Lahore: The Asian Development Bank (ADB) has authorised a results-based funding programme worth $603 million in Pakistan to enhance and extend social protection programmes.

According to an ADB statement released on Wednesday, the initiative would support the execution of Ehsaas, Pakistan’s national social protection and poverty reduction policy, through conditional cash transfers.

Read More: Ehsaas extra budget of Rs26.5 billion approved

ADB Director General (DG) for Central and West Asia Yevgeniy Zhukov commented on the development, saying that the initiative represents a significant shift in ADB’s strategic engagement in Pakistan’s social protection area, in accordance with Ehsaas aims.

The programme contributes to the Ehsaas goal of increasing cash transfers to improve access to primary and secondary education up to grade 10 for children and adolescents from low-income families, particularly girls, as well as improving health and nutrition services for women, adolescent girls, and poor children.

It also aims to expand coverage of accelerated learning programmes at the primary school level for out-of-school children who are above the age of 18.

Read More: ADB approves USD 600 million for Ehsaas Programme

In addition, the initiative helps Pakistan’s social protection programmes enhance their execution and fiduciary capability. This would expand on earlier ADB support to strengthen internal controls by improving grievance redress, risk management, financial management, procurement, monitoring and evaluation, and management information systems.

Stay tuned with Tajarat Property for more updates or information about the top-notch real estate projects like Blue World City & Bahria Town Karachi 2.