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World Bank Projects Food Insecure People to Rise to 7.2 Million in Flood Hit Areas of Pakistan

admin-augaf by admin-augaf
October 21, 2022
in Business, Finance
Reading Time: 2 mins read
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World Bank to provide $850 Million for Pakistan’s Flood Relief Efforts
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Islamabad October 21 2022: Because of recent floods and torrential rains in most parts of Pakistan, the number of acute food-insecure people in 28 highly vulnerable districts in Balochistan, Khyber Pakhtunkhwa, and Sindh is expected to increase from 4.7 million in April to June 2022 to 7.2 million in December 2022 to March 2023.

The Wolrld Bank’s latest ‘Food Security Update’ said that monsoon rains since June 2022 (67 percent above normal levels) and outpourings from glacial lakes have caused widespread flash flooding and landslides in Pakistan.

One-third of the land in Pakistan has been inundated, and it might take months for the water to recede, especially along the Indus River, the report added.

The most-food-insecure provinces of Balochistan and Sindh in southern and central Pakistan have been most affected. As of September 30, 1,696 people have been killed, and 33 million people (of whom 27 percent are in Balochistan and 43 percent in Sindh) are affected in 84 districts, with water-borne diseases such as diarrhea and malaria spreading rapidly.

In addition, floods have killed more than 11,63,008 heads of livestock (of which 43 percent in Balochistan, 37 percent are in Sindh, and 18 percent are in Punjab), potentially damaged 9.4 million acres of crop land (of which half in Sindh), and destroyed 13,098 km of roads and 440 bridges.

This large-scale destruction of crops, livestock, and food stocks put immediate upward pressure on food prices; year-on-year food inflation in September 2022 for food prices was 30.8 percent, and prices of all major staple crops increased.

The expected difficulties in preparing for the next planting seasons are additional burdens on the already dire food security situation caused by the heatwave in May, high inflation, high global commodity prices, and foreign currency shortages.

The Update added that the food inflation in Pakistan has also increased significantly. The food inflation rose from 8.3% in October 2021 and 15.3% in March 2022 to 31.7% in September 2022.

Tags: World Bank
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