{"id":88946,"date":"2022-09-26T16:13:17","date_gmt":"2022-09-26T11:13:17","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=88946"},"modified":"2022-09-26T16:13:22","modified_gmt":"2022-09-26T11:13:22","slug":"wb-usd-2-bn-flood-resilience-rehabilitation","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/wb-usd-2-bn-flood-resilience-rehabilitation.html","title":{"rendered":"WB to repurpose USD 2 bn for flood resilience, rehabilitation"},"content":{"rendered":"\n<p>Islamabad: World Bank (WB) Vice President (South Asia Region) Martin Raiser said on Saturday (September 24) that the bank intends to repurpose USD 2 billion \u2013 previously envisioned to support multisectoral projects \u2013 to help Pakistan enhance its resilience to climate-related risk, news sources reported.\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/wb-repurposing-usd-300-mn-flood-victims.html\" data-type=\"post\" data-id=\"88549\">World Bank announces repurposing USD 300 mn for flood victims<\/a><\/p>\n\n\n\n<p>The funding will be utilised to meet immediate needs in the areas of health, food, housing, rehabilitation, and cash transfers. Furthermore, in the future, the WB will engage numerous partners to invest in multi-sectoral programmes such as children&#8217;s nutrition, education and skills,<a href=\"https:\/\/www.zameen.com\/news\/funds-kamoke-punjab-cities-program.html\" data-type=\"post\" data-id=\"88796\" target=\"_blank\" rel=\"noreferrer noopener\"> irrigated agriculture, tourism<\/a>, and urban development. The World Bank said in a statement that the bank&#8217;s major priority is to support policy and institutional changes with USD 13 billion focused on 56 projects. These initiatives will focus on sustainable development, climatic resilience, and human development. During his tour to flood-affected areas, Raiser stated that the WB is worried about the safety of flood victims and would cooperate with the central and provincial governments to rehabilitate them.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pakistan-6-growth-rate-fy-2021-22.html\" data-type=\"post\" data-id=\"86069\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan surprises IMF, World Bank with nearly 6% growth rate in FY 2021-22<\/a><\/p>\n\n\n\n<p>It is vital to note that Pakistan is dealing with the worst flood in the country&#8217;s history, with millions affected. The government and the<a href=\"https:\/\/www.zameen.com\/news\/un-map-pakistans-glaciers.html\" data-type=\"post\" data-id=\"88916\" target=\"_blank\" rel=\"noreferrer noopener\"> United Nations (UN) <\/a>have urged the international community to increase their efforts to assist Pakistan in resolving its issues. PM Shehbaz also emphasised the affectees\u2019 plight during a recent visit to New York to attend the United Nations General Assembly (UNGA) summit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: World Bank (WB) Vice President (South Asia Region) Martin Raiser said on Saturday (September 24) that the bank intends to repurpose USD 2 billion \u2013 previously envisioned to support multisectoral projects \u2013 to help Pakistan enhance its resilience to climate-related risk, news sources reported.\u00a0 Read: World Bank announces repurposing USD 300 mn for flood victims The funding will be utilised to meet immediate needs in the areas of health, food, housing, rehabilitation, and cash transfers. Furthermore, in the future, the WB will engage numerous partners to invest in multi-sectoral programmes such as children&#8217;s nutrition, education and skills, irrigated agriculture, tourism, and urban development. The World Bank said in a statement that the bank&#8217;s major priority is to support policy and institutional changes with USD 13 billion focused on 56 projects. These initiatives will focus on sustainable development, climatic resilience, and human development. During his tour to flood-affected areas, Raiser stated that the WB is worried about the safety of flood victims and would cooperate with the central and provincial governments to rehabilitate them. Read: Pakistan surprises IMF, World Bank with nearly 6% growth rate in FY 2021-22 It is vital to note that Pakistan is dealing with the worst&hellip;<\/p>\n","protected":false},"author":84,"featured_media":88606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[406,54239,21890,39829],"persona":[],"class_list":{"0":"post-88946","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-flood-in-pakistan","9":"tag-wb-to-repurpose-usd-2-bn-for-flood-resilience","10":"tag-world-bank-wb","11":"tag-world-bank-to-use-emergency-procedures-to-implement-sweep-in-karachi","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WB to repurpose USD 2 bn for flood rehabilitation - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: World Bank (WB) Vice President (South Asia Region) Martin Raiser said on Saturday (September 24) that the bank intends to repurpose USD 2\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/wb-usd-2-bn-flood-resilience-rehabilitation.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WB to repurpose USD 2 bn for flood rehabilitation - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: World Bank (WB) Vice President (South Asia Region) Martin Raiser said on Saturday (September 24) that the bank intends to repurpose USD 2\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/wb-usd-2-bn-flood-resilience-rehabilitation.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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