World Bank Myanmar Supports Cash for Work and Emergency Village Revolving Fund Schemes as Part of Covid-19 Response

NCDDP

In July 2020 the World Bank activated the Contingent Emergency Response Component (CERC) of the US$480 million Bank-supported National Community Driven Development Project to assist the Government in its response to the COVID-19 pandemic.

Through the reallocation of US$110 million from NCDDP the Department of Rural Development is currently supporting 390,000 beneficiary households (42% female participants) in more than 2,500 villages under a cash-for-work (CfW) scheme to provide emergency wage transfer to vulnerable households, and more than 1,700 villages through an emergency village revolving fund (EVRF) to support farmers and rural producers affected by COVID-19.

To date, under the CfW scheme approximately MMK 15 billion in wages have been paid to vulnerable households, while the EVRF has approved 134,816 revolving loans, and released MMK 41.1 billion to borrowers. DRD will provide a second round of support to an estimated 4,800 CfW villages and 700 EVRF villages in the upcoming 2020-21 Government budget year.

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မြန်မာ ဘာသာဖြင့် ဖတ်ရှုရန် - https://cdd.drdmyanmar.org/mm/news-55475