{"id":9359,"date":"2023-01-16T14:44:30","date_gmt":"2023-01-16T09:44:30","guid":{"rendered":"https:\/\/propakistani.pk\/proproperty\/?p=9359"},"modified":"2023-01-17T12:52:54","modified_gmt":"2023-01-17T07:52:54","slug":"wb-diverts-615mn-from-ongoing-projects-to-aid-flood-stricken-pakistan","status":"publish","type":"post","link":"https:\/\/propakistani.pk\/proproperty\/wb-diverts-615mn-from-ongoing-projects-to-aid-flood-stricken-pakistan\/","title":{"rendered":"WB Diverts $615Mn from Ongoing Projects to Aid Flood-Stricken Pakistan"},"content":{"rendered":"<p>ISLAMABAD: The World Bank has reallocated $615 million from current projects that were progressing slowly to aid in the rehabilitation and reconstruction of flood-affected areas in Pakistan.<\/p>\n<p>This action was taken due to the multiple issues preventing the effective use of these funds by Pakistan.<\/p>\n<p>Additionally, the WB has pledged to contribute $2 billion towards relief, rehabilitation, and reconstruction activities in areas affected by floods in Pakistan.<\/p>\n<p>This money was not a new grant, but rather was being diverted from ongoing slow-moving projects that the World Bank was considering canceling due to implementation delays.<\/p>\n<div style=\"clear:both; margin-top:0em; margin-bottom:1em;\"><a href=\"https:\/\/propakistani.pk\/proproperty\/world-bank-to-give-loan-of-500-million-for-houses-reconctruction\/\" target=\"_blank\" rel=\"dofollow\" class=\"uee8d0ed3ca81157ea786af2764aa81d6\"><style> .uee8d0ed3ca81157ea786af2764aa81d6 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#2C3E50; border:0!important; border-left:4px solid #F1C40F!important; text-decoration:none; } .uee8d0ed3ca81157ea786af2764aa81d6:active, .uee8d0ed3ca81157ea786af2764aa81d6:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .uee8d0ed3ca81157ea786af2764aa81d6 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .uee8d0ed3ca81157ea786af2764aa81d6 .ctaText { font-weight:bold; color:#F1C40F; text-decoration:none; font-size: 16px; } .uee8d0ed3ca81157ea786af2764aa81d6 .postTitle { color:#eaeaea; text-decoration: underline!important; font-size: 16px; } .uee8d0ed3ca81157ea786af2764aa81d6:hover .postTitle { text-decoration: underline!important; } <\/style><div style=\"padding-left:1em; padding-right:1em;\"><span class=\"ctaText\">ALSO READ<\/span>&nbsp; <span class=\"postTitle\">World Bank to Give Loan of $500 Million for Houses Reconctruction<\/span><\/div><\/a><\/div>\n<p>As per the details, $615 million of this pledge will be repurposed from existing projects for immediate relief and reconstruction, with $357 million going towards cash transfers, procurement of tents, emergency needs, and small urgent rehabilitation works, and $258 million being mobilized for reconstruction.<\/p>\n<p>The World Bank made this announcement during the Climate Resilient Pakistan Conference which was held in Geneva on 9<sup>th<\/sup> January.<\/p>\n<p>The World Bank also plans to approve new projects in Balochistan, Khyber-Pakhtunkhwa, and Punjab to bring additional resources to support reconstruction across all affected districts of the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The World Bank has reallocated $615 million from current projects that were progressing slowly to aid in the rehabilitation and reconstruction of flood-affected areas in Pakistan. This action was taken due to the multiple issues preventing the effective use of these funds by Pakistan. Additionally, the WB has pledged to contribute $2 billion towards relief, rehabilitation, and reconstruction activities in areas affected by floods in Pakistan. This money was\u2026<\/p>\n","protected":false},"author":2,"featured_media":9367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-9359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"img_urls":{"thumbnail":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/01\/world-bank.jpg",1000,560,false],"medium":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/01\/world-bank.jpg",1000,560,false],"full":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/01\/world-bank.jpg",1000,560,false]},"author_name":"Nazzir Zaidi","categories_name":["News"],"title_text":"WB Diverts $615Mn from Ongoing Projects to Aid Flood-Stricken Pakistan","related_stories":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts?filter&per_page=4&categories=5&exclude=9359","_links":{"self":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/9359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/comments?post=9359"}],"version-history":[{"count":0,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/9359\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media\/9367"}],"wp:attachment":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media?parent=9359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/categories?post=9359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/tags?post=9359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}