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World Bank approves new funding for Philippines' social safety net

Staff writer |
The World Bank approved a new financing package to support the continued implementation of the Pantawid Pamilya, the Philippines' conditional cash transfer (CCT) program.

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The $450-million Social Welfare Development and Reform Project II (SWDRP2) will contribute to the government's financing of health and education grants for CCT beneficiaries nationwide from 2016 to 2019, covering about 7 percent of the total cost of the program's implementation.

Pantawid Pamilya is a social safety net program that helps ensure children grow up healthy and stay in school. Under the program, poor pregnant mothers receive regular health checks.

By targeting poor and vulnerable households, the program also helps protect them from the impact of economic shocks, natural disasters and other crises. It currently benefits more than 4 million poor families with 11 million children.

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