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BISP tremendously supported by WB, USAID, ADP, DFID: Economic Survey

June 3, 2014

Benazir Income Support Programme (BISP) received a tremendous support from the World Bank, USAID, ADB and DFID, said the Economic Survey issued here on Monday.

According to details, World Bank through its organization, International Development Association (IDA) has already disbursed a credit of SDR 100.3 million (equivalent to $155 million) and two other programmes are under implementation.

This include a US$ 60 million to BISP for the ”Pakistan Social Safety Net Technical Assistance Project“.

The implementation period of the TA is August, 2009 to June 30, 2016.

Under the TA, the WB supported the design of poverty scorecard, survey of all households in Pakistan and associated activities.

After successful implementation, the WB has agreed for additional financing of US$ 150 million for the Pakistan Social Safety Net Project to launch a Co-responsibility cash transfer (Waseela-e-Taleem) programme for the primary education of the children of BISP beneficiaries.

A budgetary support of US$ 160 million was provided to BISP as grant by the USAID, for payment of cash benefits to the beneficiaries identified under the new poverty scorecard system. This amount was fully consumed by January, 2012.

USAID commissioned a 3rd party assessment of BISP beneficiaries.

The report shows that 98.7 per cent beneficiaries of BISP received their monthly cash transfers.

Asian Development Bank in June, 2009, provided an amount of US$ 150 million to the Ministry of Finance under the ADB-funded ”Accelerating Economic Transformation Programme“ (AETP), specifically for use by BISP to make cash transfers to beneficiaries identified through the new targeting system. BISP has fully disbursed the entire amount to its beneficiaries.

ADB has signed a project for another $ 430.0 million for Social Protection Development Project for BISP. This five years financial assistance would be available to BISP, from December, 2013 upto June 30, 2019.

DFID is one of the major supporters of BISP’s initial activities (test phase targeting survey, process evaluation and spot checks etc.) through the Trust Fund managed by the World Bank.

DFID is providing a grant of Å“ 279.0 million (equivalent to $ 469.0 million) to BISP for the Co-responsibility Cash Transfer (CCT) programme for primary education of the children of BISP beneficiaries. Implementation period is upto June 30, 2020.

IMF in their 3rd Review have re-affirmed their commitment to continue their support to poor and most vulnerable segment of the population and expressed satisfaction in achieving the indicative targets for transfer payment.

The government is committed to reach about 5.25 million poor families by June, 2014. The coverage will be expanded through stepped-up outreach efforts with the target of reaching an additional 0.6 million by end June, 2015.

The payment mechanism would be shifted to competitively select e-banking option which would reduce cost and improve beneficiary services.

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Source: Balochistan Times (Pakistan)

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