THE World Bank’s Board of Executive Directors has approved a U$300 million loan to provide additional funding for the Philippines’ Pantawid Pamilyang Pilipino Program (4Ps). In a statement on Friday, World Bank said the new funding would finance cash transfers to poor families for a period of two
THE World Bank’s Board of Executive Directors has approved a U$300 million loan to provide additional funding for the Philippines’ Pantawid Pamilyang Pilipino Program .
In a statement on Friday, World Bank said the new funding would finance cash transfers to poor families for a period of two years, as well as help combat malnutrition and promote early childhood development. The amount will also be used to provide technical assistance to the Philippine government to help strengthen implementation and impact, including more efficient payment systems, monitoring and evaluation, and family development sessions.
“This additional financing shows the World Bank’s continuing commitment to the country’s social protection program as it grows with greater sophistication to tackle a broader array of development concerns, including child malnutrition,” said Mara K. Warwick,“Since 2008, the 4Ps has promoted safer birth deliveries and has improved poor children’s access to educational and health services.
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