Social Protection Development Project (Additional Financing) (ADB-45233-006)

Countries
  • Pakistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 11, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Pakistan
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 30, 2019

Disclosed by Bank Oct 7, 2019


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Project Description

According to the bank website, "The proposed additional financing will help the Government of Pakistan to scale up the ongoing project to continue support to the Benazir Income Support Program (BISP), the country's primary social protection program and one of the largest social protection programs in South Asia. The support will (i) enable disbursement of unconditional cash transfer (UCT) payments to eligible BISP beneficiaries against the backdrop of a difficult macroeconomic situation, and (ii) further improve the institution's capacity for financial management and control, and policy research, data analytics and intervention design."

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Responsible ADB Officer Laisiasa Tora
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies Benazir Income Support Program
TAHIR.NOOR@BISP.GOV.PK
F- Block, Pak Secretariat

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main