According to the Bank’s website, the objective of this project is to help the Government of Bangladesh (GoB) implement critical structural reforms to mainstream climate change adaptation and mitigation actions for a sustainable, resilient and inclusive growth.

The proposed Program will support the GoB undertake key policy reforms to mainstream climate adaptation, mitigation, and disaster resilience in critical sectors and unlock climate investments in Bangladesh. The Program supports implementation of the GoB-led national climate objectives as articulated in the National Adaptation Plan (NAP), 2023-2050 and the Nationally Determined Contributions 2021 update (NDC-U) by strengthening the intergovernmental policy and institutional framework, mobilizing climate finance, and mainstreaming gender equality and social inclusion (GESI). The Program will include three policy Reform Areas (RAs): (i) enabling environment for climate change actions; (ii) reinforcing climate change adaptation actions; and (iii) accelerating climate change mitigation actions to address some of the critical binding constraints.

E&S Categorization and Risks. Based on the E&S assessments carried out according to the SPS requirements, ADB has categorized the Program as B for Environment, C for Involuntary Resettlement and C for Indigenous Peoples, which are equivalent to Category B of AIIB’s ESP.

Total Program cost: USD800 million
Indicative financing plan: Asian Infrastructure Investment Bank (AIIB): USD400 million (50 percent); Asian Development
Bank (ADB): USD400 million (50 percent)

PROJECT TEAM LEADER

Asian Development Bank

Aminur Rahman

Principal Public Management Economist, SAPF, SARD

amrahman@adb.org

BORROWER

IMPLEMENTING ENTITY

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html