International Development Association (IDA) will provide $300 million for "Third Pakistan Poverty Alleviation Fund Project", which will be designed to reduce poverty and empower both the poor and poorest of the poor by providing savings support, financial and physical assets, information, skills and opportunities for development, and strengthen inclusive and accountable community organisations.
According to project update report of World Bank, the Third Pakistan Poverty Alleviation Fund Project will focus on increased inclusion of the poorest of the poor and women in community organisations and their heightened participation in all community and civic decision making processes.
World Bank report revealed that a significant addition for the proposed PPAF III project will be a stronger focus than previous operations on the most vulnerable and the poorest households.
This will be achieved by the adoption of a more participatory and integrated approach that combines strong targeting mechanisms that effectively identifies the extreme poor; and the building of inclusive institutions of the poor with enhanced investments in sustainable livelihood opportunities. These investments will range from skill enhancement, micro-credit, improved access and linkages to markets and local government, community managed grants for social & productive infrastructure.
WB report revealed that the proposed "Third Pakistan Poverty Alleviation Fund Project" concept is based on PPAF's experience and learning of eight years of multi-sector service delivery to the poor. During these eight years, PPAF has adhered to the basic principles of prudence, transparency, efficiency and effectiveness and maintaining its role as an apex institution. Innovation and flexibility will remain PPAF's underlying approach in the next phase.