ISLAMABAD: The World Bank has started the process to approve a loan of $200 million for an agricultural project in Punjab that will enhance equitable access to, and productivity, agricultural water, and improve the incomes of farmers.

The ‘Punjab Resilient and Inclusive Agriculture Transformation’ project, likely to be approved next week, will support four components financed through an investment project financing instrument with $262 million, $200m from the International Development Association (IDA) and $62m mobilised from local beneficiaries.

According to a World Bank document made available to Dawn on Saturday, the project will have a transformational impact on Punjab’s agriculture sector, by reducing inequality of water access, introducing improved and climate-smart on-farm-water-management technologies, and promoting value addition and market integration.

Published in Dawn, July 3rd, 2022