Karachi: The World Bank (WB) on Tuesday (December 20) approved USD 1.692 billion to finance five projects aimed at supporting people living in flood-affected areas of Sindh, the news sources reported.
In a statement issued by the World Bank, it was announced that three projects will support rehabilitation, housing reconstruction, and the restoration of crop production for vulnerable communities, while the two projects support health services for mothers and children.
An amount of USD 500 million has been allocated to the ‘Sindh Flood Emergency Rehabilitation Project’ which will help rehabilitate damaged infrastructure, provide short-term livelihood opportunities, and strengthen the government’s capacity to respond to disasters.
The announced package will include:
- A housing subsidy for the reconstruction and restoration grants for 350,000 housing units.
- Irrigation subsidies to help restore the livelihood of over 70,000 households with 14,000 households receiving direct financial benefits from the pilot smart subsidy schemes targeting small and medium-sized farmers
- The project will support alignment and connectivity with the federal National Database Registration Authority (NADRA) and will provide conditional cash transfers (CCTs) to 1.3 million mothers and their children to support improved maternal and child health outcomes, particularly in the wake of service disruption after the floods
On the occasion, World Bank Country Director for Pakistan Najy Benhassine said that Sindh is the worst affected province by the recent floods. The damage caused by these floods has been huge devastating houses, health, and agriculture sectors and people lost their livelihoods.