Value for Money Modeling for Scaling up Nature-Based Solutionsfor Improving Integrated Water Resources Management andEnhanced Water Security in Pakistan

Abstract

This paper is about the Value for Money (VfM) analysis conducted for the Water Resource
Accountability (WRAP) Project, which comprehensively evaluates the project’s economic
efficiency, effectiveness, equity, and overall impact. The WRAP implements to undertake
demonstrations of Nature-based Solutions (NbS), including Ecosystem-based Adaptation
(EbA) interventions that will improve water security and governance, build resilience to
climate change of communities at the target sites in Gilgit-Baltistan (GB) and Khyber
Pakhtunkhwa (KP), and enable the government and relevant stakeholders to implement and
replicate NbS in Pakistan for building climate change resilience. The Paper is based on
primary and secondary data collected using a well-structured interview schedule, focus group
discussion, and other verified reports. The excel-based model was used for analysis, and a
step-by-step and structured framework was used to conduct a VfM assessment. VFM estimates
showed a favorable BCR across various interventions, with standout results like the Gabion
check weirs and protection bunds (Gabion Bund) intervention achieving an impressive BCR of
3.50. These findings reaffirm the project’s ability to deliver substantial benefits while efficiently
utilizing resources, making it a prudent investment in water resource management and naturebased solutions. WRAP’s equity analysis promotes inclusivity and fairness, particularly among
vulnerable populations. While the project made significant strides in involving women in
water-efficient practices, there is room for enhancing inclusiveness for lower-income and
disabled populations. Recommendations emphasize setting specified targets for various
populace categories to bolster the project’s social impact further