Gates foundation signs MOU with Pakistan to reduce poverty
NEW YORK: The Gates Foundation has on Wednesday has pledged $200 million to Pakistan’s Ehsaas program.
The Gates called on Prime Minister Imran Khan in New York and discussed the poverty alleviation project. “Ehsaas is the biggest anti-poverty project, it has been planned with a great deal of attention to detail. I’m pleased that the Bill & Melinda Gates Foundation will assist with a range of activities,” said the premier.
During the meeting, PM Khan also expressed his commitment to putting measures in place to end polio once and for all.
The Gates Foundation has planned to donate around $200 million in Pakistan in 2020. A Memorandum of Understanding was signed by the Pakistani government and the foundation in support of the Ehsaas program to alleviate poverty in Pakistan.
The Ehsaas program is a government’s step aimed at reducing inequality, investing in people, and lifting falling behind districts. The Ehsaas National Poverty Graduation Initiative has three major parts: interest-free loans, vocational and skills training, and asset transfers. It also has three distinguishing components, consolidation of resources, synergy through partnerships, and a focus on governance.