Islamabad, March 26, IRNA -- Pakistan Monday signed an agreement with the World Bank amounting to 150 million US dollars as Additional Financing for Social Safety Net Project, the Finance Ministry said.
The objective of the project is to support the expansion and strengthen the administration and performance of Pakistan’s safety net, a statement said.
The project will have a particular focus on a programme of giving monthly cash money to very poor people across the country. The programme is named after the slain Prime Minister Benazir Bhutto.
The project consists of establishing a National Targeting System and expanding Coverage for the Basic Safety Net System, strengthening Safety Net Operations, enhancing the Management, Accountability and Evaluation and developing the Social Protection Policy.
The agreement was signed by Pakistan Secretary, Economic Affairs Division, Dr. Waqar Masood Khan, on behalf of the Government of Pakistan and Country Director, Mr. Rachid Benmessaoud, on behalf of the World Bank.
