Bangladesh: Bangladesh Sustainable Economic Recovery Program (Subprogram 1) (AIIB-000528)

  • 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 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
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 21, 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
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment 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.
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.
Primary Source

Original disclosure @ AIIB website

Updated in EWS May 5, 2022

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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 AIIB, the objective of this investment is to help the Government of Bangladesh implement policy reforms to accelerate economic recovery from the COVID-19 pandemic. This proposes Program (Sub-program 1) is a policy-based financing that will focus on: (i)  enhancing fiscal space through improved public financial management (PFM) for revenue and public expenditure, and (ii) enabling environment to foster the growth of cottage, micro, small and medium-sized enterprises (CSME) and associated employment, in line with initiatives of country's Eighth Five Year Plan, 2021-2025. This investment is to be supported under AIIB's COVID-19 Crisis Recovery Facility (the Facility) and co-financed with the Asian Development Bank (ADB).

The proposed Program will be co-financed with ADB as the lead co-financier. To ensure a harmonized approach to addressing environmental and social (ES) aspects of the Program, as permitted by AIIB’s ESP, ADB’s SPS will apply to the Program in lieu of AIIB’s ESP. The Bank has reviewed ADB’s SPS and is satisfied that: (i) ADB’s SPS is consistent with the Bank’s Articles of Agreement and materially consistent with the provisions of the Bank’s ESP; and (ii) the monitoring procedures that are in place are appropriate for the Program.

The Program is expected to benefit all citizens of Bangladesh, including poor and vulnerable groups unemployed because of COVID-19 and underserved segments of the market, including CSMEs. The poor and vulnerable groups are anticipated to be benefited through improved targeting of the delivery of social safety nets. The Program is also likely to enhance gender equality and women’s empowerment through access to credit from the formal banking channels and participation in the decision-making process.

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.


1. Asian Infrastructure Investment Bank

Sangmoo Kim

Senior Investment Operations Specialist


2. Asian Development Bank

Srinivasan Janardanam

Principal Financial Management Specialist



Md. Shahriar Kader Siddiky

Joint Secretary & Wing Chief (Asia, JEC, F&F),
Economic Relations Division (ERD)
Ministry of Finance



You can submit an information request for project information at:


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:

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:

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How it works