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    Pakistan congratulates Donald Trump for winning as US president

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    Iran’s new Supreme Leader Mojtaba Khamenei ‘safe and sound’ amid rumours surrounding

    Iran’s supreme leader Mojtaba Khamenei vows to avenge martyrs in his first remarks

    Iran’s new Supreme Leader Mojtaba Khamenei ‘safe and sound’ amid rumours surrounding

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    Qatar ‘appalled’ by reported criticism from Israel’s Netanyahu

    Qatar arrests 313 people for sharing attacks footage, war rumours

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    US submarine sinks Iranian warship near Sri Lankan island, 87 dead bodies recovered, 32 critically wounded

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    Dubai Airports resuming ‘limited’ flights after three-day closure

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    Pakistan unlikely to buy spot LNG in summer

    LNG supplies to run out after April 14 in Pakistan, Senate panel told

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    Arrangements of additional oil shipments to boost Pakistan’s reserves, Committee told

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    NEPRA hikes power tariff by Rs1.63 per unit for January

    Petroleum ministry devises a new policy to bring down fuel prices by Rs20

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Voice of Sindh
Home BUSINESS

World Bank approves $213 million in financing for Balochistan

IFRAP will provide housing reconstruction grants to approximately 35,100 homeowners

Web Desk by Web Desk
in BUSINESS, FINANCE
Reading Time: 2 mins read
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The World Bank’s Board of Executive Directors on Thursday approved $213 million in financing for Balochistan to improve livelihoods and essential services and enhance risk protection in communities affected by the 2022 floods.

As per a statement issued, the financing is part of the programme agreed with the government to respond to the devastating floods that hit the country last summer and build a climate-resilient Pakistan.

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“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-flood rehabilitation and resilient-reconstruction program agreed with the authorities.”

As per the World Bank statement, the Integrated Flood Resilience and Adaptation Project (IFRAP) will provide housing reconstruction grants to approximately 35,100 homeowners.

“It will also help restore essential services by rehabilitating damaged community infrastructure and facilities such as water supply, irrigation, roads, and community facilities.

“Balochistan is particularly vulnerable to natural disasters due to its geographical location, socioeconomic background, and climate change,” said Yoro Sidibe, Senior Water Specialist at the World Bank.

“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 statement further reads that the project will benefit approximately 2.7 million people in selected communities in calamity-declared districts across Balochistan. IFRAP will restore degraded watersheds and strengthen institutional capacity at both the provincial and local level.

Tags: Balochistanfinancingmillionworld bank
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Voice of Sindh is an initiative designed to uncover the untold stories of Sindh. It aims to preserve and promote the diverse culture, heritage, history, and traditions that make Sindh the bastion of pluralism and progress.

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