{"id":420879,"date":"2024-07-27T09:17:43","date_gmt":"2024-07-27T04:17:43","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=420879"},"modified":"2024-07-27T09:17:43","modified_gmt":"2024-07-27T04:17:43","slug":"adb-approves-400m-loan-for-pakistan","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/adb-approves-400m-loan-for-pakistan\/","title":{"rendered":"ADB approves $400m loan for Pakistan"},"content":{"rendered":"<p>Flood rehabilitation<br \/>\nProject will rehabilitate flood-damaged houses and community infrastructure and support livelihood recovery<br \/>\nMANILA<br \/>\nThe Asian Development Bank (ADB) today approved a $400 million concessional loan to support the reconstruction of houses and community infrastructure in Sindh damaged by the devastating floods in 2022.<br \/>\nThe Sindh Emergency Housing Reconstruction Project will rehabilitate flood-damaged houses and community infrastructure and support livelihood recovery, with a focus on strengthening communities\u2019 resilience against climate change-induced natural hazards.<br \/>\nThis project is a key part of ADB\u2019s multifaceted response to Pakistan\u2019s flood crisis and forms part of the bank\u2019s commitment to provide $1.5 billion in total assistance from 2023 to 2025 to accelerate the country\u2019s flood recovery.<br \/>\n\u201cThis project will help rebuild homes and communities, and restore livelihood and basic services in Sindh, the province most affected by the devastating 2022 floods,\u201d said ADB Director General for Central and West Asia Yevgeniy Zhukov.<br \/>\n\u201cIt is part of ADB\u2019s extensive support to help Pakistan recover from the disaster which affected 33 million people and damaged houses and infrastructure across the nation.\u201d<br \/>\nSindh sustained about 83% of the total housing damage inflicted by the 2022 floods, with around 2.1 million houses either fully destroyed or damaged.<br \/>\nTwo years on, many victims still reside in inadequate, temporary shelters lacking essential services such as water, sanitation, and electricity.<br \/>\nThe project will support conditional cash grants for the reconstruction of 250,000 houses with multi-hazard resilient and environment-responsive designs.<br \/>\nIt will also support community-driven construction of infrastructure such as drinking water facilities, sanitation facilities, covered drainage, and renewable energy solutions for 100,000 households in around 1,000 flood-damaged villages in Sindh.<br \/>\nThe project will also support conditional cash grants for livestock, agriculture, small enterprises, and e-commerce.<br \/>\n\u201cADB\u2019s support will not only help Pakistan build back better, but it will also promote community-led climate resilience and disaster risk management strategies to better prepare for future hazards,\u201d said ADB Director for Water and Urban Development Srinivas Sampath.<br \/>\n\u201cWe are coordinating closely with other development partners to support the government\u2019s recovery and reconstruction priorities.\u201d<br \/>\nThe project supports the government\u2019s resilient rehabilitation, reconstruction, and recovery strategy (4RF) and will follow an integrated and sequential approach so that investments across sectors complement each other.<br \/>\nA $500,000 technical assistance grant will further support the government\u2019s operational capabilities in procurement, safeguard compliance, and technical and financial management.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flood rehabilitation Project will rehabilitate flood-damaged houses and community infrastructure and support livelihood recovery MANILA The Asian Development Bank (ADB) today approved a $400 million concessional loan to support the reconstruction of houses and community infrastructure in Sindh damaged by the devastating floods in 2022. The Sindh Emergency Housing Reconstruction Project will rehabilitate flood-damaged houses [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":420841,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-420879","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ADB approves $400m loan for Pakistan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/adb-approves-400m-loan-for-pakistan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB approves $400m loan for Pakistan\" \/>\n<meta property=\"og:description\" content=\"Flood rehabilitation Project will rehabilitate flood-damaged houses and community infrastructure and support livelihood recovery MANILA The Asian Development Bank (ADB) today approved a $400 million concessional loan to support the reconstruction of houses and community infrastructure in Sindh damaged by the devastating floods in 2022. 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