According to AIIB website, the project aims to provide the Government of Bangladesh with budget support to mitigate the severe adverse social and economic impact of the COVID-19. Specifically, the program will help the government to support the worst-hit industries, including the export-oriented industries and SMEs and expand and strengthen its social safety net for the vulnerable groups.
Senior Investment Operations Specialist, AIIB
Raqib Ahmed Chowdhury
Investment Operations Specialist, AIIB
Principal Financial Sector Specialist, SARD, ADB
Md. Shahriar Kader Siddiky
Joint Secretary, Economic Relations Division
Ministry of Finance
ACCOUNTABILITY MECHANISM OF AIIB
In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.