World Bank abandons concrete aims

World Bank abandons concrete aims
Published: 12 October 2006

A request that more than 500,000 earthquake damaged homes in Pakistan be rebuilt using concrete were this week withdrawn by the World Bank.

The bank is funding US$220m in housing reconstruction, following last year’s earthquake that killed 80,000 people

It had insisted that reconstruction grants of 200,000 rupees (US$3000) be paid per household if work was done in concrete, but materials shortages in remote areas appeared to have forced the World Bank’s to change its mind.

To date the World Bank has committed US$1.0bn to reconstruction but estimates that the country needs US$8bn overall for long term work.