Banks and countries pledge $10bn to rebuild Pakistan after catastrophic floods

International funders join Pakistan PM and UN secretary general in Geneva to agree recovery plan following ‘monsoon on steroids’

The international community has promised $10.5bn (£8.77bn) to help Pakistan rebuild after last summer’s catastrophic floods, described by UN secretary general António Guterres as a “monsoon on steroids.”

The pledges were made on Monday at the International Conference on Climate Resilient Pakistan in Geneva, Switzerland, hosted by Pakistan’s prime minister Muhammad Shehbaz Sharif and Guterres.