The program seeks comprehensive and sustained interventions that consider gender and cultural factors that constitute barriers to access opportunities and resources in order to help break the cycle of poverty. According to the Household Survey Multipurpose (MPHS) May 2012, two out of three households live in poverty and nearly half in extreme poverty.
The executing agency will be the Family Allowance Program (PRAF), a decentralized agency of the Ministry of the Presidency. The IDB financing consists of US$70 million from the ordinary capital, with a 30-year term, a grace period of 5.5 years and an interest rate based on LIBOR, and US$30 million from the Fund for Special Operations, with a 40-year term and grace period and 0.25 percent interest. Local counterpart funds total US$10 million. (6/3/13)