Source : https://dofollownet.com
Pakistan will received $5.280 billions to fight the Taliban insurgency from 31 countries who attended yesterday the Tokyo donor conference hosted by Japan and the World Bank.
The money, to be delivered over a period of two years, should help to restore stability in the regions bordering Afghanistan, where Al Qaeda has become stronger in recent months.
The funds will also help alleviate the economic problems of the Pakistani government, beset by external debt, and at the same time improve the health and education to curb the growing popular support for violent Islamist groups.
With the same objective, the International Monetary Fund will provide Pakistan $7.500 billions, with a repayment term of two years.
The Pakistani president, Azif Ali Zardari promised to donors that his goverment will take all the necessary measures to amend its economy and to control the rebels. "If we lose, the world will lose too" he said.
U.S. and Japan made the highest contributions of the summit, with one billion dollars each. U.S. officials said that Pakistan is key to restoring peace in Afghanistan.Read »