ISLAMABAD: Isoble Coleman, USAID Deputy Administrator, said on Thursday that despite all hardships on the economic front, Pakistan had great potential to overcome all the challenges.
In a press conference, she said that Pakistan was facing a high inflation but there are tremendous opportunities as the Information Technology sector’s exports were growing and enhancing food security.
Coleman said that the United States always wanted to see a stable and prosperous Pakistan as both countries enjoyed cordial ties for the last 75 years.
Responding to a query, she said that Pakistan is required to follow robust financial reforms agenda to come out of the present economic mess.
Coleman said that she held meetings with different people working in the private sector and witnessed a great potential there.
To a query, the USAID official said that soon after her arrival, she visited flood-hit areas and witnessed an unsatisfactory situation on the ground.
She said flood-hit areas of Sindh were facing the worst conditions due to washed away crops, livestock, and damaged infrastructure.
USAID funding
Coleman said that USAID had promised an additional 16.4 million dollars in funding to bolster the recovery and resilience of communities in the country devastated by the unparallel floods of 2022.
She said the devastating floods affected about 33 million people, wreaking havoc on the country’s vital infrastructure, livelihoods, crops, and livestock.
The newly announced funds, she said, would provide support to more than 20 million individuals affected by the catastrophic floods, supporting their recovery, bolstering risk reduction measures, and increasing resilience.
She said that the package will tackle the growing challenges of malnutrition, food insecurity, and disease outbreak prevention.
She added that the funding would empower humanitarian organizations to provide nutritious meals to mothers and children, assist in the reconstruction of the infrastructure to mitigate future calamities, expand the scope of the protection services to end gender-based violence, and help survivors.