The
Pakistan Poverty Alleviation Fund (PPAF) represents an innovative
model of public private partnership. Incorporated under section
42 of the companies act 1984 it follows the regulatory requirements
of the Securities and Exchange Commission of Pakistan.
Sponsored by the Government of Pakistan and funded by the World
Bank and other leading donors the PPAF has on June 26, 2008
a resource base of US$ 1,030.17 million (Rs. 61,810.2 million).
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As the lead Apex institution of the country wholesaling funds
to civil society organizations, the PPAF forms partnerships on
the basis of rigorous criteria. Before finalizing partnerships
the PPAF ensures that the partners have well targeted community
outreach programs that are committed to enhancing the economic
welfare and income of the disadvantaged peoples.
The
TARGET POPULATION for the project are poor rural and urban communities,
with specific emphasis being placed on gender and empowerment
of women. Benefits accrue directly to the vulnerable through income
generation, improved physical and social infrastructure, and training
and skill development support.
There
are several UNIQUE FEATURES of the PPAF, the three most significant
features are:
The establishment of an indigenous autonomous Apex institution
with resource backed capability of providing financial and
non-financial support to civil society organizations on a
long-term basis.
A model public/private sector partnership with the role of
government as an enabling facilitator, and predominant role
of private sector professionals for policy, strategy, and
management.
A dedicated market developer committed to the emergence of
professional and sustainable civil society organizations.
