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Climate crisis: Who should pay to rebuild Pakistan?
Behind the Money
The Floods in Pakistan Are an Example of the Havoc That Climate Change Can Cause
Pakistan held a conference in Geneva to raise money for its reconstruction. That conference raised $9 billion in pledges, some from organizations like World Bank and Islamic Development Bank. But the floods caused more than triple that in damage and economic losses. Pakistan's economy has been trapped in constant boom and bust cycles.
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