Islamabad: The Italy government has announced its decision to collaborate with the Pakistan Poverty Alleviation Fund (PPAF) and invest 40 million euros in various youth, health and education development initiatives, according to news sources.
Italian Ambassador Stefano Pontecovero made a statement in this regard, at the closing ceremony of PPAF, Italian Agency Development Cooperation in Pakistan (IADCP) and Luiss Business Schools’ poverty reduction training sessions.
The ambassador remarked the 65% of Pakistan’s population was under 35 years of age and that the country had immense potential for growth. He said that Italy hoped to contribute more the youth-related initiatives and empower the country’s future.
IADCP Director Emanuela Benini said that these training would contribute to the sustainable development (increase in income and production capacity) of these provinces.
PPAF lauded these efforts and opined that all stakeholder; including academia, non-profit organisations and governments, needed to join forces to bring a sustainable change. The PPAF’s poverty reduction imitative runs in 14 districts with the collaboration of 17 partner firms.
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