Bangladesh: Water Resilience and Climate-Smart Urban Service Delivery Program (Subprogram 1) (AIIB-000978)

Countries
  • Bangladesh
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
People's Republic of Bangladesh, Masuma Akter
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS Nov 9, 2026

Disclosed by Bank Aug 28, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank's website, the proposed project aims to support Bangladesh in implementing critical policy and institutional reforms to promote sustainable, climate-smart urban service delivery and water resilience. The program supports the Government of Bangladesh (GoB) in undertaking key policy and institutional reforms to integrate climate adaptation, mitigation, and disaster resilience into climate-critical urban and water sectors and unlock climate investments in these sectors. The program is expected to include the following Reform Areas (RAs):

(i)    RA1: Project Planning, Preparation and Appraisal for Climate Investments;

(ii)   RA2: Climate-Smart Urban Service Delivery and Development; and

(iii)  RA3: Water Security and Resilience to Climate-related Disasters.

The program is structured as a programmatic series of two subprograms. Subprogram 1 (SP1) prioritizes immediate policy and institutional reforms under each RA, aligned with the short-term priorities of the member-led national climate plans, including the National Adaptation Plan 2023–2050 (NAP) and the Nationally Determined Contributions 2025 Update (NDC), with a particular focus on the urban and water sectors. Subprogram 2 (SP2) is expected to build on and deepen the reforms initiated under SP1. The GoB has requested AIIB financing of USD400 million for SP1. The Program will be processed as a standalone CPBF operation, with the loan proceeds disbursed in a single tranche upon the effectiveness of the Loan Agreement.  

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Total Program (SP1) Cost: USD400 million

 

Indicative Financing Plan: AIIB: USD400 million 


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Project Team Leader: Sangmoo Kim 

Title: Senior Investment Officer 

Email: sangmoo.kim@aiib.org 

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

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