World Bank unhappy over fund diversion from Balochistan
ISLAMABAD: Expressing serious displeasure over reputational challenges, the World Bank has warned that redirecting funds from a multi-billion-rupee resilient housing programme for the flood-affected population to infrastructure projects would further aggravate poverty in Balochistan. “Based on the socio-economic profile of the eligible household, the risk is not simply that households remain…
The World Bank has expressed serious concern over the diversion of funding from a multi-million-dollar housing program aimed at flood-affected communities in Balochistan. According to the bank, this move could exacerbate poverty and vulnerability in the region. The World Bank warns that by limiting the housing support to 62,966 households and subsidizing 97,000 others, 119,049 eligible households have been left without financial assistance.
The bank points out that these households are predominantly ultra-poor, with monthly incomes as low as $30 and many without any assets or formal credit. The bank emphasizes that the exclusion of these vulnerable groups could deepen poverty, disaster risks, and social tensions. The bank has also noted that 66,120 households have registered grievances regarding their exclusion from the program.
The World Bank stresses the importance of a transparent and credible grievance resolution process to mitigate legal, operational, and reputational risks.
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