Prevalence of Social Funds
In 2007 Social Funds existed in more than 45 countries, predominantly in poorer and smaller developing countries that receive significant official development assistance. However, a Social Fund also exists in Romania, a country that has recently joined the EU, as well as in many other Eastern European countries. Probably the largest Social Fund is the Pakistan Poverty Alleviation Fund (PPAF) with a resource base of US$ 500 million. Social Funds have channeled close to US$ 5 billion of World Bank funding in Africa alone between 1999 and 2005 and have channeled more than ten billion dollars from all donors and governments' own resources over the past 20 years.
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