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LOANS & CREDITS

Pakistan: Second Punjab Irrigation Sector Development Policy Loan

June 7, 2007



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.


Media Contacts
Benjamin Crow
Tel : (202) 473 5105
bcrow@worldbank.org

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