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According to the Bank’s website, the objective of this project is to support the Government of Bangladesh to transition to green and climate resilient development by (a) enhancing public planning, financing, and delivery of green and climate resilient interventions; and (b) promoting key sector reforms for clean and resource efficient production and services.
The overall residual risk rating is high, driven by significant political and governance, macroeconomic, stakeholder, technical design, and institutional capacity risks. Macroeconomic risks to the achievement the PDO are heightened by ongoing safety and security concerns, uncertainty surrounding the next election, and vulnerabilities in the financial sector.
Stakeholder risks arise from potential resistance from interest groups to some reforms, particularly on fuel pricing, water tariffs, stricter environmental regulations, the environmental protection surcharge and the vehicle scrappage policy – some of them planned for the third DPC operation. Technical design and institutional capacity risks are substantial due to the complexity of policy actions and capacity gaps within implementing agencies. Risk mitigation includes strong government ownership of reforms, efforts to enhance stakeholder engagement, regulatory and enforcement capacity through investments and training, and additional interventions for compliance.
While political and governance risks are also high. Despite improvements in law and order and the efforts of the interim government to continue implementing the government’s functions until new elections, safety and security concerns persist, and there is still uncertainty on when and how the elections will take place. This could affect the implementation of prior actions and adoption of indicative triggers.
World Bank Lending: US$ 500.00 million
World Bank
Ana Luisa Gomes Lima
Senior Environmental Specialist
Souleymane Coulibaly
Lead Country Economist, Program Leader
Borrower/Client/Recipient
People's Republic of Bangladesh
Dr. Md Khairuzzaman Mozumder
Secretary of Finance
secretary@finance.gov.bd
Implementing Agencies
Finance Division, Ministry of Finance
Dr. Ziaul Abedin
Additional Secretary, Macroeconomic
ziaulabedin@outlook.com
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