21 °C Prince George's County, US
February 16, 2020

WFP to Spend $423 Million to Support Economic, Social Development in Pakistan

The World Food Programme will spend $422.78 million for supporting economic and social development projects in Pakistan and meeting emergency food needs arising from natural disasters and emergency conditions.

A Memorandum of Understanding was signed to this effect in Islamabad between the government of Pakistan and the WFP.

WFP had spent $676 million during 2013-15 on social and economic development in Pakistan, out of which Pakistan contributed 455,000 tons of wheat valued at $172 million for distribution among Temporarily Displaced Persons (TDPs) affected by the military operations in the tribal region and floods.

The MoU signed on Dec. 30 will cover projects for the next three years, starting January 1, 2016, according to an official announcement.

“WFP Pakistan’s project (2016-2018) “Transition: Towards Resilient and Food Secure Pakistan” is aligned with national and international frameworks which support advances in the state of food security and nutrition in Pakistan,” the WFP country director said.

“This project will enable WFP to maintain assistance to returning and dislocated populations, address needs to improve food and nutrition security while simultaneously working alongside the government in the framework of disaster risk reduction, capacity enhancement and technical assistance.”

Related articles

ADB to Sign Financing Accord with Pakistan For Highway Project

The Asian Development Bank (ADB) will provide additional financing for a Motorway project in Pakistan and an agreement would be signed during the visit of the Vice President of the Bank beginning June 15. ADB’s Country’s Director Warner Liepach met Pakistan’s Finance Minister Ishaq Dar in Islamabad and briefed the minister about the engagement of […]

ADB to Provide $300 Million Loan to Improve Public Sector Enterprises

The Asian Development Bank (ABD) will provide a loan of $300 million to Pakistan to help the government improve the performance of public sector enterprises which are causing loss of billions of rupees to the national exchequer. The loan agreement signed recently in Islamabad will cover the second phase of the Public Sector Enterprises Reform […]