World Bank Grants $535 Million to Pakistan

The World Bank has recently granted $535 million in funding to Pakistan for two crucial projects aimed at enhancing social protection systems and promoting sustainable practices in the livestock and aquaculture sectors. The Crisis Resilient Social Protection (CRISP) Program and the Sindh Livestock and Aquaculture Sectors Transformation (LIVAQUA) Project are set to make a significant impact on the country's resilience and economic growth.

CRISP Program: Strengthening Social Protection

The CRISP Program focuses on improving Pakistan's social protection system to better support vulnerable populations, especially in times of crisis like the devastating floods in 2022. The additional funding will help expand coverage and effectiveness of cash transfer programs, enhancing collaboration between federal and provincial authorities for a more robust social safety net.

Already benefiting millions of families, CRISP aims to reduce vulnerability to climate and economic shocks, empowering provinces to take a more active role in social welfare initiatives.

LIVAQUA Project: Promoting Sustainable Practices

On the other hand, the LIVAQUA Project aims to promote climate-smart production practices and improve market access for livestock and aquaculture sectors in Sindh. By strengthening policy frameworks and decision-making processes, the project seeks to support sustainable growth in these sectors while enhancing the capacity of public and private providers to deliver essential services and technologies.

Conclusion

The approval of funding for these projects signifies a significant step towards building resilience and promoting sustainable practices in Pakistan. The CRISP Program and LIVAQUA Project are poised to make a positive impact on the country's social protection and economic sectors, ultimately benefiting both producers and consumers.