Nepal: Poverty Alleviation Fund Project

WASHINGTON, November 14, 2006 - The following project was approved today by the World Bank’s Board of Executive Directors:

 

IDA GRANT: US$25 million

PROJECT DESCRIPTION: The goal of the additional financing for the Poverty Alleviation Fund (PAF) Project is to support new infrastructure, employment and income-generating opportunities, and enhance the capacity of local governments to provide better services in poor communities. The project builds on the original grant of US$15 million, approved by the World Bank on June 1, 2004. The additional financing will allow the PAF, which currently operates in six of the country’s poorest districts, to scale up project activities to 19 more poor districts. This would allow PAF to cover all of the poorest one-third of Nepal’s 75 districts.

 

For project details, please call Erik Nora (202) 458-4735 or email enora@worldbank.org

For more project information, please visit:

http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P080819