World Bank Gives Green Light to $150 Million Funding for Two Projects in Pakistan
By
March 25, 2024
- Amount of $78mn approved for Digital Economy Enhancement Project (DEEP), while $71.7mn sanctioned as second additional financing for Sindh Barrages Improvement Project
Exciting news from the World Bank! They’ve just given the green light for a whopping $149.7 million to help Pakistan with two big projects. Let’s break it down.
First up, $78 million is going to the Digital Economy Enhancement Project (DEEP). This project is all about boosting digital services for everyone in Pakistan – citizens and businesses alike. Think easier access to government services online. Plus, it’s aiming to make sure everyone, especially women, can get involved in the digital world, like opening bank accounts or applying for loans with just a smartphone.
Then, there’s $71.7 million heading towards the Sindh Barrages Improvement Project. This one’s all about making sure Pakistan is better prepared for floods and managing its water resources more efficiently. They’re focusing on upgrading barrages in Sindh, like Guddu and Sukkur, and improving how they’re managed. This will not only protect livelihoods but also make sure the region can cope better with floods and droughts.
Both projects are not just about improving infrastructure; they’re also about empowering people and making life better for everyone in Pakistan. It’s great to see the World Bank stepping in to support such important initiatives!
