On Monday, Pakistan and Germany inked a Regional Infrastructure Fund (Phase-II) agreement, as part of which the German government would contribute 17.5 million euros to Khyber Pakhtunkhwa (KP) for a variety of development projects.
The Regional Infrastructure Fund – II for Khyber Pakhtunkhwa for Resilient Resource Management in Cities (RRMiC) project was signed at the Ministry of Economic Affairs, according to the Economic Affairs Division, where Sebastian Jacobi, the country director for the German Bank for Development (kfW), and Mian Asad Hayaud Din, the secretary of the ministry, did so.
KfW Development Bank will assist the KP administration with investments in community infrastructure, enhancements to capacity and service delivery, citizen involvement and equity, and consultant and contingency services in two districts of KP province using money supplied by the German government. In a few selected tehsil towns, an integrated, multisectoral, resilient, and sustainable approach to solid waste and water management will be implemented.
It should be remembered that since the establishment of the German Federal Ministry for Economic Cooperation and Development (BMZ) in 1961, Pakistan has benefited from German development assistance. Since 1961, €3.8 billion has been spent on development aid, which includes both technical and financial cooperation.
According to Sebastian Jacobi, Country Director for KfW, these initiatives will have a beneficial influence on the lives of the deserving people in the nation and will lessen the difficulties brought on by poverty and damage to the infrastructure as a result of natural disasters.
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