The World Bank has approved a $300 million loan to help Pakistan address climate change issues, health emergency and manage solid waste to reduce chances of flooding in Karachi, the media reported on Thursday. The Washington-based lender approved $200 million for the Sindh Resilience project and $100 million for the Solid Waste Emergency and Efficiency project, The Express Tribune quoted an official statement issued by the bank s local office as saying. These investments will bolster Pakistan s efforts to build resilience to natural hazards such as floods and droughts in the Sindh province and will strengthen solid waste management in Karachi to tackle recurrent urban flooding and public health emergencies in the city, it added.
World Bank approves $300mln loan for projects in Sindh
Business
December 10, 2020
ISLAMABAD: The World Bank on Wednesday approved $300 million in financing for two projects in Pakistan including the Sindh Resilience Project and the Solid Waste Emergency and Efficiency Project (SWEEP).
“These investments would bolster Pakistan’s efforts to build resilience to natural hazards such as floods and droughts in Sindh, and strengthen solid waste management in Karachi to tackle recurrent urban flooding and public health emergencies in the city,” the bank said in a statement on Wednesday.
Najy Benhassine, country head of World Bank Pakistan said building resilience to natural disasters and health emergencies is an important and urgent agenda in Pakistan that would help save lives and protect the economy.
World Bank approves $300 million loan to Pakistan khaleejtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khaleejtimes.com Daily Mail and Mail on Sunday newspapers.
The World Bank has approved a $300 million loan to help Pakistan address climate change issues, health emergency and manage solid waste to reduce chances of flooding in Karachi, the media reported on Thursday.The Washington-based lender .