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Pakistan requests WB to support it’s ‘Hybrid Social Protection Scheme’.

The Pakistani government has requested the World Bank for a loan of $600 million to roll out an innovative hybrid social protection scheme to support its aspirations around risk mitigation and financial inclusion among the poor and informal workers.

The scheme will blend social assistance with social risk mitigation elements to help reduce the vulnerability of the missing middle to shocks under the ‘Pakistan Crisis-Resilient Social Protection’ programme, according to a new World Bank document released on Saturday.

The World Bank document says that the programme will support the enhancement of the social protection delivery systems, including the social registry and biometric payments system, to increase the ability of the social protection system overall to adapt to the needs of the target population during both crisis and normal times.

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