The World Bank, under its programme for the floods, has approved $213 million in financing to improve livelihoods and essential services and enhance risk protection in communities affected by the 2022 floods, with a focus on Balochistan.
“We will be working closely with the Government of Balochistan to support the affected communities by providing livelihood support and rehabilitating irrigation and flood protection infrastructures,” said Najy Benhassine, World Bank Country Director for Pakistan.
“This will not only help restore livelihoods but also protect the population by improving their resilience to potential future climate-related disasters and natural hazards. This project is part of the comprehensive package of post-floods rehabilitation and resilient-reconstruction programme agreed with the authorities.”
According to a statement issued by the global lender, the Integrated Flood Resilience and Adaptation Project (IFRAP) will provide housing reconstruction grants to approximately 35,100 homeowners to rebuild their homes following resilience standards and livelihood grants to smallholder farmers to support livestock, promote climate-smart agriculture and other productive activities.
The financing will also help restore essential services by rehabilitating damaged infrastructure and facilities such as water supply, irrigation, roads, and community facilities.
Senior Water Specialist at the World Bank, Yoro Sidibe, said:“Balochistan is particularly vulnerable to natural disasters due to its geographical location, socioeconomic background, and climate change.”
“This project will help provide economic opportunities to the affected communities while ensuring social inclusion and participation. It will also strengthen institutional capacity in terms of preparedness and response to future disasters.”
The project will benefit approximately 2.7 million people in selected communities in calamity-declared districts across Balochistan. It will mitigate flood risks through a combination of resilient protection infrastructure, enhancing early warning systems, while ensuring that women have access to this system and disaster risk management information.
IFRAP will restore degraded watersheds and strengthen institutional capacity at both the provincial and local level.
US student loan borrowers were frequently given incorrect or inadequate information on their accounts
Pakistan’s economy is in dire straits with its foreign reserves depleting amid less inflows from overseas investors
Term for the deposit of $3 billion maturing on December 5, 2023, says SBP
Initially, service available in Islamabad and Rawalpindi empowers customers, captains to bid and counter-bid fares
In November alone, the benchmark index has gained more than 8,500 points
In first phase, Honda BENLY e will be offered for test marketing