Bangladesh : Sustainable Economic Recovery Program (Subprogram 1)
The proposed Sustainable Economic Recovery Program is a policy-based loan (PBL) to help the Government of Bangladesh implement urgent reforms for rapid economic recovery from the coronavirus disease (COVID-19) pandemic by creating: (i) fiscal space to support critical public expenditure, and (ii) a favorable environment to foster the growth of cottage, micro, small and medium-sized enterprises (CMSMEs), and thereby generate employment, one of the core agendas of the Eighth Five Year Plan, 20212025. The program supports Asian Development Bank (ADB) Strategy 2030 operational priority 1, addressing remaining poverty and reducing inequalities; operational priority 2, accelerating progress in gender equality; and operational priority 6, strengthening governance and institutional capacity. A programmatic approach will finance two subprograms for $250 million each to be implemented during 20212023, enabling some flexibility in aligning policy actions with the changing macroeconomic situation.
Project Details
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Project Officer
Rahman, Aminur
Sectors Group
Request for information -
Country/Economy
Bangladesh -
Sector
- Public sector management
Related Projects
Project Name | Sustainable Economic Recovery Program (Subprogram 1) | ||||||||||||||||
Project Number | 54307-001 | ||||||||||||||||
Country / Economy | Bangladesh |
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Project Status | Active | ||||||||||||||||
Project Type / Modality of Assistance | Loan Technical Assistance |
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Source of Funding / Amount |
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Operational Priorities | OP1: Addressing remaining poverty and reducing inequalities OP2: Accelerating progress in gender equality OP6: Strengthening governance and institutional capacity |
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Sector / Subsector | Public sector management / Public expenditure and fiscal management |
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Gender | Effective gender mainstreaming | ||||||||||||||||
Description | The proposed Sustainable Economic Recovery Program is a policy-based loan (PBL) to help the Government of Bangladesh implement urgent reforms for rapid economic recovery from the coronavirus disease (COVID-19) pandemic by creating: (i) fiscal space to support critical public expenditure, and (ii) a favorable environment to foster the growth of cottage, micro, small and medium-sized enterprises (CMSMEs), and thereby generate employment, one of the core agendas of the Eighth Five Year Plan, 20212025. The program supports Asian Development Bank (ADB) Strategy 2030 operational priority 1, addressing remaining poverty and reducing inequalities; operational priority 2, accelerating progress in gender equality; and operational priority 6, strengthening governance and institutional capacity. A programmatic approach will finance two subprograms for $250 million each to be implemented during 20212023, enabling some flexibility in aligning policy actions with the changing macroeconomic situation. | ||||||||||||||||
Project Rationale and Linkage to Country/Regional Strategy | Due to the economic, social and fiscal impact of the pandemic, the PBL aims to strengthen public financial management systems and reform and support CMSME recovery and growth. | ||||||||||||||||
Impact |
Project Outcome | |
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Description of Outcome | |
Progress Toward Outcome | |
Implementation Progress | |
Description of Project Outputs | |
Status of Implementation Progress (Outputs, Activities, and Issues) | |
Geographical Location | Nation-wide |
Safeguard Categories | |
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Environment | C |
Involuntary Resettlement | C |
Indigenous Peoples | C |
Summary of Environmental and Social Aspects | |
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Environmental Aspects | |
Involuntary Resettlement | |
Indigenous Peoples | |
Stakeholder Communication, Participation, and Consultation | |
During Project Design | |
During Project Implementation |
Business Opportunities | |
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Consulting Services | About 30 person-months of staff and 5 person-months of staff consultant resources are required. The proposed transaction TA will provide consultant resources to support government's efforts to implement second subprogram policy actions. |
Procurement | na |
Responsible ADB Officer | Rahman, Aminur |
Responsible ADB Department | Sectors Group |
Responsible ADB Division | Public Sector Management and Governance Sector Office (SG-PSMG) |
Executing Agencies |
Finance Division, MOF (EA) |
Timetable | |
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Concept Clearance | 21 Apr 2021 |
Fact Finding | 15 Jun 2021 to 15 Jul 2021 |
MRM | 11 Aug 2021 |
Approval | 24 Sep 2021 |
Last Review Mission | - |
Last PDS Update | 23 Dec 2022 |
Loan 4115-BAN
Milestones | |||||
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Approval | Signing Date | Effectivity Date | Closing | ||
Original | Revised | Actual | |||
24 Sep 2021 | 04 Oct 2021 | 18 Oct 2021 | 31 Dec 2021 | - | 31 Dec 2021 |
Financing Plan | Loan Utilization | ||||
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Total (Amount in US$ million) | Date | ADB | Others | Net Percentage | |
Project Cost | 250.00 | Cumulative Contract Awards | |||
ADB | 250.00 | 09 Sep 2023 | 250.00 | 0.00 | 100% |
Counterpart | 0.00 | Cumulative Disbursements | |||
Cofinancing | 0.00 | 09 Sep 2023 | 250.00 | 0.00 | 100% |
TA 6774-BAN
Milestones | |||||
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Approval | Signing Date | Effectivity Date | Closing | ||
Original | Revised | Actual | |||
24 Sep 2021 | 18 Oct 2021 | 18 Oct 2021 | 30 Jun 2024 | - | - |
Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
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ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
Gov | Beneficiaries | Project Sponsor | Others | |||||
500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 500,000.00 | 09 Sep 2023 | 26,664.05 |
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 Access to Information Policy (AIP) 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 |
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Loan Agreement (Ordinary Operations) for Loan 4115-BAN: Sustainable Economic Recovery Program (Subprogram 1) | Loan Agreement (Ordinary Resources) | Oct 2021 |
Sustainable Economic Recovery Program (Subprogram 1): Report and Recommendation of the President | Reports and Recommendations of the President | Sep 2021 |
Supporting the Sustainable Economic Recovery Program (Subprogram 1): Technical Assistance Report | Technical Assistance Reports | Sep 2021 |
Sustainable Economic Recovery Program (Subprogram 1): Concept Paper | Concept Papers | Apr 2021 |
Sustainable Economic Recovery Program (Subprogram 1): Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Apr 2021 |
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.
Title | Document Type | Document Date |
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Sustainable Economic Recovery Program (Subprogram 1): Environmental Due Diligence Report | Safeguards Due Diligence Reports | May 2021 |
Sustainable Economic Recovery Program (Subprogram 1): Social Safeguards Due Diligence Report | Safeguards Due Diligence Reports | May 2021 |
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
ADB Approves $250 Million Loan for Bangladesh Economic Recovery Program
The Asian Development Bank has approved a $250 million policy-based loan to support Bangladesh’s economic recovery following the COVID-19 pandemic.
Tenders
Contracts Awarded
Procurement Plan
None currently available.