Pakistan wins World Bank US $ 188 mln funding for first nature-based solution project

ISLAMABAD, Jun 1 (APP):Advisor to the Prime Minister, Malik Amin on Monday said the incumbent government is taking all-out measures for overall environmental protection through forest regeneration and biodiversity conservation programmes and boosting country’s climate-resilience through enhanced disaster risk management.
Addressing a signing ceremony of the five-year ‘Pakistan Hydromet and Ecosystem Restoration Services project’ worth Rs. US $ 188 agreement, he said, under the agreement, the World Bank would join hands with Pakistan for providing funding and technical support to latter’s disaster resilience and ecosystem restoration initiatives.
More reliable and timely weather forecasting, improved disaster risk management services as well as overall environmental sustainability and achieving green growth targets of the country would be ensured through this initiative, said a news release.
The advisor highlighted, “This is the first time that Pakistan has succeeded to win hefty funding of US $ 188 million for an ambitious five-year project that aims to address environmental degradation, deforestation, climate change-caused disaster risks in the country through nature-based solutions such as increasing forest cover, strengthening hydro-meteorological forecasting for effective delivery of disaster risk management services.”
Explaining about the Green Economic Stimulus, Malik Amin said it supported the objectives of 10 Billion Tree Tsunami Afforestation Project, which was aimed at bolstering plantations, setting up of nurseries, natural forests, and promotion of honey, fruits and olive plantation in Pakistan.
Under the package, a ‘Green Nigehabaan’ initiative would also be launched to provide thousands of job opportunities to youth and daily-wagers in the first phase by making them a part of the plantation campaign.
He said that the current COVID-19 pandemic situation has brought a new set of challenges for Pakistan like many other countries, including social, political and even to human survival.
As a result, it has become increasingly challenging to sustain the livelihoods of millions of people, while putting in place effective safety measures.
A recent assessment indicates that up to 19 million people could be laid off due to the lockdown situation, bringing extreme challenges for the government to ensure economic survival of the communities, Malik Amin Aslam cautioned.
“But the Government of Pakistan has very ably utilized the situation to ensure economic sustenance of people and converting the challenge into an opportunity through now what is the world-acclaimed Green Stimulus initiative, which has been approved by the Prime Minister Imran Khan as a part of his government’s efforts
for ensuring economic security in the wake of the Coronavirus pandemic,” he emphasised.
Malik Amin also said that the Government of Pakistan has converted this into an opportunity by launching the Green Stimulus Package to support the 10 Billion Tsunami Afforestation Project, which is promoting forestry sector by engaging workforce for raising plantations and other conservation related activities all over the country.
He further mentioned that the Green Economic Stimulus also promoted the Clean and Green Pakistan Movement, which adopted a holistic approach and aimed at reducing and alleviating pollution of air, ground and water.
World Bank’s Country Director to Pakistan, Illango Patchamuthu, said that World Bank has been always instrumental in supporting Pakistan for overcoming environmental and climate change related challenges and this new project is reflection of that commitment of his organisation.
“However, we hope this new initiative will take Pakistan’s climate-resilience and disaster management capabilities to new height through furtherance of bilateral relations between government of Pakistan and the World Bank,” he said.
Meanwhile, Secretary, Ministry of Climate Change, Naheed Shah Durrani said the new project, funded by the World Bank, would go a long way to boost Pakistan’s climate resilience and make country’s response to the disasters more effective.
“We at the ministry will leave no stone unturned to provide all-out support to the project of unprecedented significance in all possible means for its successful implementation.”
Secretary Aviation Division Hasan Nasir Jami also pledged to join the project to improve hydro-meteorological forecasting capabilities and use funding support for investment in metrological technology-related advancement.
Representatives of the National Disaster Management Authority and Pakistan Disaster Risk Management Fund were also in attendance and spoke to the ceremony.