Cabinet approves IDA loan

The Cabinet ratified on Tuesday during the weekly sitting chaired by Premier Ali Mujawar a grant agreement worth 6.6 million special drawing rights (SDR) signed with the International Development Authority (IDA) for funding the institutional support project of the Social Fund for Development.
 
The project aims to increase the shares of the poor families among the beneficiaries of the the cash project and contribute to building the human capital of the beneficiaries from the Social Fund for Development in target areas.

The grant will be allocated for three main parts: the first is for improving the cash program aiming to provide goods, consultancy, training, additional operational costs for boosting targeting, management and administrative operations of the program through a strategy focused on fighting poverty as well as measures for supervising and evaluating the performance of the fund.
 
The second part involves preparing and presenting the beneficiary development program through a set of practices in raising awareness among beneficiaries from the fund in three governorates as well as conducting surveys in the experimental areas.
 
The third part involves providing goods, consultancy, training and additional operational costs for the project support team to build the capacity of the staff and supporting coordination, execution, supervision and evaluation of the project’s management.

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