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The World Bank has provided $1.7 billion for flood reliefATN News

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The World Bank announced on Thursday that it will provide $1.7 billion in flood relief and $22.2 million in financing to flood-affected farmers through ongoing and new initiatives.

According to Martin Riser and John Room, the World Bank’s regional directors for sustainable development for South Asia, the devastating floods have left the affected population in economic distress.

The engineer told the riser power minister. Khurram Dastagir Khan said, “The World Bank plans to provide up to $1.7 billion in flood-related support through existing and new projects,” according to a press release issued here.

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

Food Security Minister Tariq Basheer Cheema and John Room met separately. He informed the minister that the bank would provide 22.2 million dollars for a specific project to help the flood-affected farmers.

Room told the minister, “The World Bank will help Pakistan in time of need through programs to rehabilitate the affected people. Both sides agreed that the World Bank’s Locust Emergency and Food Security (LEAFS) initiative should be used for the recovery of the agricultural community in flood and locust-affected areas.”

Room promised to ask the World Bank Board for assistance to help Pakistan recover from the disaster caused by the unprecedented floods. Seema thanked the World Bank Group for its assistance.

Seema told the group that the rains and floods at that time had destroyed the farming industry and the rural community. “At this critical juncture, we are primarily focusing on rehabilitation activities in flood-affected districts” to restore normalcy, he continued.

To support farmers in flood-affected areas, Seema said the Ministry of National Food Security plans to provide subsidies for inputs – seeds and fertilizers – “on a cost-sharing basis for the coming rabi season”.

He said, “We are going to provide one bag of fertilizer per acre and discounted wheat and oilseeds to farmers in the wrong areas. The distribution will be monitored by the provincial governments and the National Disaster Management Authority” (NDMA).

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

Separately, Seema directed the Department of Plant Protection (DPP) to formulate a detailed plan by the end of this month to distribute fertilizers to the flood-affected districts.

Additionally, he approved the department’s proposal to hire technical staff to monitor disease and locust outbreaks. He predicted that the recent rains and floods would make a second locust attack more likely.

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