World Bank will provide $1.3 billion

World Bank will provide $1.3 billion in support to flood-affected farmers

ISLAMABAD: The World Bank (WB) will provide $1.3 billion in financial support to provide emergency, agriculture and housing assistance to farmers in flood-affected areas of Pakistan.

 

This was said by the World Bank’s Regional Director for Sustainability John A Roome during a meeting with National Minister for Food Security and Research Tariq Bashir Cheema in Islamabad. World Bank will provide $1.3 billion.

 

The World Bank has also agreed to provide financial support to countries to subsidize urea fertilizers for flood-affected farmers.

 

Speaking on this occasion, Tariq Bashir Cheema said floods and rains have resulted in great losses for farming communities. And the government is trying to provide relief and help poor farmers to recover.

 

while appreciating the extended support provided by the World Bank to alleviate floods and rehabilitate affected farmers. Natural disasters, he said, were unexpected. And affected farmers need help to recover and return to normal conditions.

 

Tariq Bashir has focused on enhancing the coordination between the central governments. Provincial governments, World Bank and other stakeholders for the most urgent relief and assistance to the poor to restore agriculture in the flood-affected areas of the country.

 

The minister endorsed the ministry’s full support for World Bank projects and initiatives in Pakistan. and said relief and assistance to farming communities would help achieve food security.

 

additional secretary The country’s Ministry of Food Security and Research, Muhammad Asif, considers that the Benazir Income Support Program (BISP) database can help identify farmers for targeted subsidies. PPR) has developed a digital application to help deliver to farmers.

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