According to a press release issued by the Ministry of National Food and Security, the World Bank (WB) is to provide Pakistan with $1.3 billion for crisis, agriculture and housing relief in the wake of destructive floods.
World Bank Regional Director for Sustainable Development, Mr. John A Roome, expressed in a meeting with Federal Minister for National Food Security and Research Tariq Bashir Cheema’ that the funds will be released after acceptance from the international lender’s council meeting.
Separately, the World Bank has also decided to provide the country with financial aid for supporting urea for flood-affected agriculturalists.
During the meeting, Cheema briefed the delegation that the recent floods and rain had resulted in colossal failures for the farming community. “We are trying our utmost to provide relief and help to needy farmers and aid them in restoration.
The minister guaranteed his ministry’s full approval for the World Bank’s projects and initiatives in Pakistan.
“Providing relief to the farming community will also help achieve food security in the country,” said Cheema.
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