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US to give Pakistan USD one billion in aid
Agence France-Presse, Friday April 17, 2009, Tokyo

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The United States will give Pakistan USD one billion in aid over two years, the US envoy Richard Holbrooke announced on Friday as an international donors' conference opened in Tokyo.

Holbrooke "announced the United States' intent to provide support to the government of Pakistan totaling USD one billion over a two-year period (2009-2010)," according to a statement by State Department acting spokesman Robert Wood.

Holbrooke, US President Barack Obama's chief point man on both Afghanistan and Pakistan, was joining a one-day meeting of some 30 donor nations to raise what the World Bank hopes will be USD four to six billion in aid pledges.

Japan has also pledged aid of up to USD one billion over the next two years.

The statement said "the US assistance, which is subject to congressional approval, will support development and social safety net spending to meet Pakistan's short-term needs," as identified by the International Monetary Fund.

"This one billion dollars is a down payment on President Obama's commitment to support a bipartisan bill in the US Congress, co-sponsored by Senators John Kerry and Richard Lugar, that authorises 1.5 billion dollars in direct support to the Pakistan people every year over the next five years," it said.

The aid will be used to build schools, roads, and hospitals; help farmers improve their ability to raise crops and deliver them to the marketplace, stimulate new energy infrastructure and strengthen democracy, it said.

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Posted by rajeev gupta on Apr 18, 2009
Is US idiot? Why are they wasting their money to kill the problem, which itself is created by Pakistan. Let them handle themselves because it is their policy to get the money from the international bodies to run Pakistan as they bankrupt country. Or we can feel that US is trying to stand Pakistan and wants to use against India. BUT THIS IS NOT AT ALL DESIRABLE BY INDIA
Posted by Dhaval on Apr 17, 2009
Why is United States sponsoring their own death.
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