotsenburg, stated in an interview with Reuters while visiting the Bosnian city of Sarajevo that there is "an absolute need for international solidarity with Ukraine." He added that solidarity needs to be maintained throughout the long run as well as the short term. Van Trotsenburg stated that the World Bank started assisting Ukraine shortly after the Russian invasion on February 24 and has so far distributed nearly $10 billion of the $13 billion in help it had committed to Kyiv. He said that the bank has developed a platform to permit co-funding and parallel financing, as well as to combine its direct backing with additional support from nations like the United Governments, Britain, and Japan, as well as independent guarantees from European states. Additionally, a donor trust fund had been established. While several nations have contributed through the trust fund, according to him, the United States has contributed the most money, on average at least $1.5 billion out of the almost $5 billion in external finance required every month. "We set up (a) system through which we could help the continuation of the state functions of Ukraine - paying teacher salaries, pensions, helping the health system. That has worked very well and some of our partner countries wanted to use that mechanism because we can then also trace money," van Trotsenburg said, as reported by Reuters. Also Read: Data Lab| Fed up with mundane beer options? A brewing revolution is underway in the US He said that the bank was also helping Ukrainians affected by the conflict at home and abroad, as well as nearby nations and developing nations outside of Europe who were experiencing difficulties with Ukrainian grain exports as a result of the conflict. This is one of the factors for the World Bank's announcement that it is prepared to offer funding of up to $30 billion to address food insecurity over the course of the upcoming 12 months. According to a report issued on Friday by the World Bank, European Commission, and the Ukrainian government, the invasion by Russia had so far directly cost the nation over $97 billion, but reconstruction could end up costing as much as $350 billion. (with inputs from agencies)

World Bank provides $30 billion to combat global food shortages aggravated by Russia-Ukraine war

As tensions with China continue to rise, the US announced $1.1 billion arms package for Taiwan. The funds will enable Taiwan to buy upgraded missiles and will boost its defence system.

Arms package by US aimed to boost Taiwan's defences

The Ukraine conflict has had a significant impact on many nations, but a recent report claims that the United States has been particularly affected given its high military spending.

Has US military aid to Ukraine left its ammunition stockpiles uncomfortably low?

At the 8th Tokyo International conference on African development in Tunisia, Prime Minister Fumio Kishida pledged $30 billion in aid for development in Africa on Saturday.

Japan to give $130 mn food assistance to Africa; Morocco boycotts the conference in Tunisia

In a major development, United States agency for International developments has announced three aid packages with $150 million. US has announced aid but refused to release frozen Afghan funds.

US announces $150 Mn aid for Afghanistan

In an effort to increase livestock productivity, Rwanda is using drones to deliver aid to farmers. Road transportation is proving to be challenging.

Rwanda uses drones to deliver aid to farmers as road transportation proves challenging

More than 18,000 houses were destroyed by the deadly earthquake in Afghanistan's east. As the rescue operation winds up, the focus is shifting to rebuilding. Can the global community pull together and help Afghanistan recover? Mariam Wardak tells you.

South Asia Diary | Afghanistan rebuilds after deadly earthquake

The transfer of $1.3 billion in economic aid to Ukraine as part of the initial $7.5 billion promised to Kyiv by the Biden administration in May has been done, the US Treasury Department announced on Wednesday, as reported by AFP. 
&nbsp; 
"With this delivery of economic assistance, we reaffirm our resolute commitment to the people of Ukraine as they defend themselves against Putin's war of aggression and work to sustain their economy," Treasury Secretary Janet Yellen said in a statement.&nbsp; 
&nbsp; 
The payment, part of the $7.5 billion aid package signed by President Joe Biden in May, is set to be made through the World Bank. 
&nbsp; 
According to World Bank estimates, the war, which began with Russia's invasion of its former Soviet neighbour in February, could cause the Ukrainian economy to contract by up to 45 per cent in 2022. 
&nbsp; 
The country is currently running a budget deficit that is growing by $5 billion every month, exacerbated by its inability to raise funds or access financing on external markets.&nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/world/syria-first-country-other-than-russia-to-recognise-ukraine-separatist-republics-of-donetsk-and-lugansk-493080">Syria first country other than Russia to recognise Ukraine separatist republics of Donetsk and Lugansk</a> 
&nbsp; 
Allies have rushed to pump Ukraine with aid, with the G7 and the European Union also announcing commitments of $29.6 billion in further money for Kyiv, with $8.5 billion of that coming from the United States, according to the Treasury Department.&nbsp; 
&nbsp; 
Washington already disbursed two payments of $500 million of that through the World Bank in April and May to help cover Ukraine's immediate costs as it dealt with "Russia's unprovoked and unjustified invasion," the Treasury said.&nbsp; 
&nbsp; 
Washington has already supplied Kyiv with more than $6 billion in military equipment since Russia's invasion.&nbsp; 
&nbsp; 
(with inputs from agencies) 
&nbsp;

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The transfer of $1.3 billion in economic aid to Ukraine as part of the initial $7.5 billion promised to Kyiv by the Biden administration in May has been done, the US Treasury Department announced on Wednesday, as reported by AFP.

The transfer of $1.3 billion in economic aid to Ukraine as part of the initial $7.5 billion promised to Kyiv by the Biden administration in May has been done, the US Treasury Department announced on Wednesday, as reported by AFP. "With this delivery of economic assistance, we reaffirm our resolute commitment to the people of Ukraine as they defend themselves against Putin's war of aggression and work to sustain their economy," Treasury Secretary Janet Yellen said in a statement. The payment, part of the $7.5 billion aid package signed by President Joe Biden in May, is set to be made through the World Bank. According to World Bank estimates, the war, which began with Russia's invasion of its former Soviet neighbour in February, could cause the Ukrainian economy to contract by up to 45 per cent in 2022. The country is currently running a budget deficit that is growing by $5 billion every month, exacerbated by its inability to raise funds or access financing on external markets. Also Read: Syria first country other than Russia to recognise Ukraine separatist republics of Donetsk and Lugansk Allies have rushed to pump Ukraine with aid, with the G7 and the European Union also announcing commitments of $29.6 billion in further money for Kyiv, with $8.5 billion of that coming from the United States, according to the Treasury Department. Washington already disbursed two payments of $500 million of that through the World Bank in April and May to help cover Ukraine's immediate costs as it dealt with "Russia's unprovoked and unjustified invasion," the Treasury said. Washington has already supplied Kyiv with more than $6 billion in military equipment since Russia's invasion. (with inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

United States disburses $1.3 bn of total $7.5 bn promised aid to Ukraine

A high-level US delegation from the Treasury and State Department is on a 3-day visit to Sri Lanka to explore the ways to support the crisis hit nation. The United States has announced financial aid to Colombo.

US delegates in Sri Lanka: US commits over $158 million aid to Sri Lanka

A deadly earthquake in eastern Afghanistan has claimed more than 1,000 lives. This was the 50th tremor recorded in the region in the last 5 years. What makes Afghanistan a seismic hotspot? Is there any way to limit the damage from these quakes? Mariam Wardak tells you.

South Asia Diary | Why is Afghanistan prone to earthquakes?

Quake-hit Afghanistan is struggling to recover as it calls for more international aid. Now, five people were killed in the latest tremors in the region.

Aftershocks of Quake-hit Afghanistan: 5 killed in latest tremors in the region

A deadly earthquake in Afghanistan has killed over a thousand people in the country, injuring several others, homes have been crushed hospitals are overwhelmed and rescuers are struggling to reach the remaining survivors. Now, India's aid consignment reaches Kabul.

Deadly earthquake rocks Afghanistan: India's aid consignment reaches Kabul

In a virtual meeting on Wednesday, the International Monetary Fund (IMF) pressed hard on Pakistan whereby the Pakistani side shared the features of the coming budget 2022-23. The IMF placed major prior actions, including taxation measures, to fetch Rs 7.255 trillion in the next fiscal year for the revival of the stalled USD 6 billion programmes.

The Pakistani government has proposed an outlay of Rs 9,500 billion federal budget. Earlier, at the time of completion of the 6th review under the Imran Khan-led PTI regime, the reform of Personal Income Tax (PIT), was the structural benchmark of the IMF program.

It was agreed that the PIT reforms would be introduced on the occasion of the FY 2023 budget. Now if the Pakistani government deviates from implementing these reforms then it would have to come up with an alternate plan to fetch revenues up to the desired mark in the coming budget.

However, the government showed reluctance to move ahead as desired by the IMF on the occasion of the completion of the sixth review in February 2022 under the PTI-led regime.

The IMF side also expressed concern over the outstanding repayments to Chinese Independent Power Producers (IPPs) under the China-Pakistan Economic Corridor (CPEC), as Prime Minister Shehbaz Sharif approved the release of Rs 50 billion out of total outstanding dues of Rs 300 billion. Now, the fund is asking about the repayment schedule on this account.

The IMF has also asked about alternate plans to meet the Federal Board of Revenue’s (FBR) envisaged target of Rs7.255 trillion in the coming budget. The IMF has estimated that the FBR's collection would be standing at Rs6,000 billion for the outgoing fiscal year and the FBR would have to collect R$1,255 billion to meet the desired target in the next fiscal year.

With nominal growth of 16.5 per cent, the FBR's collection would touch R$6,700 billion so the IMF is inquiring about the plan for collecting the remaining Rs550 billion for touching the revenue collection of Rs7,255 billion for the next financial year.

Pakistan and the IMF discussed the proposed increase in electricity tariff, subsidies on POL prices, and expected budget deficit for the coming financial year 2022-23. The government has envisaged Rs578 billion for subsidy on electricity as Rs 500 billion subsidies proposed for FY2023.

Pakistan and the IMF remained engaged on one of the toughest rounds of parleys for finalising budgetary figures for the upcoming budget amid the lingering severe macroeconomic and fiscal crisis being faced by the country. This crisis-like situation was aggravated owing to skyrocketing crude oil and commodities prices in the international market. 
&nbsp;

[with inputs from agencies] 
&nbsp;

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In a virtual meeting on Wednesday, the International Monetary Fund (IMF) pressed hard on Pakistan whereby the Pakistani side shared the features of the coming budget 2022-23.

In a virtual meeting on Wednesday, the International Monetary Fund (IMF) pressed hard on Pakistan whereby the Pakistani side shared the features of the coming budget 2022-23. The IMF placed major prior actions, including taxation measures, to fetch Rs 7.255 trillion in the next fiscal year for the revival of the stalled USD 6 billion programmes. The Pakistani government has proposed an outlay of Rs 9,500 billion federal budget. Earlier, at the time of completion of the 6th review under the Imran Khan-led PTI regime, the reform of Personal Income Tax (PIT), was the structural benchmark of the IMF program. It was agreed that the PIT reforms would be introduced on the occasion of the FY 2023 budget. Now if the Pakistani government deviates from implementing these reforms then it would have to come up with an alternate plan to fetch revenues up to the desired mark in the coming budget. However, the government showed reluctance to move ahead as desired by the IMF on the occasion of the completion of the sixth review in February 2022 under the PTI-led regime. The IMF side also expressed concern over the outstanding repayments to Chinese Independent Power Producers (IPPs) under the China-Pakistan Economic Corridor (CPEC), as Prime Minister Shehbaz Sharif approved the release of Rs 50 billion out of total outstanding dues of Rs 300 billion. Now, the fund is asking about the repayment schedule on this account. The IMF has also asked about alternate plans to meet the Federal Board of Revenue’s (FBR) envisaged target of Rs7.255 trillion in the coming budget. The IMF has estimated that the FBR's collection would be standing at Rs6,000 billion for the outgoing fiscal year and the FBR would have to collect R$1,255 billion to meet the desired target in the next fiscal year. With nominal growth of 16.5 per cent, the FBR's collection would touch R$6,700 billion so the IMF is inquiring about the plan for collecting the remaining Rs550 billion for touching the revenue collection of Rs7,255 billion for the next financial year. Pakistan and the IMF discussed the proposed increase in electricity tariff, subsidies on POL prices, and expected budget deficit for the coming financial year 2022-23. The government has envisaged Rs578 billion for subsidy on electricity as Rs 500 billion subsidies proposed for FY2023. Pakistan and the IMF remained engaged on one of the toughest rounds of parleys for finalising budgetary figures for the upcoming budget amid the lingering severe macroeconomic and fiscal crisis being faced by the country. This crisis-like situation was aggravated owing to skyrocketing crude oil and commodities prices in the international market. [with inputs from agencies] WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

IMF presses hard for reforms as Pakistan shares upcoming 2022-23 budget features

To continue receiving aid from the International Monetary Fund (IMF), the Pakistan government has raised the fuel prices by 20% on Thursday, media reports said.&nbsp;The hike, which will be effective from Friday, has been made to resume the aid Pakistan was getting from a $6 billion package, the finance minister said.&nbsp;In 2019, Pakistani government had signed the deal for this package with the International Monetary Fund (IMF). &nbsp;

Although the move will help the cash-strapped government, it will put a heavy burden on the citizens of the country as the new price of petrol will become 179.86 Pakistani rupees per litre and diesel will now be sold for 174.15 Pakistani rupees per litre. &nbsp;&nbsp;

Watch:&nbsp;IMF presses Pakistan of removing fuel, energy subsidies for programme revival

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The minister, Miftah Ismail, shared the new prices on Twitter. The news of the rise in prices spread like wildfire in the nation as long lines could be seen at the filling stations. &nbsp;

The IMF and Pakistan government seems to have reached a deal earlier on Thursday. In it, IMF would release over $900 million funds if Islamabad removed the subsidies on fuel and hiked the prices, as per a Reuters report, which cited sources. &nbsp;&nbsp;

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(With inputs from agencies)&nbsp;

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To continue receiving aid from the International Monetary Fund (IMF), the Pakistan government has raised the fuel prices by 20% on Thursday, media reports said. The hike, which will be effective from Friday, has been made to resume the aid Pakistan was getting from a $6 billion package, the finance minister said.

To continue receiving aid from the International Monetary Fund (IMF), the Pakistan government has raised the fuel prices by 20% on Thursday, media reports said. The hike, which will be effective from Friday, has been made to resume the aid Pakistan was getting from a $6 billion package, the finance minister said. In 2019, Pakistani government had signed the deal for this package with the International Monetary Fund (IMF). Although the move will help the cash-strapped government, it will put a heavy burden on the citizens of the country as the new price of petrol will become 179.86 Pakistani rupees per litre and diesel will now be sold for 174.15 Pakistani rupees per litre. Watch: IMF presses Pakistan of removing fuel, energy subsidies for programme revival × The minister, Miftah Ismail, shared the new prices on Twitter. The news of the rise in prices spread like wildfire in the nation as long lines could be seen at the filling stations. The IMF and Pakistan government seems to have reached a deal earlier on Thursday. In it, IMF would release over $900 million funds if Islamabad removed the subsidies on fuel and hiked the prices, as per a Reuters report, which cited sources. WATCH WION LIVE HERE (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. ×

Inviting more trouble? Cash-strapped Pak govt ditches citizens, raises fuel prices by 20% to get aid from IMF

The&nbsp;World&nbsp;Bank&nbsp;on Wednesday announced an additional $12 billion in funding for projects to address the global food security crisis, bringing the total to $30 billion.

Amid the growing shortages exacerbated by the Russian invasion of Ukraine, a key grain producer, the new funding will finance projects over the next 15 months to boost food and fertilizer production, facilitate greater trade and support vulnerable households and producers, the&nbsp;World&nbsp;Bank&nbsp;said.

"Food price increases are having devastating effects on the poorest and most vulnerable,"&nbsp;World&nbsp;Bank&nbsp;President David Malpass said in a statement.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/as-indias-wheat-export-ban-causes-ripples-in-global-markets-chinese-media-backs-move-479564">As India’s wheat export ban causes ripples in global markets, Chinese media backs move</a>

"It is critical that countries make clear statements now of future output increases in response to Russia’s invasion of Ukraine."

The&nbsp;bank&nbsp;previously announced $18.7 billion in funding for projects to be implemented over the next 15 months in Africa and the Middle East, Eastern Europe and Central Asia, and South Asia.

Russia's invasion of Ukraine and international economic sanctions on Moscow have disrupted supplies of wheat and other food supplies from both countries and pushed up fuel and diesel prices, especially in developing nations.

Watch |&nbsp;Global food security crisis: UN holds special meet, warns that food crisis could last decades

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And India over the weekend banned wheat exports, which sent prices for the grain soaring.

"Countries should make concerted efforts to increase the supply of energy and fertilizer, help farmers increase plantings and crop yields, and remove policies that block exports and imports, divert food to biofuel, or encourage unnecessary storage," Malpass said.

Also read |&nbsp;<a href="https://www.wionews.com/world/russia-ukraine-war-could-cause-mass-hunger-and-famine-due-to-food-insecurity-un-warns-480297">Russia-Ukraine war could cause mass hunger and famine due to food insecurity, UN warns</a>

Washington welcomed the decision, which is part of a joint action plan by multilateral lenders and regional development banks to address the food crisis.

"The Russian war against Ukraine is the latest global shock that is exacerbating the sharp increase in both acute and chronic food insecurity in recent years driven by conflict, climate change and economic downturns, such as those associated with the Covid-19 pandemic," the Treasury Department said, applauding the institutions for working swiftly to address the issues.

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The World Bank on Wednesday announced an additional $12 billion in funding for projects to address the global food security crisis, bringing the total to $30 billion.

The World Bank on Wednesday announced an additional $12 billion in funding for projects to address the global food security crisis, bringing the total to $30 billion. Amid the growing shortages exacerbated by the Russian invasion of Ukraine, a key grain producer, the new funding will finance projects over the next 15 months to boost food and fertilizer production, facilitate greater trade and support vulnerable households and producers, the World Bank said. "Food price increases are having devastating effects on the poorest and most vulnerable," World Bank President David Malpass said in a statement. Also read | As India’s wheat export ban causes ripples in global markets, Chinese media backs move "It is critical that countries make clear statements now of future output increases in response to Russia’s invasion of Ukraine." The bank previously announced $18.7 billion in funding for projects to be implemented over the next 15 months in Africa and the Middle East, Eastern Europe and Central Asia, and South Asia. Russia's invasion of Ukraine and international economic sanctions on Moscow have disrupted supplies of wheat and other food supplies from both countries and pushed up fuel and diesel prices, especially in developing nations. Watch | Global food security crisis: UN holds special meet, warns that food crisis could last decades And India over the weekend banned wheat exports, which sent prices for the grain soaring. "Countries should make concerted efforts to increase the supply of energy and fertilizer, help farmers increase plantings and crop yields, and remove policies that block exports and imports, divert food to biofuel, or encourage unnecessary storage," Malpass said. Also read | Russia-Ukraine war could cause mass hunger and famine due to food insecurity, UN warns Washington welcomed the decision, which is part of a joint action plan by multilateral lenders and regional development banks to address the food crisis. "The Russian war against Ukraine is the latest global shock that is exacerbating the sharp increase in both acute and chronic food insecurity in recent years driven by conflict, climate change and economic downturns, such as those associated with the Covid-19 pandemic," the Treasury Department said, applauding the institutions for working swiftly to address the issues. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

World Bank to provide additional $12 billion to address global food crisis

India's indigenously built advanced light helicopter (ALH), operated from the Indian Navy's INS Garuda base in Kochi, successfully completed the medical evacuation of a woman crew member of a Seychelles Coast Guard ship (SCGS), off India's west coast.

The patient, who was brought to INS Garuda Naval Air Base in Kochi, was shifted to INHS Sanjivani by ambulance and is said to be in a stable condition.

On Thursday morning, SCGS Zoroaster vessel was being escorted by INS Sharda during the former's voyage from Kochi at India's West Coast to Victoria, Seychelles.&nbsp;

Around 9.30 am (local time), private Allison Labiche, a crew member onboard the Seychelles' vessel, reported severe abdominal pain and was shifted to INS Sharda by boat, for further medical management and evacuation.

In order to facilitate a medical evacuation, the Indian Navy had prepared the ALH and Seaking 42C helicopters at Kochi.

At 12.33 pm (local time), the ALH chopper with a Naval medical officer on-board took off from the base and headed towards INS Sharda, which was 15km north of Minicoy Islands, off India's West coast.

In a little over four hours, the patient was brought to Kochi for further treatment.

Seychelles Peoples Defence Force Ship Zoroaster was on a goodwill visit to Kochi from April 11.

Zoroaster is a fast attack craft constructed by the Garden Reach Shipbuilders Engineering (GRSE) Kolkata and presented to Seychelles People’s Defence Force in 2021.

The ship is on her return passage to Seychelles after participating in multi-lateral exercise MILAN-22 at Visakhapatnam.

The ship also visited Kochi in January 2022 during her passage to Visakhapatnam. The visit of Zoroaster to Kochi has enhanced the defence cooperation between the two countries.

India's indigenously built advanced light helicopter (ALH), operated from the Indian Navy's INS Garuda base in Kochi, successfully completed the medical evacuation of a woman crew member of a Seychelles Coast Guard ship (SCGS), off India's west coast.

India's indigenously built advanced light helicopter (ALH), operated from the Indian Navy's INS Garuda base in Kochi, successfully completed the medical evacuation of a woman crew member of a Seychelles Coast Guard ship (SCGS), off India's west coast. The patient, who was brought to INS Garuda Naval Air Base in Kochi, was shifted to INHS Sanjivani by ambulance and is said to be in a stable condition. On Thursday morning, SCGS Zoroaster vessel was being escorted by INS Sharda during the former's voyage from Kochi at India's West Coast to Victoria, Seychelles. Around 9.30 am (local time), private Allison Labiche, a crew member onboard the Seychelles' vessel, reported severe abdominal pain and was shifted to INS Sharda by boat, for further medical management and evacuation. In order to facilitate a medical evacuation, the Indian Navy had prepared the ALH and Seaking 42C helicopters at Kochi. At 12.33 pm (local time), the ALH chopper with a Naval medical officer on-board took off from the base and headed towards INS Sharda, which was 15km north of Minicoy Islands, off India's West coast. In a little over four hours, the patient was brought to Kochi for further treatment. Seychelles Peoples Defence Force Ship Zoroaster was on a goodwill visit to Kochi from April 11. Zoroaster is a fast attack craft constructed by the Garden Reach Shipbuilders Engineering (GRSE) Kolkata and presented to Seychelles People’s Defence Force in 2021. The ship is on her return passage to Seychelles after participating in multi-lateral exercise MILAN-22 at Visakhapatnam. The ship also visited Kochi in January 2022 during her passage to Visakhapatnam. The visit of Zoroaster to Kochi has enhanced the defence cooperation between the two countries.

Indian Navy comes to the rescue of Seychelles Coast Guard crew member seeking medical help

&nbsp;An United Nations Office for the Coordination of Humanitarian Affair (OCHA) Director in the operations and advocacy division, Reena Ghelani, said the organisation has established a new system to monitor the humanitarian aid process in order to prevent corruption. 
 
Ghelani, who is leading a nine-member delegation of the UN, which has arrived in Kabul to monitor the distribution of humanitarian aid, made the remarks in a special interview with TOLOnews.

Also read |&nbsp;<a href="https://www.wionews.com/south-asia/protesters-demand-release-of-afghanistans-frozen-assets-455272">Protesters demand release of Afghanistan's frozen assets</a> 
 
She said they are working with 180 Afghan and international organisations to conduct a transparent aid process, TOLOnews reported. 
 
She urged the international community to support the people of Afghanistan. 
 
"Absolutely, the UN and its -- NGO partners -- we have asked for $4.4 billion, which we do not have yet, we need to raise this money because we need to urgently get assistance to people. We saw horrible nutrition?. We saw children begging to go to school, both boys and girls," she added.

Also read |&nbsp;<a href="https://www.wionews.com/south-asia/afghanistan-6-womens-rights-activists-still-missing-un-human-rights-office-expresses-concern-451313">Afghanistan: 6 women’s rights activists still missing; UN human rights office expresses concern</a> 
 
A member of the delegation said there is a need to work with the local communities and organisations to provide aid for the people. 
 
"We urge the Joe Biden administration to work in close collaboration with (the) Afghans, especially women and local organisations..." she said. 
 
This comes as many Afghans have voiced concerns over what they called the unfair distribution of aid. 
 
"What are the necessary steps to be taken for countering corruption in the distribution of aid?" 
 
"If the aid was provided in cash, it would help the value of the Afghan currency and would solve the cash problems in the markets," said Abdul Naseer Rishtia, a university professor.

Read |&nbsp;<a href="https://www.wionews.com/south-asia/eight-polio-vaccinators-killed-in-series-of-afghan-attacks-un-456107">Eight polio vaccinators killed in series of Afghan attacks: UN</a>

"The government should assess the aid provided by the UN. The contracts of the UN organisations should be shared (with the government) and the government must investigate it to see if the aid is provided to the people who deserve it," said Muzamil Shinwari, an economist. 
 
Afghanistan has recently seen a dire humanitarian crisis with millions of people struggling with starvation.

An United Nations Office for the Coordination of Humanitarian Affair (OCHA) Director in the operations and advocacy division, Reena Ghelani, said the organisation has established a new system to monitor the humanitarian aid process in order to prevent corruption.

An United Nations Office for the Coordination of Humanitarian Affair (OCHA) Director in the operations and advocacy division, Reena Ghelani, said the organisation has established a new system to monitor the humanitarian aid process in order to prevent corruption. Ghelani, who is leading a nine-member delegation of the UN, which has arrived in Kabul to monitor the distribution of humanitarian aid, made the remarks in a special interview with TOLOnews. Also read | Protesters demand release of Afghanistan's frozen assets She said they are working with 180 Afghan and international organisations to conduct a transparent aid process, TOLOnews reported. She urged the international community to support the people of Afghanistan. "Absolutely, the UN and its -- NGO partners -- we have asked for $4.4 billion, which we do not have yet, we need to raise this money because we need to urgently get assistance to people. We saw horrible nutrition?. We saw children begging to go to school, both boys and girls," she added. Also read | Afghanistan: 6 women’s rights activists still missing; UN human rights office expresses concern A member of the delegation said there is a need to work with the local communities and organisations to provide aid for the people. "We urge the Joe Biden administration to work in close collaboration with (the) Afghans, especially women and local organisations..." she said. This comes as many Afghans have voiced concerns over what they called the unfair distribution of aid. "What are the necessary steps to be taken for countering corruption in the distribution of aid?" "If the aid was provided in cash, it would help the value of the Afghan currency and would solve the cash problems in the markets," said Abdul Naseer Rishtia, a university professor. Read | Eight polio vaccinators killed in series of Afghan attacks: UN "The government should assess the aid provided by the UN. The contracts of the UN organisations should be shared (with the government) and the government must investigate it to see if the aid is provided to the people who deserve it," said Muzamil Shinwari, an economist. Afghanistan has recently seen a dire humanitarian crisis with millions of people struggling with starvation.

UN team in Kabul to ensure transparency with aid

In a humanitarian gesture, India sent a convoy of 50 trucks carrying wheat to war-torn Afghanistan via Pakistan. It is said to be the first consignment of aids India has planned for the Afghan nation.

India sends a convoy of 50 trucks carrying wheat to war-torn Afghanistan via Pakistan

From infrastructure to credit, India has reached out to its neighbours from Nepal to Sri Lanka in a number of ways.&nbsp;

On Tuesday, India and Nepal signed a MoU for the construction of a motorable bridge over the Mahakali River with Indian grant assistance.

The MoU was signed between the Indian envoy to Nepal, Vinay Mohan Kwatra, and the Secretary, Ministry of Physical Infrastructure and Transport, Government of Nepal, Rabindra Nath Shrestha, and connects Dharchula (India) with Darchula (Nepal).

The project will increase cross-border connectivity between Nepal's Sudurpaschim province and India's Uttarakhand even as construction is set to commence soon.&nbsp;

As of now, traditional means, including suspensions, are used to go to either side, which obviously is not a very safe option. The Indian mission in Nepal said in a statement, "This&nbsp;is in line with the priority shared by both the governments to expand cross-border connectivity for streamlining commercial, cultural, and people-to-people exchanges."

On Wednesday, India extended a $500 million line of credit to Sri Lanka for the purchase of petroleum products. The pact was signed between India's Export Import Bank (EXIM) and the Sri Lankan government in the presence of Sri Lankan finance minister Basil Rajapaksa and Indian envoy to the country, Gopal Baglay.&nbsp;

In a release, the Indian mission in the country said, "As Sri Lanka’s closest neighbour and long-standing partner, India is committed to assisting Sri Lanka in its post-Covid economic recovery." The development comes even as the Sri Lankan finance minister and Indian external affairs minister spoke last month and New Delhi continues with its foreign exchange support of over USD 900 million to the country. India's overall development assistance to Sri Lanka stands at close to USD 4 billion.

Wednesday also saw the opening of an artificial limb camp in the country, which is supported by the Indian government and the Indian NGO Bhagwan Mahaveer Viklang Sahayata Samiti (BMVSS), well known for the distribution of Jaipur feet. The NGO, which is the world's largest organisation for providing artificial limbs and other related aids, had in the past organised 2 camps in Sri Lanka, one in Vavuniya in March-April 2010 and later in Jaffna in September 2011. More than 2500 people had benefited from these camps at the time, with over 1600 receiving the "Jaipur Foot."

Meanwhile, next week will see India begin to send 50,000 MT of wheat as humanitarian aid to Afghanistan.&nbsp;Afghan Envoy to India, Farid Mamundzay, has said that New Delhi will start delivering the promised wheat support to the Afghan people between February 10th and 12th.

He said, "India is going to deliver 50,000 MT of wheat in the next week or two, and is going to start delivery, which should be completed by months' time."

Pakistan has given all the assurances that we, the Afghan side and India, required to start the delivery of ​operation".&nbsp;

New Delhi has already sent 6 tonnes of medical supplies and half a million COVID vaccines to Afghan people in the last 6 weeks. In its budget announcement on February 1, India allocated Rs 200 crore to Afghanistan, even as the country has seen a Taliban takeover.

From infrastructure to credit, India has reached out to its neighbours from Nepal to Sri Lanka in a number of ways. On Tuesday, India and Nepal signed a MoU for the construction of a motorable bridge over the Mahakali River with Indian grant assistance.

From infrastructure to credit, India has reached out to its neighbours from Nepal to Sri Lanka in a number of ways. On Tuesday, India and Nepal signed a MoU for the construction of a motorable bridge over the Mahakali River with Indian grant assistance. The MoU was signed between the Indian envoy to Nepal, Vinay Mohan Kwatra, and the Secretary, Ministry of Physical Infrastructure and Transport, Government of Nepal, Rabindra Nath Shrestha, and connects Dharchula (India) with Darchula (Nepal). The project will increase cross-border connectivity between Nepal's Sudurpaschim province and India's Uttarakhand even as construction is set to commence soon. As of now, traditional means, including suspensions, are used to go to either side, which obviously is not a very safe option. The Indian mission in Nepal said in a statement, "This is in line with the priority shared by both the governments to expand cross-border connectivity for streamlining commercial, cultural, and people-to-people exchanges." On Wednesday, India extended a $500 million line of credit to Sri Lanka for the purchase of petroleum products. The pact was signed between India's Export Import Bank (EXIM) and the Sri Lankan government in the presence of Sri Lankan finance minister Basil Rajapaksa and Indian envoy to the country, Gopal Baglay. In a release, the Indian mission in the country said, "As Sri Lanka’s closest neighbour and long-standing partner, India is committed to assisting Sri Lanka in its post-Covid economic recovery." The development comes even as the Sri Lankan finance minister and Indian external affairs minister spoke last month and New Delhi continues with its foreign exchange support of over USD 900 million to the country. India's overall development assistance to Sri Lanka stands at close to USD 4 billion. Wednesday also saw the opening of an artificial limb camp in the country, which is supported by the Indian government and the Indian NGO Bhagwan Mahaveer Viklang Sahayata Samiti (BMVSS), well known for the distribution of Jaipur feet. The NGO, which is the world's largest organisation for providing artificial limbs and other related aids, had in the past organised 2 camps in Sri Lanka, one in Vavuniya in March-April 2010 and later in Jaffna in September 2011. More than 2500 people had benefited from these camps at the time, with over 1600 receiving the "Jaipur Foot." Meanwhile, next week will see India begin to send 50,000 MT of wheat as humanitarian aid to Afghanistan. Afghan Envoy to India, Farid Mamundzay, has said that New Delhi will start delivering the promised wheat support to the Afghan people between February 10th and 12th. He said, "India is going to deliver 50,000 MT of wheat in the next week or two, and is going to start delivery, which should be completed by months' time." Pakistan has given all the assurances that we, the Afghan side and India, required to start the delivery of operation". New Delhi has already sent 6 tonnes of medical supplies and half a million COVID vaccines to Afghan people in the last 6 weeks. In its budget announcement on February 1, India allocated Rs 200 crore to Afghanistan, even as the country has seen a Taliban takeover.

Infrastructure​​​​​​​, credit and aid, India reaches out to the neighbourhood

After about five days of unprecedented devastation, aid operations have been ramped up for Tonga which is still reeling from the aftermath of the volcanic eruption and tsunami.

UK, New Zealand, Australia send aid to Tonga after devastating volcanic eruption and tsunami

Australia and New Zealand have now sent in the much needed humanitarian supplies to Tonga. The tsunami hit south pacific island which finally has been made contact with with the rest of the world after having been completely cut off for the last five days. Now after having been days off the grid the very first visuals of the scale of devastation that's been wreaked by the tsunami waves on the island nation have emerged.

Fields washed away, trees uprooted; first batch of aid arrives in Tonga

To raise aid for victims of Typhoon Rai, which ravaged the Philippines, the United Nations has started a campaign. As per the organisation, the money will be given to the 530,000 people in the worst-affected areas, who are in desperate need of day to day facilities.

To raise aid for victims of Typhoon Rai, which ravaged the Philippines, the United Nations has started a campaign. As per the organisation, the money will be given to the 530,000 people in the worst-affected areas, who are in desperate need of day to day facilities. UN Resident Coordinator in the Philippines Gustavo Gonzalez, while speaking at a virtual press conference said, "There is momentum for full support. Now the challenge is that all of this announcement and solidarity is rapidly translated into concrete actions." The campaign aims to raise $107.2 million. A "complete carnage" situation was reported by the Red Cross society as hospitals and schools were "ripped to shreds." Also read | Death toll surges to 375 as typhoon Rai causes destruction in Philippines The Philippines' 15th typhoon of the year, made landfall on Siargao Island, which happens to be a famous tourist and surfing destination on the country's central east coast. It had gusts of up to 260 kilometres per hour (160 miles per hour) at first, making it a Category 5 storm. Scientists for a long time have warned that typhoons are becoming more powerful as a consequence of climate change. The Philippines is ranked among the most vulnerable nations to the impacts of climate change. It is hit by an average of 20 storms every year. Speaking about the Typhoon, Gonzalez earlier said, "Rai intensified from a tropical storm to a super typhoon within hours and I think that this is a lesson learned in terms of the impact of climate change." (With inputs from agencies)

UN starts a campaign to raise aid for the victims of Philippines' typhoon Rai

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