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World Bank suspends Balochistan Integrated Water Resource Management project

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  • World Bank suspends Balochistan Integrated Water Resource Management project
    Astola Island. Photo: Wikipedia

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The World Bank
The World Bank Group has two goals, to end extreme poverty and promote shared prosperity in a sustainable way
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The World Bank disclosed a 30-day suspension of the 'Balochistan Integrated Water Resource Management and Development Project', which was signed three years ago. 

The international organization has released a statement explaining that there has been a lack of progress in managing the project, disbursing funds, proceeding with the civil works, and fiduciary control. As a result, the World Bank has suspended the project and offered to work with the Government of Balochistan over the next thirty days to restructure the scope and governance arrangements to more realistically begin to deliver sustainable water management to the province.

The World Bank will continue to work with the Government on successfully implementing the wider program of support for the province. The World Bank currently has commitments of more than $250 million in Balochistan, with the main investments in education, health, governance and water. The overall World Bank portfolio in Pakistan has 40 projects with a commitment of $7.42 billion including investments of over $3 billion in water management, hydropower and irrigated agriculture.

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