Development Partners/Donor Support

World Bank - Pakistan Social Safety Net Project

The World Bank’s Pakistan Social Safety Net Technical Assistance (SSN TA) Project is aimed at strengthening the administration and performance of the country’s safety net with a particular focus on the Benazir Income Support Program (BISP) as the national safety net platform. The project development objective is to enhance the operation and management of a nationwide effective and transparent safety net system for the poor in Pakistan. The original credit amount for the SSN TA Project is US $60 million. The project was approved on May 8, 2009 and became effective on August 4, 2009 with an expected closing date of July 31, 2013.

The additional financing for the Pakistan Social Safety Net Project worth US$150 million became effective from May 15, 2012. The additional financing was for the purpose of scaling up and restructuring the Project.

The expected closing date for the additional financing is June 30, 2016. The total Bank financing from International Development Association (IDA) comes up to US $150 million. With the additional financing, the revised project development objective is to support the expansion and strengthen the administration and performance of the country’s safety net with particular focus on the BISP program as the national safety net platform.

Asian Development Bank

The Accelerating Economic Transformation Program is a development policy loan agreement dated June 26, 2009 between Islamic Republic of Pakistan and Asian Development Bank (ADB). The Ministry of Finance was the Program Executing Agency and BISP was one of the Implementing agencies. The total loan amount was three hundred and fifty million dollars (US $350,000,000). US$150 million were allocated to BISP as part of the second sub-program of the main program cluster. BISP utilized these funds for its institutional strengthening and to provide cash grants and support poor and vulnerable families which qualified for cash benefits under the new BISP scorecard targeting method.

USAID

“Cash Transfer Grant” Agreement with respect to Emergency Supplemental Funding Between United States of America and the Islamic Republic of Pakistan A “Cash Transfer Grant” Agreement was signed on June 28, 2010 between the Islamic Republic of Pakistan, acting through Economic Affairs Division and the United States of America, acting through the United States Agency for International Development (USAID) The total amount of the grant/aid is $ 304,000,000 (three hundred and four million US dollars). Out of which BISP has received funds in two tranches US $ 85,000,000 in the first tranche and US $ 75,000,000 in the second.The objective of this cash grant is to strengthen BISP’s targeting system towards targeting the the poor and down trodden and providing them financial assistance through un-conditional cash grants.

MoU between Government of the UK (DFID, Pakistan) and the Government of Pakistan (Benazir Income Support Program, BISP)

A Memorandum of Understanding (MOU) was signed between the Government of Pakistan (Benazir Income support Program) and the Government of United Kingdom (Department of International Development DFID) for non budget financial aid on November 02,2012.The total amount of the grant/aid is £ 300,000,000 (three hundred million pounds sterling).The grant/aid is for 8 years starting from November, 2012 and ending in November 2020.The aim of this grant/aid is to support BISP in
i. Achieving its target of 7 million families with regular cash transfers by 2019/2020,
ii. Allowing poor families to smooth consumption and making modest improvements in returns to labor over time.
iii. Through this grant/aid, Government of the UK (DFID) Pakistan also committed to contribute towards enrolment of 7 million out-of-school children from the poorest of the poor BISP beneficiary families in primary schools by 2019/2020.

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