January 05, 2024 (MLN): The Central Development Working Party (CDWP) approved a development project with a cost of Rs45.69 million and recommended three projects worth Rs358.81 billion to the Executive Committee of the National Economic Council (ECNEC) for further consideration, said a press release issued yesterday.
The CDWP meeting was presided over by Deputy Chairman Planning Commission Mohammad Jehanzeb Khan.
Projects related to Education, Physical Planning & Housing sectors were considered in the meeting.
Three projects related to Education presented in the meeting namely "Getting Results Access and Delivery of Quality Education Services (GRADES) Punjab project" worth Rs42.75bn recommended to ECNEC for further consideration.
The GRADES project aims to consolidate Punjab’s response to the learning losses accumulated during the Covid-19 pandemic, which have been a major setback for progress in Punjab’s education indicators.
While Punjab responded on various fronts with SOPs, a reduced curriculum, re-enrollment campaigns, remote learning opportunities, maintaining education budgets and other measures, the losses are still visible in macro-indicators.
The total amount of funding will be provided by the World Bank through a loan, with $96.88m provided on project mode and $53.12m through Performance Based Conditions(PBC).
The Education Sector's second project, the "Sindh Basic Education Program," valued at Rs20.06bn, has been recommended to ECNEC for consideration.
This initiative is stated to be funded through foreign sources, with an approximate foreign grant of $154.98m from USAID (equivalent to around Rs19.19bn), and a contribution of Rs870m (approximately $10m) from the Government of Sindh.
During the meeting, another project in the Education Sector, titled "Capacity Building of Education Managers (CBEM) (second revised)," with a value of Rs45.69m, was approved by the CDWP forum after detail discussion.
A project related to Physical Planning & Housing presented in the meeting namely “Flood Response Emergency Housing Project (revised)” worth Rs296bn recommended to ECNEC for consideration.
The Government of Sind will contribute counterpart share of Rs50bn, where World Bank loan financing would be $500m equivalent to Rs140bn.
Islamic Development Bank via Islamic Financing arrangements are $200m equivalent to Rs56bn.
The project aims to support the flood affected people in all districts of the Sind in the reconstruction & repairs of their houses.
The original project with the assistance of the World Bank and Government of Sind with the implementation period of 36 months.
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Posted on: 2024-01-05T09:55:46+05:00
