Pakistan

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Program Data Sheet 391-005 USAID PROGRAM: Pakistan PROGRAM TITLE: Cash Transfer (Pillar: Economic Growth, Agriculture, and Trade) STRATEGIC OBJECTIVE AND NUMBER: Emergency Economic Assistance to Pakistan, 391-005 STATUS: New PLANNED FY 2002 OBLIGATION AND FUNDING SOURCE: $600,000,000 ERF; $2,500,000 ESF PROPOSED FY 2003 OBLIGATION AND FUNDING SOURCE: $200,000,000 ESF INITIAL OBLIGATION: FY 2002      ESTIMATED COMPLETION DATE: FY 2003 Summary: The overall goal of U.S. assistance to Pakistan is to support peace in South Asia. The Government of Pakistan’s political and economic stability continues to be important to U.S. foreign policy objectives in the South Asia. Inputs, Outputs, and Activities: FY 2002 Program: In FY 2002, USAID provided a total grant of $600,000,000 to the Government of Pakistan as balance of payments and budget support under PL 107-38, the Emergency Supplemental Appropriations Act for Recovery from and Response to Terrorist Attacks on the United States. The overall goal of U.S. assistance is to support the Government of Pakistan during this time of economic hardship that has resulted from its support to the international war on terrorism. The budget support was provided through a cash transfer agreement, and will help the Government of Pakistan sustain robust social spending for specific education, health, and employment-creation programs. The aftermath of the September 11, 2001 events in the United States and the Government of Pakistan’s overt support to the United States in its efforts to destroy the Al Qaeda international terrorist network have had a tremendous economic impact on Pakistan. Based on recent projections from the International Monetary Fund, Pakistan will face a reduction in foreign exchange earnings by approximately $2.5 billion this year alone. This drop in revenue has severely impacted the Government of Pakistan’s budget, particularly its ability to sustain spending in key social development areas like health, education, and the construction of critical local infrastructure (rural farm-to-market roads, small-scale irrigation, and potable water systems). FY 2003 Program: In FY 2003, USAID plans to provide $200,000,000 to the Government of Pakistan. SUBMISSION OF THIS PROGRAM DATA SHEET CONSTITUTES FORMAL RENOTIFICATION OF USAID’S INTENT TO OBLIGATE FY 2002 FUNDS FOR THE ACTIVITIES DESCRIBED ABOVE. Performance and Results: The FY 2002 funds were provided as a cash transfer. These funds were used by the Government of Pakistan to meet critical foreign exchange needs, either for debt repayment or for the importation of acceptable U.S. goods and services. The availability of U.S. dollars to meet these costs enabled the Government of Pakistan to reallocate domestic resources within its budget to specific poverty reduction and social development activities. Principal Contractors, Grantees, or Agencies: None. US Financing in Thousands of Dollars 391-005 Emergency Economic Assistance to Pakistan ESF Through September 30, 2000 Obligations 0 Expenditures 0 Unliquidated 0 Fiscal Year 2001 Obligations 0 Expenditures 0 Through September 30, 2001 Obligations 0 Expenditures 0 Unliquidated 0 Prior Year Unobligated Funds Obligations 600,000 Planned Fiscal Year 2002 NOA Obligations 2,500 Total Planned Fiscal Year 2002 Obligations 602,500 Proposed Fiscal Year 2003 NOA Obligations 200,000 Future Obligations 0 Est. Total Cost 802,500

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