World Bank okays $108m more financing for rural access, tourism projects in KP

The World Bank (WB) has recently approved additional financing for Pakistan, amounting to $108 million to execute two projects supporting access to social services, markets and jobs in Khyber Pakhtunkhwa (KP). The international lender also greenlit $78m in additional financing to Khyber Pakhtunkhwa Rural Accessibility Project (KPRAP) along with $30m to Khyber Pakhtunkhwa Integrated Tourism Development Project (Kite), enabling both projects to achieve their objectives in improving access to health and education services, markets and jobs in a way that strengthened resilience to natural disasters in the province. “By rehabilitating critical rural road infrastructure and enhancing disaster preparedness, KPRAP and Kite projects are not only improving access to essential services like health and education, but also fostering climate, economic resilience and creating job opportunities for local communities,” WB Country Director for Pakistan Najy Benhassine said in a news release on Tuesday.