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The World Bank has pledged up to $1.7 billion for flood reliefSEDI News

The World Bank announced Thursday that it intends to contribute up to $1.7 billion in flood-related assistance through both ongoing and new initiatives, as well as $22.2 million in funding for flood-affected farmers.

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According to Martin Riser and John Room, regional directors for sustainable development for South Asia at the World Bank, the devastating floods have left the victims in economic pain.

Raiser Engg. said the Minister of Energy. Khurram Dastgir Khan said the World Bank “plans to offer up to $1.7 billion in flood-related assistance through existing and new projects,” according to a news statement issued here.

“This could take the form of strengthening social protection programs, fresh emergency operations to aid recovery, and long-term resilience measures,” Riser continued. He recognized Pakistan’s policy move in favor of renewable energy as a positive development.

Food Security Minister Tariq Bashir Cheema and John Room met separately. He informed the minister that the bank would contribute $22.2 million to a specific program to help flood-ravaged farmers.

Room informed the minister, “The World Bank will help Pakistan in this hour of need through programs for the rehabilitation of the devastated people. Both sides agreed that the World Bank’s Locust Crisis and Food Security (LEAFS) initiative should be used to help with recovery. of the farming community in flood and locust affected areas.

Room pledged to ask the World Bank Group board to provide assistance to Pakistan as it works to recover from the devastation caused by record floods. Cheema thanked the World Bank Group for its help.

Cheema informed the group that the rains and floods at that time destroyed the agricultural industry and the rural community. To restore normalcy, he continued, “At this critical time, we are mainly focusing on rehabilitation activities in the flood-affected districts.”

Cheema said the Ministry of National Food Security intends to subsidize inputs – seeds and fertilizers – with provinces “on a cost-sharing basis in the coming Rabi season” to support farmers in flood-affected areas.

He said, “We intend to provide one bag of fertilizer per acre as well as wheat and oilseeds at subsidized rates to the farmers in erratic areas. The distribution will be overseen by the provincial governments and the National Disaster Management Authority (NDMA).

Cheema asserted that “the proposed subsidy may be presented before the federal cabinet soon” and predicted that “farmers will be able to get back on their feet after this support.” He said that the government is giving full support to the agriculture ministries.

Separately, Cheema directed the Department of Plant Protection (DPP) to develop a comprehensive plan by the end of this month to distribute fertilizer in flood-affected districts.

Further, he gave his nod to the department’s proposal to appoint technical personnel to monitor outbreaks of disease and locusts. He warned in advance that the recent rains and floods would increase the chances of another locust attack.

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