NewsSeptember 23 , 2022
World Bank Pledges up to $1.7 Billion in Flood Relief
Islamabad: The World Bank said on Thursday that it planned to provide flood-related support of up to $1.7 billion through existing and new projects, while financial support of $22.2 million would be provided for the rehabilitation of flood-affected farmers.
World Bank's Regional Vice President for South Asia Martin Raiser and South Asia Regional Director for Sustainable Development John Roome said that the devastating floods had brought economic misery for the affected people.
“The World Bank plans to provide flood-related support of up to $ 1.7 billion through existing and new projects,” said Raiser, while talking to Power Minister Engr Khurram Dastgir Khan, said a press release issued here.
“This could be in form of strengthening of social security programs, new emergency operations to help in rehabilitation and long-term resilience efforts,” Raiser added. He appreciated Pakistan's policy shift towards renewables as a step in the right direction.
John Roome had a separate meeting with Food Security Minister Tariq Bashir Cheema. He told the minister that the bank would provide financial support of $22.2 million for the rehabilitation of flood-affected farmers through a targeted project.
“The World Bank will help Pakistan, in this time of need, through projects targeted to rehabilitate the affected community,” Roome told the minister. “The bank is working with provincial agriculture departments to support the farming community.”
According to the press releases, both sides agreed to support the rehabilitation of the farming community in flood-affected districts and locust-hit areas through the Locust Emergency and Food Security (LEAFS) project of the World Bank.Roome assured that he would request the World Bank Group Board to increase support for Pakistan to recover from the devastations caused by unprecedented floods. Cheema appreciated the World Bank Group for the assistance, the press release added. – The Express Tribune
Courtesy The Express Tribune
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