World Bank unhappy over diversion of funds from Balochistan flood housing programme
https://www.dawn.com/news/2022053
The World Bank has expressed serious concern over the diversion of funds from a multi-billion-rupee resilient housing programme for flood-affected people in Balochistan to infrastructure projects. This decision risks exacerbating poverty in the region, as 84% of eligible beneficiaries are ultra-poor and vulnerable, with many earning less than $30 per month or being tenants and daily-wage laborers.
According to the bank, 119,049 verified and eligible households have been left without identified financing support, leading to 66,120 exclusion-related grievances. The World Bank warns that capping the housing support and redirecting funds could create a compounding cycle of vulnerability, deepening poverty, raising disaster risk, and undermining long-term recovery and resilience.
The bank stresses the importance of a credible and transparent grievance resolution process to mitigate legal, operational, and reputational risks associated with the closure of the component.
Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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