Original disclosure @ ADB website
Updated in EWS Aug 12, 2021
Disclosed by Bank Apr 21, 2021
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According to ADB, 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, 2021 2025.
Due to the economic, social, and fiscal impact of the pandemic, this loan aims to strengthen public financial management systems and reform and support CMSME recovery and growth.
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 from 2021 to 2023, enabling some flexibility in aligning policy actions with the changing macroeconomic situation.
|Responsible ADB Officer||Janardanam, Srinivasan|
|Responsible ADB Department||South Asia Department|
|Responsible ADB Division||Public Management, Financial Sector and Trade Division, SARD|
|Executing Agencies||Ministry of Finance
Economic Relations Division (ERD), MOF
Sher-e-Bangla Nagar, Dhaka_1207
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.adb.org/forms/request-information-form
ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.