RIGA (Latvia) (Reuters/AFP) World Bank President Robert Zoellick said on Friday floods in Pakistan may have destroyed crops worth around $1 billion and that the organisation was considering redirecting aid to the country. The World Bank President said more than 14 million people have been affected by the unprecedented flooding in Pakistan, in a disaster that has wreaked more destruction than an earthquake in 2005. Triggered by torrential monsoon downpours, the floods have swamped Indus river basin, killing more than 1,600 people, forcing two million from their homes and disrupting the lives of about 14 million people. This is a fast-moving situation. And our early forecast is that over 14 million people have been affected, World Bank President Zoellick told reporters in the Latvian capital Riga. The early assessment is that the levels of destruction are worse than the earthquake of 2005, he said, adding that an estimated 700,000 homes have either been destroyed or seriously damaged. The rough estimate is that there is a billion dollars of losses of crops. All of us will have to pitch in to help, he added. Zoellick said a reconstruction needs assessment team landed in Pakistan on Friday with representatives from the World Bank and the Asian Development Bank, after Islamabad had requested it on Wednesday, he said, adding that the World Bank is also considering redirecting aid. Weve already started to think about reprogramming some of our funding, and based on the government request we are looking to see if we might reprogramme about $900m, Zoellick said after meeting the Prime Minister of Latvia.