ISLAMABAD – Asian Development Bank approved a big loan for Pakistan povertyalleviation Programme.
The Asian Development Bank (ADB) on Monday approved a $200 million loan asadditional financing to support the Benazir Income Support Programme (BISP).
A press statementlinkissuedby the Manila-based lending agency noted that an ADB-financed SocialProtection Development Project, approved in 2013, had enabled theenrollment of over 855,000 beneficiaries of the BISP.
“The additional financing would continue to support cash transfers as wellas help BISP implement institutional strengthening measures,” said ADBCentral and West Asia Director (Public Management) Tariq Niazi.
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“Social protection programmes like the BISP are crucial to ensure that thepoorest segments of the population do not go further into poverty,especially at a time when the country is facing difficult macroeconomicchallenges.”
