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 Name||Institutional Support for Migrant Workers' Remittances|
|Project Type / Modality of Assistance||Grant
|Source of Funding / Amount||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Governance and capacity development
|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|
|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.|
|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).
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|
|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 ADB Officer||Alam, Nazmul|
|Responsible ADB Department||South Asia Department|
|Responsible ADB Division||Bangladesh Resident Mission|
Ministry of Finance
Economic Relations Division (ERD), MOF
Sher-e-Bangla Nagar, Dhaka_1207
|Concept Clearance||19 May 2008|
|Fact Finding||07 Jul 2008 to 17 Jul 2008|
|Approval||18 Jan 2011|
|Last Review Mission||-|
|PDS Creation Date||20 Jun 2008|
|Last PDS Update||11 Sep 2016|
|Approval||Signing Date||Effectivity Date||Closing|
|18 Jan 2011||18 Jan 2012||18 Jan 2012||18 Jan 2015||15 Apr 2016||12 Sep 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||1.79||89%|
|Cofinancing||2.00||18 Jan 2011||0.00||1.79||89%|
|Status of Covenants|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
|Title||Document Type||Document Date|
|Institutional Support for Migrant Workers' Remittances||Procurement Plans||Mar 2014|
|Institutional Support for Migrant Workers' Remittances||Grant Assistance Reports||Dec 2010|
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
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None currently available.
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