Strengthening Social Resilience Program (Subprogram 1) (ADB-55041-001)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • 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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
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
Jun 18, 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.
Borrower
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.
Sectors
  • Education and Health
  • Law and Government
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)
$ 250.12 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)
$ 250.00 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.
Grant Amount (USD)
$ 1.20 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
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 12, 2021

Disclosed by Bank Mar 24, 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 the bank document, the proposed program aims to support the Government of Bangladesh to strengthen social resilience of people in Bangladesh. It is consistent with the country partnership strategy for Bangladesh, 2016 2020 (priority investment areas of improving human capital through social programs and improving rural livelihoods) and the Asian Development Bank (ADB) Strategy 2030 (operational priority 1, operational priority 2, and operational priority 6).

The rationale of this project is to provide for social protection interventions to the poor in Bangladesh who have been made more vulnerable to the pandemic. The bank states that the government intends to leverage the COVID-19 pandemic as an opportunity to strengthen its social protection programs as an essential means of building the resilience of the poor; supporting inclusive recovery; and working toward faster, sustainable, and resilient development.

The program provides holistic support to the institutional and policy reforms that will improve the inclusiveness and responsiveness of social development. It defines three reform areas to tackle the cross-sector issues of social development: (i) reform the social protection system by improving its coverage and efficiency, (ii) ease the policy constraints on financial inclusion, and (iii) transform social protection by broadening its scope.

The policy actions are sequenced to allow the optimal phasing of reforms. Subprogram 1 supports the establishment of the national policy frameworks and the removal of technical and administrative constraints that make the social protection system inefficient. Building on this, subprogram 2 will focus on improving the administrative efficiency of the system and on strengthening its response to the diversified social and health needs of the people in Bangladesh.

The outcome will be improved inclusiveness and responsiveness of social development. The program has three reform areas: (i) coverage and efficiency of social protection improved, (ii) financial inclusion of disadvantaged people improved, and (iii) response to life cycle social and health needs strengthened.

ENVIRONMENT AND SOCIAL INFORMATION
 
The bank states that the due diligence identified no environmental, involuntary resettlement, and indigenous people impacts as defined by the safeguards assessment matrix of ADB’s Safeguard Policy Statement (2009). It also states that the policy actions will not lead to adverse environmental and social impacts. The program will support policy actions that will improve the inclusiveness and responsiveness of social development in Bangladesh. Thus, the program is categorized C for environmental, involuntary resettlement, and indigenous people safeguards. Investment activities prohibited under the Safeguard Policy Statement will be excluded.

 

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 Al Hasan, Mohammad Rashed
Responsible ADB Department South Asia Department
Responsible ADB Division Human and Social Development Division, SARD
Executing Agencies
Finance Division, Ministry of Finance
MONWARA@ERD.GOV.BD
Bangladesh Secretariat, Dhaka-1000
Bangladesh

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.

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