Supporting Post-COVID-19 Small-Scale Employment Creation Project (ADB-54336-001)

  • South Asia
Geographic location where the impacts of the investment may be experienced.
  • Bangladesh
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
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."
Voting Date
Nov 17, 2021
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
People's Republic of Bangladesh
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Finance
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 150.90 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.
Primary Source

Original disclosure @ ADB website

Updated in EWS May 5, 2022

Disclosed by Bank Jul 6, 2021

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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 ADB documents, the proposed project is a financial intermediation loan for a line of credit of up to $150 million from the ordinary capital resources of the Asian Development Bank (ADB) to the Government of Bangladesh. The fund will be relent to Bangladesh Bank, the central bank, for on-lending to participating financial institutions (PFIs). The PFIs will lend the funds to micro and small enterprises started or operated by targeted vulnerable groups—unemployed youth, returning migrant workers, and rural entrepreneurs—with a focus on women entrepreneurs. The transaction technical assistance (TA) totaling $900,000 will help strengthen the institutional capacity of Bangladesh Bank and PFIs and will support the project implementation. The project is included in ADB’s Bangladesh country operations business plan, 2021–2023.1

The project’s impact is rapid recovery from coronavirus disease (COVID-19) pandemic to restore employment, income, and economic activities.2 The project will have the following outcome: adverse economic effects of COVID-19 on migrants, youth, and rural entrepreneurs mitigated. The project’s outputs are (i) financial support to enterprises started or operated by migrants, rural enterprises, and youth from the formal banking sector increased; (ii) capacity of employment- supporting institutions strengthened; and (iii) action plan for promoting formal banking sector support for cottage, micro, and small enterprises (CMSEs) developed.

The project will help enhance the productivity and skills of the workforce, and create gainful employment opportunities, all of which are priority areas in ADB's country partnership strategy, 2016-2020 for Bangladesh, and is included in the country operations business plan, 2020-2022. The project is well aligned with the operational priorities of ADB's Strategy 2030. The project will help alleviate poverty by creating employment opportunities and supporting entrepreneurship (Operational Priority 1). The project will help strengthen governance and the institutional capacity of several key institutions crucial for employment creation (Operational Priority 6) and support gender equality by incorporating gender elements by providing inclusive financing and gender-sensitive capacity-building activities (Operational Priority 2). Moreover, in line with ADB's Strategy 2030, the project will help promote private sector development. Given the severe challenge of COVID-19, the needs of the country in all these areas take on much increased urgency and the impact of ADB support is magnified.


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

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.
Responsible ADB Officer Zhang, Dongdong
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
Ministry of Finance
Mr. M. Khurshed Alamm
Economic Relations Division (ERD), MOF
Sher-e-Bangla Nagar, Dhaka_1207


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