$1.7b flood response loan approved - News Summed Up
$1.7b flood response loan approved

$1.7b flood response loan approved

December 21, 2022 05:48 UTC

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$1.7b flood response loan approved


Three of the projects support rehabilitation, housing reconstruction and the restoration of crop production for vulnerable communities, while the other two projects support mother and child healthcare services, according to the lender. The World Bank has approved a $500 million loan for the Sindh Flood Emergency Rehabilitation project aimed at rehabilitating damaged infrastructure, providing short-term livelihood opportunities, and strengthening the government’s capacity to respond to disasters. The project will help restore and improve critical irrigation and flood protection infrastructure, water supply schemes, roads, and related infrastructure. The lender has also approved $500 million for the Sindh Floods Emergency Housing Reconstruction project to support owner-driven and multi-hazard resilient reconstruction of core housing units. Another loan of $292 million has been approved for the Sindh Water and Agriculture Transformation project to increase agricultural water productivity, improve integrated water resources management, and restore crop production.


Source: The Express Tribune December 21, 2022 05:48 UTC



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