Appraisal Program Information Document (PID) (English)

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Table of Contents

• The World Bank 1
• The World Bank 2
• BASIC INFORMATION 2
• A. Basic Project Data 2
• Financing US Millions 2
• Maximizing Finance for Development 2
• Is this an MFD-Enabling Project MFD-EP 2
• Is this project Private Capital Enabling PCE 2
• SUMMARY 2
• Total Financing 500.00 2
• DETAILS 2
• Total World Bank Group Financing 500.00 2
• The World Bank 3
• B. Introduction and Context 3
• The Interim Government led by Nobel Laureate Dr. Muhammad Yunus assumed authority on August 8 2024 after former Prime Minister Sheikh Hasina resigned amidst a student-led mass uprising. 3
• Real Gross Domestic Product GDP growth is estimated to have decelerated to 5.2 percent in FY24. 3
• The Balance of Payment BoP deficit narrowed in FY24 led by a narrowing of the current account deficit. 3
• Real GDP growth is projected to decline to 4.0 percent in FY25 but could range between 3.2 and 5.2 percent. 3
• The World Bank 4
• Structural reforms are needed to accelerate growth over the medium term. 4
• This DPC series is aligned with the World Bank Group WBG Country Partnership Framework CPF FY23FY27 4
• The World Bank 5
• C. Proposed Development Objective PDO 5
• To enhance public planning financing and delivery of green and climate resilient intervention key results will be measured 5
• To promote key sector reforms for cleaner and more efficient production and services key results will be measured 5
• D. Project Description 5
• The GCRD Credits are framed in two Pillars. 5
• The World Bank 6
• E. Implementation 6
• The Ministry of Finance MoF is responsible for overall oversight and implementation of the operation. 6
• F. Poverty and Social Impacts and Environmental Forests and Other Natural Resource Aspects 6
• Overall the reforms are expected to have primarily neutral impacts on poor households and vulnerable groups in the short term with overall positive effects anticipated in the medium and long term. 6
• G. Risks and Mitigation 6
• The overall residual risk rating is high driven by significant political and governance macroeconomic stakeholder technical design and institutional capacity risks. 6
• The World Bank 7
• CONTACT POINT 7
• World Bank 7
• BorrowerClientRecipient 7
• Peoples Republic of Bangladesh 7
• Implementing Agencies 7
• Finance Division Ministry of Finance 7
• FOR MORE INFORMATION CONTACT 7
• The World Bank 8
• APPROVAL 8
• Approved By 8