The executive directors of the World Bank have approved $600 million credit for the Crisis-Resilient Social Protection Program (CRISP) of the International Development Association (IDA) .
The approval has been given to expand Pakistan’s economy and Ehsaas Programme.
According to the World Bank Country Director for Pakistan, Najy Benhassine, the Crisis-Resilient Social Protection Program will aid the South Asian country’s Ehsaas, the national poverty alleviation program and the economic crisis generated amid covid-19 pandemic.
“It will help millions of families across Pakistan who face hardships particularly those working in the informal sector, who have no savings or are not covered by existing social safety net programs”, said Najy Benhassine.
The Ehsaas Program is an initiative taken by Prime Minister (PM) Imran Khan for poverty alleviation.