» Helping Rural Families Get on a Sustainable Path Out of Poverty : World Bank

Oct 29, 2014 | News
Beginning with the poorest six districts in 2004, the Nepal Poverty Alleviation Fund (PAF) is now operating in 59 of the 75 districts in the country. The project has helped a total of 650,021 beneficiaries, of which approximately 74 percent are women, and 55 percent come from communities that traditionally have been marginalized or excluded by reasons of geography, caste, and ethnicity.

 

Poverty Alleviation Fund Directly Benefiting One Out of Every Ten Nepali

 

Beginning with the poorest six districts in 2004, the Nepal Poverty Alleviation Fund (PAF) is now operating in 59 of the 75 districts in the country. The project has helped a total of 650,021 beneficiaries, of which approximately 74 percent are women, and 55 percent come from communities that traditionally have been marginalized or excluded by reasons of geography, caste, and ethnicity.

In the early 2000s, a Maoist insurgency was at its peak and the county was struggling to break out of a trap of poverty, slow growth, poor governance, social exclusion, and deep inequalities. The national poverty rate in the country was estimated to be around 40 percent, and many attributed the insurgency to rural poverty and social inequalities. Much higher levels of poverty were noted in geographically remote regions and socially backward communities.

[Read more on worldbank.org]