Nepal: Poverty Alleviation Fund Project II (PAF II)

WASHINGTON, December 6, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

 

 

IDA Grant: US$100 million

Project Description: The objective of this project is to support the second phase of the Poverty Alleviation Fund (PAF), a community-driven development (CDD) program that has reached over 900,000 rural Nepalis over the last three years. Through income-generating activities and community infrastructure projects, it is designed to improve living conditions, livelihoods and empowerment among the rural poor, with particular attention to excluded groups by reasons of gender, ethnicity, caste, and location. PAF II will cover all 75 districts in the country, and be accessible to some one million rural households.

 

For more information please call

Erik Nora 202- 458-4735 or email enora@worldbank.org