Given $100 million in new World Bank loan commitments, Nepal plans to broaden the scope of its poverty reduction program to cover a total of 55 districts. “We are developing a long-term plan and working to expand the program in additional 30 districts,” said Vice Chairman of the Poverty Alleviation Fund (PAF) Ram Prakash Yadav. At present, the PAF supports income generation and infrastructure development projects for over 100,000 poor households and excluded communities in 25 districts in Nepal. An expansion framework plan with institutional, technical and financial reviews for the PAF is already in place, and the government has finally appointed the members of its board after a year of vacant posts.
Source: World Bank aids Poverty Alleviation Fund in Nepal (Xinhua)