WB approves $35 million for development of water resources
ISLAMABAD: The World Bank has approved an additional financing of $35 million to support improved management, planning and development of water resources in the Indus River Basin in Pakistan with better environmental and social considerations.
According to a press release issued on Tuesday, the additional financing from the World Bank will help enhance the government’s capacity to address basin level management of Indus water resources, including support to climate-change adaptation and mitigation measures. Pakistan was among the most affected countries by climate change as its water, food and energy security is largely dependent on its glacial resources located in the Himalaya-Karakoram range.
The original Water Sector Capacity Building and Advisory Services Project (WCAP) with $38 million World Bank support contributed substantially to the improvement of water resources management in the Indus River system.
World Bank Pakistan Director Patchamuthu Illangovan said, “Water sector issues are enormous and complex and addressing them will require a strategic engagement over the medium and long term.”
Task team leader of the project Javaid Afzal said, “The additional financing will be used among other things to upgrade hydraulic research laboratories to provide state of the art physical and numerical modeling facilities to strengthen overall capacity in improved water resources management.”