Pakistan: Second Punjab Irrigation Sector Development Policy Loan

WASHINGTON, June 7, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

 

IBRD Loan: US$100 million

TERMS: Grace Period= 8 years; Maturity= 20 years

OBJECTIVE: The objective of this loan is to support reforms designed to improve management and maintenance of the irrigation system to ensure its long-term physical and financial sustainability. A well-maintained irrigation system is critical to ensure that the tail-end users get their water entitlements. Irrigation is a critical factor for Pakistan’s economy. About 80 percent of the arable land and 90 percent of agricultural output are entirely dependent on irrigation, making this a critical sector for rural development and poverty alleviation.

 

For more information, please call Benjamin Crow at (202) 473 5105 or email:

bcrow@worldbank.org

For more project information, please visit:

http://www.worldbank.org.pk/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=293052&menuPK=293085&Projectid=P102333