By the middle of the current month, the World Bank will reorganize the $188 million “Pakistan Hydromet and Climate Services Project (PHCSP),” which has experienced major delays.
The project’s goal was to improve Pakistan’s public sector’s ability to provide accurate hydro-meteorological and disaster risk management services in a timely manner; nonetheless, the Bank has evaluated the project’s development as inadequate. According to the official documentation, the project’s overall implementation is likewise classified as inadequate, and the overall risk assessment is significant.
The materials mentioned severe delays in project implementation. The government of Pakistan requested the activation of the Contingent Emergency Response Component (CERC) to assist flood-affected communities in light of the unusually heavy monsoon rains and accompanying floods. To deliver cash-based transfers to 1.3 million households from the poorest 40% of the National Socio-Economic Registry, $150 million was redirected under this Project to CERC.
Through the Benazir Income Support Program (BISP), a one-time cash payment of Rs. 25,000 ($114) was issued to each qualified household to help them fulfil their immediate and basic requirements during this flood disaster, including as access to food, clean water, shelter, etc.
To read our blog on “World Bank will restructure Karachi’s competitive and livable city project to address post-flood needs” click here.