World Bank’s board of Executive Directors has approved $1.692 billion in assistance for Pakistan’s rehabilitation efforts.
The aid had been granted for five projects in flood-hit Sindh.
Out of the five, three programs help disadvantaged communities’ rehabilitation, home reconstruction, and crop production restoration out of these three, two projects have a combined value of $500 million, while the third is only worth $292 million.
Whereas, the remaining two projects support health services for mothers and children and are worth $200 million.
World Bank Country Director for Pakistan Najy Benhassine said, “Sindh was the province worst affected by the 2022 floods. There were huge damages to the housing, health, and agriculture sectors and people lost their livelihoods.”
He further added that our participation in the flood response effort provides an opportunity to improve resilience and reform institutions and governance structures in addition to the restoration and reconstruction of damaged homes and infrastructure.
“The aid of $500 million for Sindh Flood Emergency Rehabilitation Project will help restore and improve critical irrigation and flood protection infrastructure, water supply schemes, roads, and related infrastructure,” said the global lender in the statement.
On the other side, the $500 million Sindh Floods Emergency Housing Reconstruction Project will help owners rebuild key housing units in a way that is multi-hazard resilient.
Meanwhile $292 million will be provided for Sindh Water and Agriculture Transformation Project and more than 885000 households are expected to benefit from this.
The lender also approved $200 for the Sindh Strengthening Social Protection Delivery System Project and Sindh Integrated Health and Population Project separately which aimed to enhance the standard and accessibility of essential nutrition, maternal, newborn, child, and adolescent health services.