ISLAMABAD: World Bank loans to Pakistan will mostly be used for human development and climate change mitigation, building infrastructure in flood-prone Sindh, resulting in poor social indicators. There has been a significant change.
World Bank Country Director Naji Benhesin while briefing the journalists said that 2 billion dollars of aid was announced for the rehabilitation of flood victims in Pakistan, child development, education, environmental resilience, clean energy, air pollution, budget support and Environmental businesses fall under provincial jurisdiction.
which will be completed with the help of the provincial government, the country director said that 1 billion 55 million dollars have been allocated for new projects for flood victims, while 455 million dollars have been allocated for existing projects, more The funding is earmarked for flood relief in Sindh. He said that 500 million dollars will be spent for the construction of houses for the flood victims in Sindh, 22 million dollars have been provided for the construction of houses for the flood victims in Sindh, funds are being provided for the construction of 21 lakh houses. .
9 lakh 35 thousand bank accounts of flood victims have been opened in the province. The construction has been started, he said that the bank accounts of 104 flood victims have been opened in Balochistan, funds have not been provided for the construction of houses to the flood victims in the province.
He said that 4 lakh rupees will be provided for construction of houses in Balochistan while 3 lakh rupees will be provided for construction of houses in Sindh. He added that the new loan will focus on 6 sectors including child development, education, climate change and clean energy, air pollution. It should be noted that the World Bank is providing an average of 2 billion dollars to Pakistan, while this year Funding has not yet been provided.
