Bangladesh: Institutional Support for Migrant Workers' Remittances

Sovereign Project | 42149-012 Status: Active

Summary

The objective of the proposed Project is to maximize the benefits, and reduce the risks of remittances in order to improve the welfare of migrant workers and their families, especially poor rural households.

Latest Project Documents

Consulting Notices See also: CMS

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Procurement Notices See also: Operational Procurement

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Procurement Documents


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Project Name Institutional Support for Migrant Workers' Remittances
Project Number 42149-012
Country Bangladesh
Project Status Active
Project Type / Modality of Assistance Grant
Source of Funding / Amount
Grant 9153-BAN: Institutional Support for Migrant Workers' Remittances
Japan Fund for Poverty Reduction US$ 2.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Partnerships
Sector / Subsector

Finance - Inclusive finance

Gender Equity and Mainstreaming Effective gender mainstreaming
Description The objective of the proposed Project is to maximize the benefits, and reduce the risks of remittances in order to improve the welfare of migrant workers and their families, especially poor rural households.
Project Rationale and Linkage to Country/Regional Strategy The objective of the proposed Project is to maximize the benefits, and reduce the risks of remittances in order to improve the welfare of migrant workers and their families, especially poor rural households by providing institutional support for the promotion of formal and semi-formal remittance services and other support services using the country?s well-established microfinance network. The proposed Project is in line with developing inclusive economic growth and empowerment of the poor in the Country Strategy for Bangladesh (2006-2010).
Impact Sustainable welfare improvement and poverty reduction of migrant workers' households

Project Outcome

Description of Outcome Increased use of formal remittance and investments by migrant workers and their households in project targeted areas
Progress Toward Outcome RTGS hardware and software installed, went live on 29 October 2015. The grant has been closed on 15 April 2016.
Implementation Progress
Description of Project Outputs

A. Remittance and Payment System Infrastructure Development

B. Remittance Information Dissemination and Awareness Creation

C. Enterprise Development Support for Migrant Workers' Households

Status of Implementation Progress (Outputs, Activities, and Issues)

A1) Real Time Gross Settlement (RTGS) developed and installed at BB.

RTGS went live on 29 October 2015.

A2) RTGS rules and guidelines developed.

RTGS rules and guidelines developed in Mid-September 2015.

A3) Consultations and seminars with commercial banks on use of RTGS.

First seminar held on 31 October 2015.

A4) RTGS operational.

RTGS operational on 29 October 2015.

B1) Information dissemination strategy in place by Q2 2011

Consultant recruitment was delayed. The final reports on strategy are in place.

B2) Leaflets, posters, booklets, and short films widely disseminated, and launch of

mass information dissemination program, by Q3 2011

Not achieved due to non-concurrence from Finance Division, Ministry of Finance to allow expenditure method (RPA/DPA)

C1) Provision of skills training to at least 12,000 returnee migrant workers' households, of which 60% are female heads of households and migrant workers' household members, by the end of 2013

Consultant prepared training module. No training was conducted due to non-concurrence from Finance Division, Ministry of Finance to allow expenditure method (RPA/DPA).

C2) Provision of enterprise development support to at least 12,000 migrant workers' households, of which 60% are female heads of households and migrant

workers' household members, by the end of 2013

Consultant prepared necessary strategy. No training was conducted due to non-concurrence from Finance Division, Ministry of Finance to allow expenditure method (RPA/DPA).

Geographical Location Bangladesh

Safeguard Categories

Environment C
Involuntary Resettlement C
Indigenous Peoples C

Summary of Environmental and Social Aspects

Environmental Aspects No negative environmental issues are expected.
Involuntary Resettlement No involuntarry resettlement issues are expected.
Indigenous Peoples The real-time gross settlement system will make the fastest possible money transfer system through the banking channel of migrant workers including indigenous peoples.
Stakeholder Communication, Participation, and Consultation
During Project Design tbd
During Project Implementation tbd

Business Opportunities

Consulting Services Consultants will be recruited according to ADB's Guidelines on the Use of Consultants (2010, as amended from time to time).
Procurement All procurement under the Japan Fund for Poverty Reduction (JFPR) grant will conform to ADB's Procurement Guidelines (2010, as amended from time to time).

Responsible Staff

Responsible ADB Officer Md. Alam
Responsible ADB Department South Asia Department
Responsible ADB Division Bangladesh Resident Mission
Executing Agencies
Ministry of Finance
Economic Relations Division (ERD), MOF
Sher-e-Bangla Nagar, Dhaka_1207
Bangladesh

Timetable

Concept Clearance 19 May 2008
Fact Finding 07 Jul 2008 to 17 Jul 2008
MRM -
Approval 18 Jan 2011
Last Review Mission -
PDS Creation Date 20 Jun 2008
Last PDS Update 11 Sep 2016

Grant 9153-BAN

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
18 Jan 2011 18 Jan 2012 18 Jan 2012 18 Jan 2015 15 Apr 2016 -
Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 2.00 Cumulative Contract Awards
ADB 0.00 18 Jan 2011 0.00 1.85 93%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 2.00 18 Jan 2011 0.00 1.79 89%
Status of Covenants
Category Sector Safeguards Social Financial Economic Others
Rating Satisfactory - - Satisfactory - Satisfactory

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.


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