ISLAMABAD: On December 8, 2020, the World Bank approved loans to support two projects in Pakistan — Sindh Resilience Project and the Solid Waste Emergency and Efficiency Project. The grants will tackle the floods and drought in the province of Sindh, as well as the lack of waste management and infrastructure issues of Karachi.
The World Bank Country Director for Pakistan, Najy Benhassine said that bolstering natural disasters and health emergencies are the most important topics on the Pakistani agenda. With this financing scheme, the nation will be able to save many lives and at the same time advance economic recovery.
Ahsan Tehsin who leads the task team for the Sindh Resilience project said that the World Bank’s relief package will improve the rural community engulfed in poverty and malnutrition.
“The establishment of Sindh Emergency Service will greatly enhance the government’s responsiveness to natural disasters and emergencies, particularly in a megacity like Karachi where many lives are lost due to insufficient emergency medical services,” he further added.
The city of Karachi will benefit greatly from this significant investment. As the municipality issues need to be addressed as the metropolitan city is home to nearly 16 million people. This year alone dozens of innocent lives were lost due to massive flooding caused by improper poor infrastructure.
The $300 million loan for Pakistan is part of the World Bank’s global response to COVID-19. And equally important is a shared focus on improving financial sustainability, with continued support through private sector partnerships, whilst outweighing the necessary revenue streams for implementing these grants.