IDA Grant: US$7.5 million equivalent Project ID: P113421 WASHINGTON, October 15, 2009 - The World Bank’s Board of Executive Directors today approved the following project: Project Description: The Pension Administration and Safety Net Project aims to improve the administration of the country’s public pension program and pilot a social safety net program as a first step toward developing a sustainable approach to safety nets in the country. The project is designed to improve the administrative capacity of the public pension system to ensure the effectiveness of a reformed pension scheme for public sector employees. It will also develop a policy framework for safety nets, and on that basis implement a pilot safety net program for needy households, with subsequent proposal for a scaled up national approach. Media Contact Erik Nora (202) 458-4735 enora@worldbank.org For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P113421 |
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