The Asian Development Bank (ADB) has approved a $400 million concessional loan to help rebuild houses and community infrastructure in Sindh, Pakistan, following the devastating floods in 2022. The floods, triggered by monsoon rains, affected over 33 million people, causing significant damage and displacing millions.
The loan will support the Sindh Emergency Housing Reconstruction Project, focusing on rehabilitating flood-damaged houses and infrastructure, as well as supporting livelihoods and strengthening resilience against climate change-induced hazards. The project aims to reconstruct 250,000 houses with resilient designs, along with infrastructure for drinking water, sanitation, and renewable energy solutions for 100,000 households.
ADB’s support is part of a larger commitment to provide $1.5 billion in total assistance to accelerate Pakistan’s flood recovery. The project will also provide grants for livestock, agriculture, small businesses, and e-commerce to aid in the region’s recovery.
This initiative signifies ADB’s dedication to rebuilding communities, restoring livelihoods, and promoting climate resilience in the region most affected by the floods. The bank’s efforts aim to not only rebuild but also to prepare for future disasters and ensure a sustainable and inclusive recovery.\
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