World Bank upgrades BISP ranking after it ‘overachieves’ targets

ISLAMABAD: World Bank has upgraded ranking of Benazir Income Support Program (BISP) after it ‘overachieved’ its targets.

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In a letter to secretary BISP, World Bank appreciated BISP’s progress towards achievement of its goals. Recently concluded Joint Implementation Support Mission in its report highlighted that all the targets meted out to BISP have been achieved rather some being overachieved.

The report further stated that all 19 Disbursement Link Indicators (DLIs) have been successfully achieved and remaining funds against the last achieved DLI would be disbursed in the current month.

Acknowledging BISP as Pakistan’s flagship Social Safety Net Program the mission upgraded the progress towards achieving the Development Objective as ‘Highly Satisfactory’ while the rating of the project management has been upgraded to ‘Satisfactory’.

BISP since its inception has emerged as one of the best social safety nets in the world catering to the 5.3 million poor families all across Pakistan. United Kingdom’s Department for International Development (DFID) was also part of the mission. The mission held its review of the Program in Islamabad from 5th -9th September 2016.

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World Bank upgrades BISP ranking after it ‘overachieves’ targets

by Web Desk