Pakistan: Social Safety Net Development Policy Credit

WASHINGTON, September 10, 2009 - The World Bank’s Board of Executive Directors today approved the following project:

 

IDA Credit: US$200 million

Terms: Maturity = 35 years; Grace Period = 10 years

Project ID: P115638

 

Project Description: The Social Safety Net Development Policy Credit is designed to establish an institutional and operational framework for an efficient national safety net system. This policy credit—jointly with the Pakistan Social Safety Net Technical Assistance Project approved in June 2009—will strengthen the Benazir Income Support Program, the government’s new national safety net program that aims to cushion the negative effects of the food crisis and inflation on poor people.

 

Media Contact

Erik Nora

(202) 458-4735

enora@worldbank.org 

 

For more project information, please visit: 

http://www.worldbank.org.pk/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=293052&menuPK=293085&Projectid=P115638