Document of The World Bank Group FOR OFFICIAL USE ONLY Report No. 141189-BD INTERNATIONAL DEVELOPMENT ASSOCIATION INTERNATIONAL FINANCE CORPORATION MULTILATERAL INVESTMENT GUARANTEE AGENCY PERFORMANCE AND LEARNING REVIEW OF THE COUNTRY PARTNERSHIP FRAMEWORK FOR BANGLADESH FOR THE PERIOD FY16-FY20 [January 7, 2020] Bangladesh Country Management Unit South Asia Region The International Finance Corporation South Asia Department The Multilateral Investment Guarantee Agency Asia and the Pacific Region This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank Group authorization. i The date of the last Country Partnership Framework FY16-20 was April 5, 2016 FISCAL YEAR July 1 – June 30 CURRENCY EQUIVALENTS (Exchange Rate Effective December 11, 2019) Currency Unit = Bangladeshi Taka (Tk) US$ 1 = Tk 84.90 ABBREVIATIONS AND ACRONYMS AL Awami League JCAP Joint Capital Market Development ASA Advisory Services and Analytics MFD Maximize Financing for Development BETF Bank-Executed Trust Fund MIGA Multilateral Investment Guarantee Agency CPF Country Partnership Framework PaCT Partnership for Cleaner Textile CPSD Country Private Sector Diagnostic PECE Primary Education Completion Exam DA Designated Account PforR Program-For-Results DP Development Partner PFM Public Financial Management DPC Development Policy Credit PLR Performance and Learning Review DPP Development Project Proposal PPP Public Private Partnership ECNEC Executive Committee of the National PSW Private Sector Window Economic Council eGP Electronic Government Procurement RETF Recipient-Executed Trust Fund E&S Environment and Social RSW Regional Sub-window for Refugees and Host Communities FSAP Financial Sector Assessment Program RMG Ready-Made Garments FSSP Financial Sector Support Program SCD Systematic Country Diagnostic GNI Gross National Income SEZ Special Economic Zone HSDP Health Sector Development Program SME Small and Medium Enterprises HNPSP Health and Nutrition Population SWAp Sector-Wide Approach Sector Project IFC International Finance Corporation UP Union Parishad InfraSAP Infrastructure Sector Assessment WB World Bank IPF Investment Project Financing WBG World Bank Group IPPF Investment Promotion Financing Facility Vice President: Hartwig Schafer Nena Stoiljkovic Vijay Iyer (Acting EVP) Director: Mercy Tembon Mengistu Alemayehu Merli Baroudi Task Team Leader: Priyani Malik, Juri Oka Louisa Leila Zhang Persephone Economou Noor Ahmed Naveed ii TABLE OF CONTENTS I. INTRODUCTION ..................................................................................................................................... 1 II. MAIN CHANGES IN COUNTRY CONTEXT ............................................................................................. 2 A. Changes to Poverty Reduction and Shared Prosperity......................................................................... 2 B. Changes in Key Macroeconomic and Debt Developments .................................................................. 3 C. Emerging Country Development ........................................................................................................... 4 III. SUMMARY OF PROGRAM IMPLEMENTATION ....................................................................................... 5 D. Portfolio Update .................................................................................................................................... 5 E. Partnerships and Leveraging the Private Sector ................................................................................... 7 F. Progress Toward Meeting the Country Partnership Framework Objectives ....................................... 8 G. Cross-cutting issues ............................................................................................................................. 11 IV. EMERGING LESSONS ............................................................................................................................. 12 V. ADJUSTMENTS TO COUNTRY PARTNERSHIP FRAMEWORK ................................................................ 13 VI. RISKS TO COUNTRY PARTNERSHIP FRAMEWORK PROGRAM ............................................................. 15 Annex 1. Updated CPF (FY16-21) Results Matrix Annex 2. Summary of Proposed Changes to the Original CPF Results Matrix Annex 3. Summary of Progress Towards Achieving the Original CPF Objectives Annex 4. IDA Operations FY16-21 (Committed and Indicative) Annex 5. Advisory Services and Analytics FY16 - 21 (Completed, Ongoing and Indicative) Annex 6. IFC Portfolio and Advisory Snapshot Annex 7. MIGA’s Outstanding Exposure in Bangladesh Annex 8. Summary of Minutes of Stakeholder Consultations iii BANGLADESH PERFORMANCE AND LEARNING REVIEW OF THE COUNTRY PARTNERSHIP FRAMEWORK I. INTRODUCTION 1. The Bangladesh Country Partnership Framework FY16-FY20 (CPF) discussed by the World Bank Group (WBG) Board on April 17, 2016 focuses on the foundational priorities of growth and competitiveness, social inclusion, and climate and environment management. To address growth and competitiveness, the WBG’s objectives include increasing power generation capacity and access to clean energy; improving transport connectivity and basic services in urban areas; enhancing the business environment and trade; and enhancing financial intermediation. To address social inclusion, the WBG is supporting improvements in access to and quality of education and healthcare, social protection coverage, and income opportunities for the poor. To strengthen climate and environment management, the WBG‘s objectives focus on increasing resilience against natural disasters, improving water resources management, and increasing the adoption of sustainable agricultural practices. The CPF focus areas and objectives are aligned with the government’s 7th Five Year Plan and support the UN Sustainable Development Goals. 1 They continue to remain relevant within the country’s evolving development context, including emerging challenges such as the Rohingya refugee crisis. This Performance and Learning Review (PLR) has benefited from consultations within the WBG and with external stakeholders, including through the recent country portfolio review and the 2019 Client Survey. 2. Despite implementation challenges, progress is being made towards achieving the CPF objectives in varying degrees. The most progress has occurred in energy, financial intermediation, health, rural income opportunities, agriculture, and resilience to climate change. Progress has been slower in transport, connectivity, water resource management, and regional trade facilitation largely due to the implementation challenges such as low implementation capacity as well as burdensome and inflexible processes. The World Bank (WB) will increase support to government counterparts to strengthen implementation capacity and continue to work with them to address bottlenecks in process. 3. The demand for WBG financing, guarantees, and advisory services has been strong. The WB committed US$3.9b under IDA17 (FY15-17) and US$4.6b in FY18 and 19, fully utilizing the country financing available under IDA18 by end-July 2019. Bangladesh is accessing additional resources from the IDA Scale-up Facility and the Regional Sub-window for Refugees and Host Communities (RSW). The WB’s advisory services and analytics (ASAs) have focused on strengthening policy dialogue in priority areas of macroeconomic growth, public expenditure review, urban development, gender, and inclusion. The International Financial Corporation (IFC) committed US$1.8b including mobilization since the start of the CPF period. The IFC is also accessing the IDA18 Private Sector Window (PSW) and local currency bond to mobilize more resources. IFC’s Advisory Services in Bangladesh is the fifth largest country portfolio globally. They focus on strengthening the investment climate and mobilizing private sector knowledge, technical expertise solutions, and investments in key sectors. Multilateral Investment Guarantee Agency (MIGA) has issued four new guarantee contracts since the start of the CPF period. MIGA’s gross outstanding exposure stood at around US$0.5b as of end-FY19 in five projects. The WBG is utilizing all financing instruments and pursuing a more programmatic and multi-sectoral approach to meet Bangladesh’s development needs. 1 The government’s Five-Year Plan covers FY2016-20. Its development results framework is linked to the UN Sustainable Development Goals, which is a government priority. 1 4. While the CPF focus areas remain relevant, some recalibration to the duration and programs are proposed to reflect the evolving support to Bangladesh, and the implementation realities. The PLR proposes to extend the CPF by one year to June 2021 to enable the consolidation of results, including from newer operations. The CPF is also being adjusted to reflect the WB’s support related to the Rohingya refugee crisis, including the development of Cox’s Bazar, a coastal district that struggled to improve key socioeconomic indicators even before the influx of more than 740,000 refugees since August 2017. The WBG will be applying more systematically the cascade approach2 to maximize financing for development (MFD), for which the findings and recommendations of the ongoing Infrastructure Sector Assessment (InfraSAP), Country Private Sector Diagnostic (CPSD), and the Financial Sector Assessment Program (FSAP) will serve as key inputs towards a more holistic WBG engagement. The CPF objectives will be updated in line with WBG focus areas to address priorities for human capital development and reflect the expanding engagement in natural resources management. The WBG will also more strategically support the country in the use of digital technology based on a country assessment of potential for digital transformation to be carried out in the coming year. II. MAIN CHANGES IN COUNTRY CONTEXT A. Changes to Poverty Reduction and Shared Prosperity 5. Bangladesh has made remarkable progress in improving the wellbeing of its citizens. The national poverty rate fell from 48.9 to 24.3 percent between 2000 and 2016, while the extreme poverty rate declined from 34.3 to 12.9 percent over the same period.3 Rural poverty fell substantially, driven by gains in non-agricultural income.4 Progress is also seen in non-monetary indicators of wellbeing. Under- five child mortality declined by two-thirds between 2001 and 2016 while average life expectancy increased from 65.9 years to 72.5 years during the same period. The proportion of Bangladeshis with clean, safe water sources for daily use rose from 79 to 98 percent between 1990 and 2017 as open defecation rates fell from 34 to 3 percent. Education, especially at the primary level, has been improving, reflected in the increase in net enrollment rates from 82 to 98 percent between 2001 and 2015. The improvement is most pronounced for girls.5 6. However, GDP growth has not resulted in the same pace of poverty reduction as in the past. While the annual GDP per capita growth rate was 5.2 percent in 2010-16, the pace of associated poverty reduction slowed, especially for the urban poor. With rapid urbanization, the absolute number of urban poor was higher in 2016 than in 2010.6 A welfare gap between eastern and western Bangladesh has also reemerged, correlated with differences in demographic change and educational attainment.7 7. Continued effort is needed to improve human development outcomes. Bangladesh ranks 106 out of 157 countries measured by the WB’s 2018 Human Capital Index. With current education and health conditions, a child born today in Bangladesh will be only 48 percent as productive as s/he could have been 2 The WBG’s “cascade approach" first seeks private sector solutions to address development challenges when such solutions are advisable and can be effective. Public financing is reserved only for projects when other options are suboptimal. 3 Household Income and Expenditure Survey, 2000/01 through 2016/17. 4 Ibid. 5 World Development Indicators, 2019. 6 Household Income and Expenditure Survey, 2000/01 through 2016/17. 7 Ibid. 2 with a benchmark of complete education and full health. Bangladesh is performing better than the South Asian average but lower than average for its income level. Education quality and stunting remain persistent challenges. Given the changing economic landscape and shifting demand in skills, there is a need to support lifelong learning opportunities. 8. The poor are highly vulnerable to climate change. The 2019 Global Climate Risk Index ranks Bangladesh as the ninth most affected country in 2017; Bangladesh was the seventh most affected country during 1998-2017.8 Severe monsoon flooding in the country’s north and northeastern regions hurt 2017 rice production and the livelihoods of more than eight million people in 32 districts.9 Changes in average weather are predicted to reduce GDP per capita by 14.4 percent by 2050, impacting the poor more severely.10 B. Changes in Key Macroeconomic and Debt Developments 9. Economic growth has been robust, exceeding 7 percent since 2016, well above the 3.9 to 4.7 percent average for developing countries in recent years. Exports and remittances have been buoyant. Agriculture had bumper harvests. Propelled by a solid economic performance, GNI per capita increased from US$1,188 in FY15 to US$1,944 in FY19.11 Overall inflation has ranged between 5.4 and 6.4 percent since 2015 and declined in 2019 as decelerating food prices offset a rise in non-food inflation. The expansion of monetary aggregates has been limited as private sector credit growth slowed and banking liquidity was impacted by the central bank’s recent sell-off of dollars to defend the taka. With easing of loan classification standards and reopening of classified loan rescheduling facility on easier terms, vulnerabilities in the banking system and capital markets persist. Accelerating exports and slowing imports have narrowed the current account deficit. The country’s budget deficit increased since FY18 but remained below the target of 5 percent of GDP in FY19. Low tax revenue collection continues to be a major challenge as policy and administrative reforms have stalled and, in some cases, been reversed. Public debt is expected to increase slightly to 32.8 percent of GDP. The risk of both external and total public debt distress remains low. 10. While Bangladesh is poised to maintain its current level of growth in the medium term, key structural reforms are needed to sustain productivity growth. Domestic demand growth is strong. Private investment is set to gain momentum given the reduced risk of political uncertainty following the 2018 elections and expected reforms to lower the cost of doing business. Tariff escalation by the US against China may provide a boost to exports in the short run if Bangladesh can capture some of the trade diversion. However, the recession in European and US export markets and appreciation of Bangladesh’s real exchange rate would adversely impact export demand and remittance. The elevated global economic risk calls for accelerated structural reforms to increase potential output and build fiscal and external buffers. An immediate challenge is to address banking sector vulnerabilities, revenue shortfalls, and appreciation of the real effective exchange rate. At the same time, there is a need to prepare for tighter external financing conditions in the near to medium term. Given that ready-made garment occupies 84 percent of total export, Bangladesh’s export base is narrow, posing a structural economic weakness. 8 Global Climate Risk Index 2019, Germanwatch. 9 Bangladesh Development Update: More, Better, and Inclusive Jobs Can Boost Growth, September 27, 2017. 10 South Asia’s Hotspots: The Impact of Temperature and Precipitation Changes on Living Standards, World Bank (2018). 11 GNI per capita, as calculated by the WB’s Atlas exchange rate method available at https://datacatalog.worldbank.org/gni-capita-atlas-method-current-us-0. 3 Diversification of export base is critical to buffer impacts from both external and internal shocks, and to sustain relatively high growth and accelerate job creation. Overall volume of FDI is still limited, where Bangladesh remains behind competitors such as Vietnam where FDI averaged 6 percent of GDP in the last five years compared to 0.7 percent in Bangladesh. Additionally, reforms are necessary to improve infrastructure, improve access to credit, address the high interest rates, boost human capital, and make business regulation less onerous and more predictable. C. Emerging Country Development 11. The Awami League (AL) continues to remain in power since the start of the CPF period. The AL led by Sheikh Hasina won for a third consecutive term gaining 288 out of 298 seats at the 11th parliamentary elections held in December 2018. Sheikh Hasina became the Prime Minister for the fourth time. The government continues to focus on development and growth. 12. Bangladesh experienced an unprecedented influx of refugees, for which support from the international community including the World Bank was sought (see Section V. Adjustments to the CPF). Since August 2017, approximately 740,000 Rohingya refugees fleeing conflict and violence in Myanmar have arrived at Cox’s Bazar — one of the poorest districts in Bangladesh where 213,000 Rohingya refugees are already settled. More than half of the refugees are under 18, and a majority are women and girls. The large influx of refugees has put enormous pressure on local food, shelter, water, sanitation, and health care. If host communities are counted, approximately 1.3 million people need assistance. The UN Joint Response Plan (JRP) estimated that US$920.5m is needed to provide services in the camps from January to December 2019, of which it received $613m as of November 5, 2019. 13. Bangladesh has reached several key milestones on its development trajectory. In 2015, Bangladesh achieved lower middle-income status when the country exceeded the GNI per capita income threshold. In early 2018, it became eligible for graduation from Least Developed Country status12 when it exceeded the threshold for GNI per capita, and indices on human assets and economic vulnerability. To support continued sustained growth, economic and structural reforms are critical (refer to paragraph 10). 12 This is a United Nations designation. 4 III. SUMMARY OF PROGRAM IMPLEMENTATION D. Portfolio Update 14. The WB’s program in Bangladesh has been expanding despite the complex operating environment. An increase is seen, both in amount and as percentage of the portfolio, in operations in infrastructure and sustainable development. 13 Total amount of operations in human development increased, while as percentage of the portfolio remained steady14, whereas there has been a decline in operations addressing finance, institutions, and governance15. Overall, the portfolio grew from 36 IDA operations totaling over US$8b at the beginning of the CPF period to 46 IDA operations, amounting to more than US$12b. While the primary financing instrument used was investment project financing (IPFs), as Bangladesh transitions to a lower-middle income country a wider range of financing instruments are being accessed. The WB is financing the country’s own development programs through five program-for- results (PforR) operations as of July 1, 2019, with the first one introduced in 2014 16 The WBG extended its first development policy credit (DPC) in nine years to support reforms for private sector-led jobs growth in FY19. Between FY16 and FY19, the disbursement ratio gradually increased from 20 to 22 percent. The number of problem projects remained steady at four during the same period. The WB completed 79 ASAs between FY16 and FY19 amounting to US$33m17. Priority is being given to ASAs that supports policy dialogue with government, establishes the analytical basis for future lending operations, or fills a gap in knowledge. 15. Bangladesh has fully utilized IDA’s core country allocation and is also accessing financing from IDA windows. Bangladesh is one of the top three recipients of IDA18 resources, with significant increase in IDA engagement since the start of the CPF period. During the first two years of IDA18, US$4.6b in core country IDA financing was committed. In addition, Bangladesh is accessing financing from IDA’s Scale-up Facility, and from RSW. With IDA18 country allocations already fully committed, the WB is exploring the potential to access additional financing from different IDA windows, cancel non-performing operations to recommit resources to new operations, and reallocate resources from other countries. Bangladesh transitioned to IDA “gap” status in FY19, receiving IDA financing on hardened terms.18 16. The WBG program has faced implementation challenges, for which proactive actions are yielding results. Operational bottlenecks and actions to address them are being discussed and monitored biannually through joint Government-World Bank Country Performance Portfolio Reviews. As part of the PLR preparation, the WB carried out an internal review to determine the systemic issues impacting IDA 13 At the start of the CPF, infrastructure operations accounted for US$1.9b (22 percent of the portfolio) while operations supporting sustainable development totaled US$2.7b (30 percent of the portfolio). As of September 2019, infrastructure operations accounted for US$3.1b (26 percent) and sustainable development operations accounted for US$3.9b (33 percent of the portfolio). 14 Human development operations totaled US$2.5b (28 percent of the portfolio) at the beginning of the CPF period. As of September 2019, it is US$3,3b (27 percent of the portfolio). 15 The total volume of operations was reduced from US$1.7b (10 percent of the portfolio) at the beginning of the CPF to US$1.2b (10 percent of the portfolio) as of September 2019. 16 The first PforR financing was for the VAT Improvement Program. Two out of five PforRs are in the education sector. 17 This includes the WB budget and Bank-executed trust funds. 18 A country reaches “gap” status when its GNI per capita remains above the operational cutoff for IDA eligibility more than three consecutive years. 5 operations and identify actions to improve outcomes. Investment operations have faced implementation delays due to a range of issues including government’s prolonged processing requirements,19 delayed procurement, 20 weak counterpart capacity, and high turnover of project staff. This has slowed disbursements, increased the cost of supervision, delayed achievement of results, and required frequent project extensions. The IFC has faced major challenges in acquiring foreign exchange loan approval for investments. Actions being taken jointly with the government include the following: • Government processing requirements – Since 2017, the WB has sought Executive Committee of the National Economic Council (ECNEC) approval for an operation, a key government requirement, prior to submitting an operation for WB Board approval. As a result, the time from Board approval to project effectiveness and first disbursement has declined.21 • Opening of designated accounts (DA) – Discussions are ongoing to advance the process of opening DAs for new projects prior to project effectiveness. The delay in opening DA has contributed to disbursement delays. • Public financial management system – The WB is supporting capacity building of public financial management (PFM) systems and achieving WB equivalency in fiduciary assurance. Through such support, the WB expects to overcome fiduciary challenges that can lead to procurement issues such as late preparation and issuance of bidding documents and mis-procurement. • Refund of ineligible expenditures – Discussions are ongoing to streamline the procedure for refunds related to ineligible expenditures. The current procedure addresses individual cases differently and requires multiple signoffs. • Environmental and social (E&S) – The WB is supporting training for key counterpart staffs to strengthen government institutions. A review is ongoing to improve the process of managing E&S issues (e.g. complex land acquisition, resettlement, uneven capacity, weak supervision). • Foreign exchange loan approval – Reforms are being incorporated in WBG policy dialogues to align the foreign exchange loan approval process with international best practices. 17. During the first half of the CPF period, the IFC delivered a strong program to address key development gaps. IFC’s portfolio grew from US$783m in FY15 to US$1.2b as of July 31, 2019 . IFC’s Advisory Services include 21 ongoing projects budgeted at US$42m. The key areas of intervention include water efficiency in the ready-made garments (RMG) sector, food safety, financial institutions capacity building, and improving competitiveness of sectors that have export potential. Between FY16 and FY19, the IFC committed US$1.8b in long term financing, including mobilization, to (i) support financial inclusion, including for women-owned small and medium enterprises (SMEs), (ii) improve sustainability and competitiveness of the RMG sector, (iii) promote green financing, and (iv) increase power generation capacity and help diversify energy resources to expand access to electricity and promote energy security. IFC is the largest investor in Bangladesh’s power sector and financed almost 1,399MW of additional power generation during FY16-19. The IFC is also leveraging new tools to address private sector challenges in IDA countries, including the IDA18 PSW. Financing from PSW was approved for an affordable housing project 19 The Government’s processing requirements include preparing a Development Project Proposal (DPP) or Technical Project Proposal for externally-financed operations before negotiations, and approval by theExecutive Committee of the National Economic Council (ECNEC) prior to project effectiveness. The DPP needs to be revised and reapproved for restructuring and for changes in contract value of a procurement package. 20 The procurement process may start only after the DPP approval. Large value contracts require the approval of the Ministry and Cabinet Committee for Government Purchase, which takes longer to obtain. 21 The time between WB Board approval and first disbursement declined to 223.1 days in FY18 compared to FY17 of 362.4 days and FY16 of 301.4 days. 6 through the Local Currency Finance facility, and four projects are in the pipeline. Priority areas for PSW include: (i) affordable housing, (ii) renewable energy, (iii) water supply and waste water management, and (iv) financial inclusion. 18. MIGA’s gross outstanding exposure of US$474m in Bangladesh, the Agency’s highest exposure in South Asia, is supporting five projects in the power sector. These five projects are providing support to private and public investment for power generation in the country. MIGA is also planning to support, through its non-honoring of sovereign financial obligations instrument, an investment in a large public sector energy-efficient and climate friendly urea fertilizer plant. It is expected that the project will boost significantly domestic urea production, reducing the need for imports. E. Partnerships and Leveraging the Private Sector 19. The WB continues to be viewed as a strong long-term development partner (DP). According to the recently completed Bangladesh Country Survey FY19, 22 the perception of the WB’s program has improved since the last survey in FY16. There is a strong alignment between priority development areas identified by the respondents (i.e. education, governance, poverty, jobs, private sector development, corruption, and health) and the CPF’s priorities of macroeconomic stability, human development, and institutional and business environment. Survey respondents also positively acknowledged the speed of disbursement and monitoring/evaluation of Bank-supported projects. 20. The WB is an active member of the Development Partners’ Group, the main coordinating mechanism for DPs. The WB has continued to finance, together with other DPs, the government’s programs in education and health.23 To help the government respond to the Rohingya refugee crisis, the WB has actively coordinated with DPs, especially the UN, as well as Canada and the United Kingdom. In July 2018, the UN Secretary-General and the WBG President jointly visited Bangladesh and Cox’s Bazar to assess the needs of refugees and engage in a dialogue with the government on medium-term planning and a comprehensive solution to the crisis. 21. Building on existing initiatives, the WBG is pursuing opportunities to crowd in private sector investment. The WBG is systematically implementing the cascade approach to maximize finance for development, giving priority in the following areas: • Energy sector: The WBG is supporting the expansion of renewable energy through investment financing, risk mitigation and technical assistance to increase private sector participation and financing.24 It is also supporting the development of a regional power market, and models of private sector participation for transmission network investments and operation. The IFC is one of the largest financiers in the sector, with financed projects expected to support more than 20 percent of Bangladesh’s power generation. 25 MIGA’s non-honoring of sovereign financial obligations product 22 A total of 366 stakeholders responded to the Bangladesh Country Survey 2019. 23 There is a strong and active DP consortium in primary education sector, where all DPs are contributing to the government’s primary education program. The WB is playing a leading role in the dialogue with the government and providing technical support to the development of the government’s program. 24 An example is the Scaling-up Renewable Energy Project: Utility Scale Solar (P161869). 25 Power generation has grown 11 percent annually over the last decade and the IFC’s role has increased private sector's share to almost 50 percent. 7 supported private commercial financing channeled to the energy sector, while its political risk insurance product also supported cross-border investments from Singapore in that sector.26 • Special Economic Zones: WBG programs are enabling private sector investors to finance, develop, and operate special economic zones (SEZs) and technology centers. The WB is supporting regulatory reforms and institutional frameworks,27 while the IFC can explore opportunities to finance private zone developers and manufacturing companies operating inside economic zones. • Financial Markets: The WBG’s Joint Capital Market Development initiative is building a strong analytical base and helping broaden the scope of long-term financing through issuing diverse debt instruments such as a taka bond, green bonds, and securitizations. 22. The WBG will implement the cascade approach28 of maximizing finance for development across all CPF focus areas. The ongoing InfraSAP has identified a number of subsectors29 in energy, transport, water resources management, and urban services where the cascade approach can be applied, while the upcoming Country Private Sector Diagnostic will further assess private sector constraints and opportunities in key sectors. The findings and recommendations of the ongoing FSAP is expected to inform future interventions to strengthen the domestic banking and financial sector. The WBG projects will continue to support the government to develop a robust PPP framework to enable private sector participation and a pipeline of bankable transactions. F. Progress Toward Meeting the Country Partnership Framework Objectives 23. The WBG is on track to achieve most of the CPF program objectives. More than half of the targets have been achieved or were on track to be achieved as of July 31, 2019 (see Annex 3). 24. Progress is being made in reducing the barriers to growth under Focus Area 1 (Growth and Competitiveness). The WBG is making positive contributions to increase energy supply and clean energy, expand financial intermediation, and improve the investment environment. Results of WB financed operations for strengthening transport connectivity are less than expected. As Bangladesh becomes a lower-middle income country, a gradual shift may be seen towards economic and structural reforms critical for economic diversification, competitiveness, and growth. For example, IDA has extended the first, in a series of DPCs for jobs that support reforms in areas such as the Customs Act. IDA financing, together with IFC investments is also supporting or expected to support trade facilitation, infrastructure support, and establishment of special economic zones. Moreover, to inform future support, the WB is starting a Country Economic Memorandum on export diversification. Building on ongoing collaboration, the WB, IFC, and MIGA have been pursuing opportunities to mobilize private financing in energy, special economic zones, and in developing capital markets. The InfraSAP is being carried out for energy, road, water resources management, and urban services. 26 The WB, IFC, and MIGA energy sector team is making a concerted effort to identify project opportunities in generation, transmission and distribution, and renewable energy. 27 An example is the Private Sector Development Support Project Additional Financing (P156242). 28 The WBG’s “cascade approach" first seeks private sector solutions to address development challenges when such solutions are advisable and can be effective. Public financing is reserved only for projects when other options are suboptimal. 29 For energy, the subsectors are renewables, transmission and distribution. For transport, the subsectors are roads, inland waterways, ports, and airports. For water resources, the subsectors are water supply and sanitation. 8 25. Under Focus Area 2 (Social Inclusion), the WB support for human capital development, social protection, and livelihood opportunities is broadly on track. The WB has met the targets in health and rural income opportunities. While progress is being made in education and social protection, it was not possible to fully assess their status due to changes in project level indicators. In response to the pressures on basic services and jobs in Cox’s Bazar with the influx of the Rohingya refugees, WB is providing additional financing for refugees and the host communities, including for basic services, informal education for children, psycho-social support including for those who experienced gender-based violence, and skills development (see Section V). The WB’s continued effort to target the poor and the vulnerable in this focus area and across the CPF program remains important.30 26. Support for strengthening resilience and climate adaptation is generally on track under Focus Area 3 (Climate and Environment Management). The CPF indicators to measure progress in this area are around resilience, climate adaptation and water resource infrastructure. In one area, improving water resource infrastructure, the WB will not achieve the objective because the project did not materialize. The WB has committed new operations for environmental and natural resources management (i.e. forestry, coastal, and fisheries management) and is renewing attention to water management and support for the government’s Delta Plan 2100. 31 ASAs are increasingly focusing on the impact of environmental degradation and include the Country Environmental Analysis and technical assistance on industrial and marine plastic pollution. Box 1. Progress with the Country Partnership Framework Objectives Focus Area 1. Growth and Competitiveness • Objective 1.1 - Strong results in boosting power generation capacity and access to clean energy. One target has been achieved and the other is on track to be achieved. As of end-January 2019, WBG projects have added 2,531 MW out of a target of 2,800 MW of grid connected generation capacity. With WBG support, about 2.5 percent more of the country’s population will have access to renewable energy. The IFC financed the first liquefied natural gas import terminal in Bangladesh, easing an acute shortage by increasing the natural gas supply by 20 percent. • Objective 1.2 - Some progress in improving transport connectivity. The IFC is exploring and pursuing investment opportunities to support digital connectivity and information and communications technologies. While progress is being made under the WB Rural Transport Improvement Project-II to strengthen the capacity for sustainable rural road and bridge maintenance, it was not possible to assess progress for one indicator due to project restructuring and revised results indicators. WB financed project to improve river transport connectivity is off track. • Objective 1.3 – Mixed results in improving basic services in urban areas. The performance of municipalities in delivering services has improved. Yet, the target to increase the number of beneficiaries with improved living conditions in select urban slums has made limited progress. The WB completed two key analytical 30 Based on a recent “poverty footprint” analysis, which compares the spatial distribution of the Bank portfolio and project spending with the incidence of poverty and other indicators of welfare, better-off districts received more on a per capita basis than poorer districts. This negative correlation may have been driven by the CPF Focus Area 1 that includes several infrastructure projects, and by Focus Area 2 projects aimed at boosting social inclusion and expanding income earning opportunities such as in agricultural projects. 31 The Delta Plan 2100 is the government’s integrated and holistic long-term plan to manage the delta wetlands to promote greater resilience and sustainable economic development. It is based on an adaptive delta management approach, which ensures that all sectoral investments consider the long-term uncertainties related to climate change and growth. 9 works 32 that support policy dialogue and future engagement to develop Dhaka. It established an “urban platform” to enable multisector support for urban development. The IFC’s Public Private Partnership Advisory is supporting the government to mobilize private investments to develop a water supply system at Purbachal New Town. • Objective 1.4 - Progress in enhancing the business environment but fewer gains in regional trade. With WB and IFC support, US$1.8b in direct private investments were made in 17 special economic zones at the end of 2018, surpassing the target. IFC advisory support in the textiles sector has led to operational cost savings of US$16m and facilitated private capital investments of US$39m for 232 participating garment factories. Its remediation program supported private-sector fire-prevention and safety efforts. Other strategic interventions improved productivity and provided better access to jobs for women. However, less progress is seen in facilitating cross border trade. Continued effort is needed to improve the investment climate.33 • Objective 1.5 – Mixed progress in interventions to increase financial intermediation . The IFC has achieved the CPF target to increase the number of customers with access to digital financial services by 10 million by 2019 through its investment in bKash. Further, IFC investments improved access to finance by supporting over 97,000 SMEs34 and will continue to support financial inclusion. The WB and IFC provided more than US$3b in short- and long-term financing to financial institutions for manufacturing, services, and infrastructure projects. Continued effort is needed to strengthen the banking sector. Focus Area 2 Social Protection • Objective 2.1 - While access to education is improving, progress on quality is inconclusive. Some 700,000 out-of-school children were enrolled in primary schools, and 10.3 million poor students from 215 poorest upazilas are receiving stipends at secondary level, surpassing the target. Enrollment of poor children in secondary education in targeted upazilas has increased. The WB’s contribution to increase gross secondary enrollment for the poorest quintile could not be measured because due to attribution issue where project- specific data was not available. Likewise, its contribution to improving education quality could not be measured because data from Primary Education and Completion Exam scores was not available. • Objective 2.2 - Targets achieved to improve access to quality maternal and infant health services. This was accomplished through a series of support to the Health Nutrition Population Sector Program (HNPSP). WB investments and ASAs are supporting improvements in nutrition services for mothers and children through the government health system and cross-sector interventions. The IFC Advisory supported a government dialysis project and continues to explore opportunities to support private sector health care companies in outpatient and secondary care hospitals, and in pharmaceuticals and diagnostic services. • Objective 2.3 – Progress seen in increasing social protection coverage for the poor. WB lending and ASAs remain focused on strengthening the service delivery and design of social safety net programs. The WB support has met the target to improve social protection benefits for the poorest, including over 5 million female beneficiaries. It is supporting the development of a National Household Database, which would improve targeting of beneficiaries across the government’s portfolio and enhance system efficiencies. • Objective 2.4 - Good progress in enhancing rural income opportunities for the poor. WB support is on track to increase income of households in the poorest districts, especially those headed by women. The WB is also on track with its skills training program to help youths gain employment for at least one year. It has additionally established a jobs platform to provide strategic and cross-sector support for more and better jobs. The IFC is supporting the development of insurance products to address weather-related risks. These products may be replicated and will contribute to an increase in lending to farmers by improving risk profiles. Focus Area 3. Climate and Environment Management 32 The Dhaka Integrated Urban Development and Towards Great Dhaka: A New Urban Development Paradigm Eastward, 2018. 33 Bangladesh ranks 176 out of 190 countries in the WB’s 2019 Doing Business report. 34 As of December 2017. 10 • Objective 3.1 - Good progress in increasing resilience against natural disasters in urban and coastal areas. The target for improving disaster response is on track. The WB is also expected to meet the target for increasing the number of people with access to multipurpose shelters in vulnerable coastal districts. Support for multipurpose shelters has been expanded to include the Rohingya refugees. The WB is financing upgrades to coastal embankments and development of agro-weather bulletins for farmers. • Objective 3.2- The objective to improve water resource infrastructure for climate resilience will be revised. The WB’s planned operation to address river erosion and flooding did not materialize. It has established a “water platform” to strengthen multisectoral engagement i n this sector. This objective will be broadened (see Section V) to reflect results from the WB’s support for water resource management and access to clean water, as well as the IFC 's efforts to save water through advisory engagements. • Objective 3.3 - Increasing adoption of sustainable agricultural practices is on track. The WB is on track to achieve the target for increasing the number of farmers using agricultural technologies and to achieve the target for improved irrigation and drainage. The IFC’s lending and advisory projects are supporting farmers to adopt sustainable climate-smart agribusiness technologies and practices to improve productivity and make them more resilient to climate change. Further, the IFC's financial services have reached over 50,000 farmers. G. Cross-cutting issues 27. Continued WB support is critical to strengthen Bangladesh institutions and governance, and to reform the public procurement system. Improvements have been made in most areas measured by the WB’s World Governance Indicators — except for indicators related to voice and accountability. However, the country’s overall governance scores remain lower than regional averages. The WB is supporting reforms in PFM, domestic resource mobilization, and public investment management. 28. WB financed operations have introduced digital technology to enhance governance and transparency. For example, the WB has supported the introduction of digital monitoring of development programs/projects, and electronic Government Procurement (eGP) across all public-sector organizations through a range of initiatives.35 In procurement, 1,292 public sector organizations — out of a total of 1,362 — are registered in the e-GP, system. About 55 percent of the country’s total public procurement expenditures were processed through e-GP in early 2019. The use of technology in procurement has led to reduced procurement delays, increased competition, and reduced incidences of inappropriate bidding practices, including fraud and collusion. In addition, WB financing is supporting digital financial services. 29. The WB is integrating gender in all operations and mainstreaming citizen engagement in IPFs. It is supporting dialogue with state and non-state actors, broader participation in the public spending process, and strengthening outreach and promoting social media dialogue on key development topics. In addition, the WB is financing investment activities to support women’s empowerment. This includes a recently closed operation to train and find employment for more than 9,000 young women from marginalized and remote areas, and services to address gender-based violence in refugee settlements and their host communities. In FY19, 100 percent of WB’s new operations addressed gender and incorporated citizen engagement. IFC programs are supporting increased access to finance for women-owned SMEs creating better employment opportunities and supporting career progression. 35 In FY19, the WB Board approved support for Strengthening PFM to Enable Service Delivery Program, a multi- donor Strengthening Public Expenditure Management Program, a VAT Improvement Program, and Digitizing Implementation Monitoring and Public Procurement Project (third operation). 11 30. The WBG is strengthening climate change adaptation in its operations. In FY19, 56 percent of the approved operations incorporated climate change considerations. 36 A range of operations are contributing to the effort including in agriculture, 37 environment, transport, urban, water supply and sanitation, and water resource management. 18 percent of FY18 and FY19 IFC investments were climate related and included financing of green buildings, clean energy, and sustainable energy finance through financial intermediaries. On climate change mitigation, MIGA is planning to issue a guarantee for its first climate finance project in the country — an energy-efficient urea fertilizer project using carbon capture technology that is expected to replace two old urea fertilizer production facilities. IV. EMERGING LESSONS 31. Solid analytical work, consideration of the political economy, and building strong country ownership has been especially important for implementing the CPF program. High quality ASAs and their dissemination have been critical for policy dialogue on sensitive development challenges. The analyses helped build consensus for reforms for private-sector led jobs growth supported by DPF. Two flagship studies on Dhaka's development have enabled policy dialogue in a complex institutional and political landscape and are defining future engagement. To improve project preparation and implementation, substantial investment in understanding the political economy and client processes, and in building client knowledge of the WB is necessary. For example, two WB financed operations were halted38 due to lack of awareness and sensitivity to the client counterparts’ limitations and concerns. 32. Project champions are needed to navigate the country’s complex processes. As noted earlier, the complex government processes, compounded by weak capacity have slowed project preparation and implementation. The WB is working with the Ministries of Finance and Planning and with line ministries to improve project readiness for implementation, with some positive results.39 IFC project delivery is held back by a lack of transparency in the foreign and local currency loan approval process. The WBG is tackling this jointly and has approached the Bangladesh Investment Development Authority, Central Bank, and Finance Ministry to streamline the foreign exchange loan approval process. The IFC is also recommending an External Commercial Borrowing policy in line with Bangladesh’s Asian neighbors. 33. Multisectoral support and a programmatic approach can help spur progress in certain areas. The WB has identified several areas where multisectoral support is especially important and established “platforms” for urban development, jobs, skills development, water resources management, and gender to help coordinate and integrate support across sectors. The multi-sectoral approach to skills is aligned to the Human Capital Project, which calls for changes in the way in which the WB engages with client to make a difference in human capital development. The WB is applying programmatic approaches, to support reforms. Reforms in Bangladesh involving changes in legislation and institutions often take more time than initially envisaged. This may be due to the need for broad stakeholder consultation, relatively weak inter-governmental coordination, and the government bureaucracy. Beyond enacting laws and changing policies, the biggest challenge in Bangladesh is implementing reforms, as shown by the 36 In FY18, only 16 percent of WB operations integrated climate considerations. A large share of approved operations was in the education, health, social protection, and governance sectors. 37 The WB is expanding support for climate resilient agriculture (e.g. livestock project, development of Bangladesh’s Climate Smart Agriculture Investment Plan). 38 The projects halted were the River Management Improvement Project (P149734) and Modernization of State- Owned Financial Institutions Project (P155363). 39 The time between WB Board approval and first disbursement declined to 223.1 days in FY18 compared to FY17 of 362.4 days and FY16 of 301.4 days. 12 experience of implementing the VAT Improvement Program launched in 2014 to boost revenue collection and transparency in the country’s value-added tax administration. A programmatic approach is increasingly being applied to incentivize gradual progress in policy and institutional reforms and actions, such as the support for reforms to foster private sector-led jobs growth. 34. Experience has shown the importance of flexible use of financing instruments to respond to the development needs. At the beginning of the CPF period, the WB mainly financed investment projects. Now that Bangladesh has reached lower-middle income country status, more diverse financing is being sought to support the country’s priority for continued growth. The government has expressed interest in a series of DPFs to support reforms to modernize trade and investment, strengthen systems to protect workers, and improve policies and programs to help vulnerable populations get jobs. PforR financing was first used in Bangladesh to finance the VAT Improvement Program. The PforR financing instrument is being used to support the government’s own program in education, rural bridges, and PFM. It has enabled the pooling of resources with other DPs in education and PFM. V. ADJUSTMENTS TO COUNTRY PARTNERSHIP FRAMEWORK 35. This review proposes to extend the CPF by one year to June 2021. This will provide additional time to consolidate and deliver results, considering the new operations. The extension would also enable the incorporation of the IDA19 policy direction in the next CPF. 36. The CPF focus areas will be maintained with recalibration in some areas to reflect shifts in support given the changes in the operating environment and implementation realities. The proposed recalibration takes into consideration the limited time to the end of the CPF period. The paragraphs below highlight the main adjustments. In addition, the WBG will build on experience to date to strengthen the CPF implementation. The Results Matrix (see Annexes 1 and 2) reflects the detailed adjustments to the objectives and indicators. • WB support to tackle challenges brought by the Rohingya refugee crisis. The PLR will add a new Objective 2.5 under Focus Area 2 for “Increased access to basic services for the displaced Rohingya population.” It will also incorporate indicators under Objective 2.3 “Improved social protection coverage for the poor” to reflect support for the Rohingya refugees. This reflects the WB’s first phase of support for refugees in health, education, and multi-sector support for water, sanitation, shelter, roads, and jobs. Simultaneously, WB support is addressing the needs of host communities through new and restructured projects for health and education services, social safety nets, multi-purpose shelters, local government service capacities, and management of forests and natural habitats impacted by refugee settlements. The WB is proceeding with a second phase of support that includes helping the government develop a broader strategic response to address the medium-term development impact of the refugee crisis. • WBG support to MFD. The WBG will be more strategic and systematic in applying the cascade approach. This effort will be boosted by the ongoing InfraSAP and the CPSD to inform the dialogue with the government on key reforms that need to be prioritized to advance private sector investment and FDI, and also support economic diversification. In addition, the FSAP findings and recommendations will help inform the actions needed to strengthen financial markets critical to supporting an increase in private sector activities. Building on existing engagements, the IDA PSW will be leveraged to create markets in affordable housing, renewable energy, water supply and waste water management and to expand financial inclusion. It will also help mobilize private investment in 13 SEZs, rooftop solar, power transmission and green bonds. Beyond these areas, the WBG will consider opportunities in agribusiness and value chain development, transport, and health. Objective 2.4 will be adjusted to recognize WBG’s emerging engagement to support private sector led job creation and skills development, while Objective 1.5 will be broadened to add financial inclusion. • Lagging areas in human capital. With the launch of the human capital project in 2018, the WB has increasingly focused on cross-sectoral investments to improve Bangladesh’s human capital outcomes. Since the start of the CPF, $3.5b in IDA financing has been committed to human development of which $1.8b has been for health and education. This includes financing of $700m for the Quality Learning for All Program, which is expected to contribute to the Bangladesh’s efforts to improve outcomes in education quality. Nutrition is being addressed through cross-sectoral initiatives including in agriculture, social protection, and water and sanitation. Moving forward, the WB will complement its system level investments in primary, secondary and higher education and health systems, with more targeted and multi sectoral investments in early childhood to improve student readiness and address stunting. Ongoing ASAs aim to inform future support for early childhood education and nutrition.40 The forthcoming SCD will be important in providing the analytical base for strategically addressing the lagging areas of human capital development in the new CPF. In the short term, the WB will explore opportunities to increase the impact of existing operations on quality of education, nutrition and enhancing the productivity of the current stock of human capital. IFC will build on its experience in investing in private health care to consider investment projects. Objectives 2.1 and 2.2 will be realigned to focus more on education quality and nutrition to address the lagging areas of the Human Capital Index. Targets have been revised to be consistent with new operations41 that support access for out-of-school children. A few indicators under Objectives 2.1 and 2.2 have been revised to reflect implementation realities. During the remaining CPF period, the WB will strengthen the analytical underpinnings for future lending. • Expanded engagement in natural resource management. The WB has several new operations in natural resources, including coastal and marine fisheries, water, and sanitation. However, these operations have a limited impact on the results matrix as they only recently became effective and need time beyond the CPF period to observe outcomes. Objective 3.2 is being updated to better align with Focus Area 3 and to reflect the WB’s broader engagement in the water sector that includes sustainable water resource management, access to clean water supply, and industrial water saved. To support the government’s Delta Plan 2100, the WBG has established a water platform to drive a cross-sectoral and cross-institutional initiatives in lending and analytical work. • Enhancing support for digital transformation. Digital development and promotion of information technology is embedded throughout the Bank's operations, including to strengthen governance and transparency. In the coming year, a country assessment on opportunities for digital transformation in Bangladesh will be carried out that will enable the WBG to be more systematic in this area in the next CPF. 40 Ongoing ASAs include Impact of Offering Additional Year of Preschool Education (P159491), The Landscape of Early Childhood Education in Bangladesh (P169436), and Food Prices, Food Security, and Nutrition in Bangladesh (P168176). 41 Implementation status report for “Reaching Out of School Children II,” Additional Financing and Transforming Secondary Education for Results. 14 VI. RISKS TO COUNTRY PARTNERSHIP FRAMEWORK PROGRAM 37. The overall risk to achieving CPF objectives remains unchanged, at high. They relate to political and governance, institutional capacity, fiduciary management, and environment and social factors. Table 2: Summary of Risks to Achieving the Country Partnership Framework Objectives Risk Categories Rating Political and governance High Macroeconomic Moderate Sector strategies and policies Moderate Technical design of project or program Moderate Institutional capacity for implementation Substantial Fiduciary High Environment and social High Stakeholders Moderate Overall High 38. While the security situation has stabilized following the 2018 elections, political tensions remain and the broader governance environment continues to pose a risk. Security concerns were heightened in 2016 immediately after an attack at a bakery frequented by expatriates, which impacted WBG’s field work and implementation of operations. In close coordination with the government, the WBG took measures to ensure staff security in the country. In addition, governance risks to implementation is being mitigated by investing in greater understanding of the political economy and adapting the program as needed. Following the 2018 elections, the country has largely stabilized. Nonetheless, political tensions remain and the broader governance environment continues to pose a risk. Recently, increased tensions in Cox’s Bazar may also impact implementation of operations financed by the IDA18 RSW supporting refugees and host communities. The WBG continues to monitor the situation in close coordination with DPs. 39. Uneven public institutional capacity continues to pose a risk to implementation. As identified in the CPF, institutional capacity and accountability issues remain a challenge to implementation. The WBG will continue to work with the government to strengthen institutional capacity and governance across its operations as part of the long-term agenda for sustained support. 40. While some progress has been made in strengthening fiduciary capacity, fiduciary risk remains high for CPF implementation. Building on progress in strengthening government’s PFM, the WB will embark on aligning project PFM arrangements with the government’s PFM systems. 41. Environmental and social risks remain high. Continued effort is needed to strengthen the government and private sector capacity to address E&S aspects of projects. Implementation of some operations have been delayed due to lack of staff capacity to address land acquisition and resettlement issues. The WB will continue to work with the government to enhance capacity, which is particularly important with the roll-out of the new E&S Framework. The WB will work on stronger E&S regulatory compliance to enable viable, sustainable private sector investments. 15 Annex 1: Updated Bangladesh CPF (FY16-21) Results Matrix CPF Objective and Indicators Supplementary Indicators Ongoing and Indicative WBG Program Focus Area 1: Growth and Competitiveness Objective 1.1: Increased power generation capacity and access to clean energy (existing) 1.1.1 Additional generation capacity increased 1.1.1a. 400 km transmission line constructed Financing/Guarantees – Closed/Ongoing in select plants (existing) and rehabilitated (2020) ₋ Siddhirganj Power Project AF (P154127) Grid: Baseline: 490 MW; Target: 2,705MW42 ₋ Regent Energy (IFC) (closed) (2021) 1.1.1b. 6,240 km of distribution line ₋ Siddhirganj Power Project (P095965) Off grid (solar): Baseline: 24MW; Target: 85 constructed and rehabilitated (2020)46 ₋ Rural Electricity Transmission & 43 MW (2021) Distribution Project (P129920) 1.1.2a. Number of solar home systems installed ₋ Rural Electrification and Renewable 1.1.2 Additional households and businesses in Baseline: 824,000 (2015) Energy Development II (RERED II) rural areas with access to clean (solar) energy Target: 1,030,000 (2018) Project (P131263) & AF- RERED (reformulated) II(P165400) Baseline: 935,000 (2015) ₋ Bangladesh Scaling-up Renewable Target: 8,149,57844 (o/w 60% women) (2021) Energy Project (P161869) ₋ Ghorashal Unit 4 Repowering Project 1.1.3 – Annual gas supply capacity increased (P128012) (new)45 ₋ Bibiyana II (IFC) Baseline: 0 (2015) ₋ Power System Reliability and Efficiency Target: 3.5 million metric tons per annum Improvement (P159807) (2021) ₋ Sirajganj II (MIGA) ₋ Sirajganj III (MIGA) ₋ Sirajganj IV (MIGA) ₋ United Power Ashuganj (IFC) ₋ Sirajganj Power (IFC) ₋ Ashuganj Power 450MW (MIGA) ₋ Summit Equity/Corporation (IFC) 42 335 MW (Siddhirganj - IDA) + 400MW (Ghorashal – IDA) + 20 MW (SREP – IDA) + 1050 MW (MIGA) + 900 MW (IFC). 43 AF- RERED II (P165400). 44 IDA 6,938,000 (RERED I 2,588,000+ RERED II 4,350,000)+IFC (276,578). 45 IFC project. 46 Baseline 0. 16 CPF Objective and Indicators Supplementary Indicators Ongoing and Indicative WBG Program ₋ Bangla LNG (IFC) Financing/Guarantee - Pipeline ₋ PGCB (IFC) ASA – Completed/Ongoing/Pipeline -- ₋ Programmatic energy AAA (P150086) (completed) ₋ Bangladesh SREP Investment Plan (TA) (P154103) (completed) ₋ Energy Efficiency Improvement in Industries (P156861) (completed) ₋ Lighting Asia –Bangladesh (IFC) (Completed) ₋ Implementing renewables energy targets in Bangladesh (P164015) (completed) ₋ Potential savings from energy (P158353) (completed) Objective 1.2: Improved transport connectivity (existing) 1.2.1 Increase in population living within 2 km 1.2.1a. 3,500 km of roads rehabilitated (2018)48 Financing – Closed/Ongoing of all season upazila and union roads - Second Rural Transport Improvement improved in selected districts47 (reformulated) 1.2.1b. 600 km of upazila roads upgraded Project (P123828) Baseline: 0% (2015) (2018)49 - Regional Waterway Transport Project Target: 2.8% (2021) 1 (P154511) - AF Second Rural Transport Improvement Project (P166295) - Operation for Supporting Rural Bridges (P161928) Financing – Pipeline: - Dhaka Public Transport Improvement (P166435) 47 Second Rural Transport Improvement Project (P123828). 48 Baseline 0. 49 Baseline 0. 17 CPF Objective and Indicators Supplementary Indicators Ongoing and Indicative WBG Program - Western Economic Corridor and Regional Enhancement Program (P168961) ASA – Completed/Ongoing/Pipeline ₋ Open Accessibility Planning for Transport (TA) (P151756) (completed) - BD: Global Outsourcing Services for New Economy Jobs and Export Diversification (P154912) (completed) - Study on Urban Transport in Dhaka (P162082) (completed) - Supporting Modal Shift to IWT in Bangladesh (completed) - Chittagong Urban Transport Master Plan (P155253) (completed) - Efficient Multimodal Logistics (P155457) (completed) - Bangladesh Infrastructure Sector Assessment (P167117) (ongoing) CPF Objective 1.3: Improved delivery of basic services in urban areas (existing) 1.3.1 Number of municipalities along the 1.3.1a. Number of urban local bodies with Financing – Closed/Ongoing Dhaka Chittagong corridor demonstrating investment plans prepared in a participatory ₋ Local Governance Support Project - III 50 improved performance (existing) manner (existing) (P159683) Baseline: 12 (2015) Baseline: 0 (2015) ₋ Municipal Governance and Services Target: 26 (2021) Target: 40 (2020) Project (P133653) ₋ Low Income Community Housing Support Project (P130710) ₋ Dhaka City Neighborhood Upgrading Project (P165477) 50Annual performance improvement is based on 10 pre-determined indicators that measure Urban Local Bodies’ (ULB) performance in three areas of municipal functions: (i) municipal planning, (ii) social accountability strengthening, and (iii) public financial management and revenues. ULBs achieving an aggregate score of 5, 6 or 7 will be considered to have passed the assessment. The Municipal Governance and Services Project (P133653) will support this indicator. 18 CPF Objective and Indicators Supplementary Indicators Ongoing and Indicative WBG Program 1.3.2. Number of beneficiaries in select ASA – Completed/Ongoing/Pipeline settlements with improved access to and ₋ Towards Great Dhaka: A New Urban quality of services51 (reformulated) Development Paradigm Eastward Baseline: 0 (2015) (P160835) (completed) Target: 80,00052 (o/w women 50%) (2021) ₋ Strengthening Poor-Inclusive Urban Water and Sanitation Service Quality Information Systems in Bangladesh (P131951) (completed) ₋ Metro Dhaka Transformation Platform (P164341) (completed) ₋ Knowledge Exchange and Advocacy for Effective Local Government (P161694) (completed) ₋ Water Supply & Sanitation (IFC) (Ongoing) Objective 1.4: Enhanced business environment and trade facilitation (existing) 1.4.1. Time and cost to set up a business53 1.4.1a. Number of key regulatory reforms areas Financing – Closed/Ongoing (new) related to competitiveness adopted55 (existing) - RMG Remediation in Financing (IFC) Baseline: Time: 19.5 days; Cost: 22.3% Baseline: 0 (2015) (closed) income/capita (2018) Target: 6 (2020) - Private Sector Development Support Target: 25% reduction from the baseline. Project (P120843) (2021) 1.4.2 b. Number of economic zones license - AF Private Sector Development issued56 (existing) Support Project(P156242) 1.4.2 Direct investment in select economic Baseline: 6 (2015) - Regional Connectivity Project 1 54 zones (existing) Target: 15(2020) (P154580) Baseline: $15m (2015) 51 Low Income Community Housing Support Project (P130710). Access to services includes: water, sanitation, roads, drainage, electricity and housing loans. 52 The target includes 60,000 beneficiaries for National Housing Association (NHA) provided services and 20,000 from Palli Karma-Sahayak Foundation (PKSF) provided housing loans. 53 Bangladesh Jobs Programmatic DPC (P167190). 54 Private Sector Development Support Project (P120843) and AF Private Sector Development Support (P156242). 55 Reform areas include new companies act, inspection regime, investment promotion, customs law, border/customs clearance time, and trade tariffs. 56 Ibid. 19 CPF Objective and Indicators Supplementary Indicators Ongoing and Indicative WBG Program Target: $2b (2021) - Bangladesh First Jobs Programmatic DPC (P167190) - Export Competitiveness for Jobs (P156113) - Investment in High Potential Manufacturing (IFC) Financing – Pipeline - Bangladesh Second Jobs Programmatic DPC (P168724) ASA – Completed/Ongoing/Pipeline ₋ BD Private Sector Development Support (P126702) (completed) ₋ Bangladesh Investment Climate Fund (completed) ₋ Bangladesh Investment Climate Phase II (IFC) ₋ Partnership for Cleaner Textile (IFC) (completed) ₋ Bangladesh Textile Competitiveness (IFC) (completed) ₋ Partnership for Cleaner Textile Phase II (IFC) (ongoing) ₋ Bangladesh Competitiveness DPC Dialogue (P165752) (completed) ₋ Bangladesh 4.0: The Future of Manufacturing (P169487) (ongoing – FY21 completion) ₋ Analytics and Policy Dialogue for the Bangladesh Regional Trade and Investment Program (P162865) (ongoing- FY20 completion) Objective 1.5: Increased financial intermediation (existing) 20 CPF Objective and Indicators Supplementary Indicators Ongoing and Indicative WBG Program 1.5.1. Short and long-term finance provided to 1.5.1a. Ratio of non-performing loans in Financing – Closed/Ongoing participating financial institutions and participating financial institutions in foreign - Investment Promotion and Financing corporates57 (revised) denominated long-term finance portfolio. Facility I (P087802) (Closed) Baseline: $3.3b (2015)58 Baseline: 10 (2015) - Financial Sector Support Project Target: $5.6b (additional from the baseline)59 Target: 7 (2020) (P150938) (2021) - Investment Promotion and Financing 1.5.1b. Number of Core Banking Principles on Facility Project II (P159429) 1.5.2 Number of customers with access to which Bangladesh Bank is judged as largely - Insurance Sector Development Project digital financial services60 (existing) compliant62 (existing) (P156823) Baseline: 20 million (2015) Baseline: 4 (2015) - Green Delta Insurance (IFC) Target: 30 million (2018) Target: 12 (2021) - Global Trade Finance Facility Program (IFC) 1.5.3 Number of SMEs with access to financial - Working Capital Systemic Solutions services61 (new) (IFC) Baseline: 48,458 (2015) - Loan/equity investments in banks (IFC) Target: 100,000 (2021) ASA – Completed/Ongoing/Pipeline ₋ Finance and Markets Development (P152539) (completed) ₋ Bangladesh Islamic Banking Regulation and Supervision (P164036) (completed) ₋ Bangladesh Microenterprises and SME Finance (P164037) (completed) ₋ Programmatic Approach Bangladesh Financial Sector Development (P156131) (completed) 57 For manufacturing, services and infrastructure investments. The indicator reflects both WB and IFC interventions and progress in short- and long-term finance. 58 Baseline = $300 m (IDA IPPF) +$2.9b ($1.3 b long term+$1.6 b shot term)(IFC – it includes IFC investments and mobilization from the private sector). The baseline figures are stock. 59 $350m (IDA FSSP)+$750m (IDA IPPF)+$4.5b (long term $2.5 b + short term $2b) (IFC). 60 IFC support for e-payment and remittance services. 61 IFC investments. 62 Financial Sector Support Project (P150938). 21 CPF Objective and Indicators Supplementary Indicators Ongoing and Indicative WBG Program - JCAP Initiative - Financial Sector Dialogue (P169181) (ongoing - FY20 completion) - Bangladesh Financial Sector Policy Notes (P166102) (completed) - Bangladesh FSAP Development Module (P169533) (ongoing - FY20 completion) - Financial Products (P157366) (completed) ₋ Financial Infrastructure (IFC) (ongoing) ₋ TAs on banking (SMEs, mobile, women) to BRAC Bank, City Bank, bKash, IDLC, (IFC) (ongoing) Focus Area 2: Social Inclusion Objective 2.1: Improved equity in access and quality of education (existing) 2.1.1. Number of previously out-of-school 2.1.1a. Stipend program for the economically Financing – Closed/Ongoing children63 enrolled in primary schools and poor students at secondary levels implemented ₋ Primary Education Development learning centers in underserved upazilas and in 215 of the poorest upazilas Program III (Closed) urban slums (existing) ₋ Higher Education Quality Baseline: 300,000 (female: 150,000, male: 2.1.1b. At least 90% of all eligible schools Enhancement (P106216) (closed) 150,000) (2015) receive, within one month of school opening ₋ Skills and Training Enhancement Target: 800,00064 (o/w female 50%) (2021) day, approved textbooks for Grades 1 to 5, Project (STEP) (P090807) (closed) based on new curriculum developed by NCTB ₋ Reaching Out of School Children II 65 2.1.2. Grade 10 retention rate (new) (P131394) Baseline: All 69%; Girls: 66%; Disadvantaged ₋ AF- Reaching Out of School Children students: 62% (2017) (P167870) 63 Out-of-school children is defined as children aged 6-14 who never enrolled in any schooling or dropped out for more than six months. The Bank program will support the 100 most deprived upazilas and 15 urban slums based on school participation and schooling opportunities. 64 Reaching Out of school Children (ROSC) and Fourth Primary Education Development Program (PEDP4) (P162619). 65 Transforming Secondary Education for Results Operation (P160943): DLI Indicator 6. 22 CPF Objective and Indicators Supplementary Indicators Ongoing and Indicative WBG Program Target: All 72%; Girls: 70% Disadvantaged ₋ Transforming Secondary Education for students: 64% (2021) Results (P160943) ₋ Quality Learning for All Program for 2.1.3. Grade 8 students achieving grade level Fourth Primary Education competency in Bangla and Math66 (new) Development Program (P162619) Baseline: Bangla 54%; Math: 57.5% (2015) ₋ College Education Development Target: Bangla 56%; Math 59% (2021) (P154577) Financing – Pipeline ₋ Higher Education Acceleration and Transformation Project (P168961) ₋ Accelerating and Strengthening Skills for Economic Transformation (P167506) ASA – Completed/Ongoing/Pipeline ₋ Skills for Growth Programmatic ASA (P162408) (completed) ₋ Skills for Better Jobs - (P164139) (completed) ₋ Female Participation in TDE ((P161548) (completed) ₋ Expanding Quality of Basic Education for All in Bangladesh (P162656) (completed) ₋ The Landscape of Early Childhood Education (P169436) (ongoing - FY20 completion) ₋ An Additional Year of Preschool Education - (P159441) (ongoing - - FY20 completion) CPF Objective 2.2: Improved access to quality maternal and infant health services (existing) 66 Transforming Secondary Education Results (P160943). 23 CPF Objective and Indicators Supplementary Indicators Ongoing and Indicative WBG Program 2.2.1. Percentage of deliveries by skilled birth 2.2.1a. Proportion of women receiving Lending – Closed/Ongoing attendant among the two lowest quintile postnatal care within 48 hours (at least one ₋ Health Sector Development Program wealth group67 (existing) visit) (P118708) (closed) Baseline: 23% (2014) Baseline: 34% (2014) ₋ Health Sector Support Project Target: 27% (2020) Target: 38% (2020) (P160846) ₋ Health Sector Development Program 2.2.2. Coverage of measles immunization for AF (P167672) (closed) children under 12 months of age68 (existing) ₋ Investments in healthcare facilities Baseline: 85% (2014) (IFC) Target: 87% (2020) ₋ Emergency Multi-Sector Rohingya Crisis Response (P167762) 2.2.3. Children under 2 years of age receiving ₋ Income Support Program for the nutrition services in Sylhet and Chittagong Poorest (P146520) division69 (new) ASA – Completed/Ongoing/Pipeline Baseline: 0% (2017) ₋ Towards Universal Health Coverage Target: 20% (2021) (P150750) (completed) ₋ Health & Nutrition Outcome and Determinants in Urban Centers (P156097) (completed) ₋ Responding to Malnutrition in Bangladesh P145607 (completed) ₋ Hospital PPP (IFC) (completed) ₋ Promotion of Sanitary Products (P157365) (completed) ₋ Investigating Nutrition Sensitive WASH in Bangladesh (P164276) (completed) ₋ Bangladesh Capacity Development in Nutrition Surveillance and Research (P162081) (completed) 67 Health Sector Development Program AF (P167672). 68 Ibid. Health Sector Development Program AF (P167672). 69 Bangladesh Health Sector Support Project (P160846). 24 CPF Objective and Indicators Supplementary Indicators Ongoing and Indicative WBG Program ₋ Bangladesh Health Financing and Fiduciary programmatic ASA (ongoing) ₋ Health, Nutrition and Population (HNP) Service Delivery (P169452) (ongoing – FY23 completion) ₋ Cross-Sectoral Action for Health, Population and Nutrition Outcome (P168901) (ongoing - FY23 completion) CPF Objective 2.3: Improved social protection coverage for the poor (existing) 2.3.1 Additional beneficiaries receiving social 2.3.1a. Automated administrative systems in Financing – Closed/Ongoing protection benefits70 (reformulated) place for six major safety net programs. ₋ Safety Net Program for the Poorest Baseline: 11.6 million (6.8m men, 4.8m (P132634) women) (2015) ₋ Income Support for the Poorest Target: 18 million (12.2m men, 5.8 m women) Program (P146520) (2021) ₋ Cash Transfer Modernization Project (P160819) 2.3.2. Percentage of population registered in ₋ Jobs First Programmatic Development the National Household Database Policy Credit (DPC)(P167190) (reformulated) ₋ Emergency Multi-Sector Rohingya Baseline: 0% (2015); Crisis Response (P167762) Target: 80% (2021) Financing – Pipeline ₋ Bangladesh Second Programmatic 2.3.3. Number of beneficiary households Jobs Development Policy Credit reached by community works and services (P168724) among displaced Rohingya population71 (new) ASA – Completed/Ongoing/Pipeline Baseline: 0 (2018); ₋ Bangladesh Safe Migration Impact Evaluation (P153008) (completed) 70 It includes beneficiaries from the program such as: Employment Generation for the Poorest, Food for Work, Test Relief, Vulnerable Group Feeding; Gratuitous Relief, Income Support for the Poorest, Old Age Allowance, Widow Allowance, Disability Allowance and Disabled Student Stipend. These represents one third of the total population in Bangladesh. WB projects: Safety Net Program for the Poorest (P132634); Income Support for the Poorest Program (P146520) and Cash Transfer Modernization Project (P160819). 71 Emergency Multi-Sector Rohingya Crisis Response (P167762)). 25 CPF Objective and Indicators Supplementary Indicators Ongoing and Indicative WBG Program Target: 50,000 (20,000 men and 30,000 ₋ Jobs TA (P156586) (completed) women) (2021) ₋ Youth Employment Programs (P166304) (ongoing – FY20 completion) ₋ RSR 12: Citizen Engagement for Effective Targeting of Social Protection (P164794) (ongoing - FY20 completion) ₋ Bangladesh- Impact Evaluation of a G2G agreement to facilitate international migration (P165050) (completed) ₋ Streamlining Safety Net Payments (P166671) (ongoing- FY22 completion) ₋ Youth Employment Program ASA (P164794) (pipeline – FY20 completion) ₋ Bangladesh Social Protection Public Expenditure Review (P169011) (ongoing- FY20 completion) ₋ Strengthening Migration Systems for Poor and Low Skilled Migrants (South Asia) (Regional- South Asia) (P164964) (ongoing- FY20 completion) ₋ Job Matching in the International Labor Market (Global) (P168563) (ongoing- FY20 completion) ₋ Social Protection Interventions for the Urban Poor and Migrants: Evidence and Learning for Solutions in Bangladesh (P168426) (ongoing- FY21 completion CPF Objective 2.4. Enhanced income opportunities for the poor and vulnerable (reformulated) 26 CPF Objective and Indicators Supplementary Indicators Ongoing and Indicative WBG Program 2.4.1. Number of households in the poorest 2.4.1a. 360,000 females participating in Financing – Closed/Ongoing districts with income increase of at least 30%72 community-based decision-making structure by ₋ Social Investment Program Project II (existing) 2020 (Closed) Baseline: 6000 (2015) ₋ Afforestation and Reforestation Target: 230,000 o/w 180,000 female HH Project (CRPARP) (closed) (2021) ₋ Northern Areas Reduction-of-Poverty Initiative Project -- Women's Economic 2.4.2. Number of jobs created through Empowerment Project (P114841) vocational training and special economic (closed) zones73 (reformulated) ₋ Nuton Jibon Livelihood Improvement Baseline: 18,27974 (2015) Project (P149605) Target: 82,00075 (o/w 25% women) (2021) ₋ Skills and Training Enhancement (P090807) ₋ Skills and Training Enhancement AF (P155389) ₋ Private Sector Development Support (P120843) ₋ AF Private Sector Development Support (P156242) Financing - Indicative ₋ BD Integrated Digital Govt. Project (LICT 2) (P161086) ASA – Completed/Ongoing/Pipeline ₋ Global Index Insurance Facility (IFC) (ongoing) ₋ Skills Development of Entrepreneurs (P157363) (completed) 72 Combined targets of Nuton Jibon Livelihood Improvement Project (200,000) + Social Investment Program and CRPARP (32,000). 73 Jobs through training are mostly in manufacturing and economic zones areas jobs are either construction and IT. 74 Baseline number is from the Skills and Training Enhancement Project which is a cumulative number from cycle 1 to 7. 75 Combined targets: Skills and Training Enhancement Project (32,000)+Nuton Jibon Livelihood Improvement Project (25,000)+Private Sector Development Project (25,000). 27 CPF Objective and Indicators Supplementary Indicators Ongoing and Indicative WBG Program ₋ Skills for Growth in Bangladesh - programmatic ASA (P162408) (completed) ₋ Better Jobs for All: Bangladesh Jobs Platform (P165929) (ongoing - FY21 completion) ₋ Agriculture Strategies Development (ASD) for Diversification, Value Chains Development, and Inclusive Jobs (P168177) (ongoing- FY20 completion) CPF Objective 2.5: Increased access to basic services for the displaced Rohingya population (new) 2.5.1. Number of displaced Rohingya Financing – Closed/Ongoing population children enrolled in non-formal - Health Sector Support Project AF 76 learning centers (new) (P167672) Baseline: 0 (2018); - Additional Financing for the Reaching Target: 5150,000 (2021) Out of School Children (ROSCII) (P167870) 2.5.2. Number of children (ages 0-11 months) - Emergency Multi-Sector Rohingya among Rohingya population received three Crisis Response (P167762) 77 doses of Pentavalent immunization (new) Financing – Pipeline Baseline: 221 (2017) - Additional Financing for Social Safety Target: 5000 (2021) Net - Additional Financing for Emergency 2.5.3. Number of women and girls with access Multi Sector Rohingya Crisis Response 78 to GBV services (new) ASA – Closed/Ongoing/Pipeline Baseline: 0 (2018) ₋ Poverty Footprint for Bangladesh Target: 10,000 (2021) (pipeline) Focus Area 3: Climate and Environment Management CPF Objective 3.1. Increased resilience of population to natural disasters in urban and coastal areas (existing) 76 AF Reaching Out of School Children (ROSC II) (P167870). 77 Health Sector Support Project AF (P167672). 78 Emergency Multi-Sector Rohingya Crisis Response (P167762). 28 CPF Objective and Indicators Supplementary Indicators Ongoing and Indicative WBG Program 3.1.1. Number of wards with decentralized 3.1.1a. 700 km length of embankment Financing – Closed/Ongoing emergency response services in Dhaka and upgraded in vulnerable coastal districts (2020) ₋ Emergency 2007 Cyclone Recovery Sylhet79 (existing) (target revised) and Restoration (P111272) (closed) Baseline: 0 (2015) ₋ Coastal Embankment Improvement Target: 68 (Dhaka); 20 (Sylhet) (2021) 3.1.1b. Number of select upazilas receiving Project - Phase I (CEIP-I) (P128276) agro weather bulletins (target revised) ₋ Multipurpose Disaster Shelter 3.1.2 Number of people with access to Baseline: 0 (2015) (P146464) multipurpose shelters in vulnerable coastal Target: 20 (2020) ₋ Bangladesh Urban Resilience districts80 (reformulated) (P149493) Baseline: 0 (2015) ₋ Regional Weather and Climate Target: 1,200,000 (o/w 50% female) (2021) Services (P150220) ASA – Completed/Ongoing/Pipeline 3.1.3 Number of people protected from tidal ₋ Multisector approaches to Delta and coastal surges in select areas81 Management (P154414) (completed) (reformulated) ₋ Global Index Insurance Facility (IFC) Baseline: 0 (2015) (ongoing) Target: 760,000 (o/w 50% female) (2021) ₋ Catalyzing Climate Markets (P169188) (ongoing – FY20 completion) ₋ Agriculture Strategies Development (ASD) for Diversification, Value Chains Development, and Inclusive Jobs (P168177) (ongoing – FY20 completion) CPF Objective 3.2. Improved access to sustainable water resources (new) 3.2.1. Number of people in selected rural and Financing – Closed/Ongoing urban areas provided with access to improved ₋ Rural Water Supply and Sanitation water sources82 (new) (P122269) (Closed) 79 The targeted wards cover 75% of all wards in Dhaka and Sylhet, and are within 5km radius of emergency response services, e.g. fire services and civil defense, emergency management and communications technology. The program will directly benefit 15.5 million people of which 48% are women. WB Project: Bangladesh Urban Resilience (P149493). 80 Multipurpose Disaster Shelter (P146464). 81 Coastal Embankment Improvement Project . 82 Rural Water Supply and Sanitation (P122269) and BD Chittagong Water Supply and Sanitation (P103999). 29 CPF Objective and Indicators Supplementary Indicators Ongoing and Indicative WBG Program Baseline: Rural: 0; Urban: 1500 (2015) ₋ OBA Sanitation Microfinance Program Target: Rural: 924,000 (o/w 462,000 female); (P157958) (closed) Urban: 648,000 (o/w 324,000 female) (2021) ₋ BD Chittagong Water Supply and Sanitation Project (P103999) 3.2.2. Water saved through resource Financing – Pipeline efficiency interventions (cubic meter/year)83 ₋ Bangladesh Municipal Water Supply (new) and Sanitation (P161227) Baseline: 7,848,256 (20157) ₋ Dhaka Sanitation Improvement Target: 25,000,000 (2021) Project (P161432) ₋ Leveraging Microfinance for Improved Sanitation and Water Supply in Bangladesh ASA – Completed/Ongoing/Pipeline - Private Operators and Investors in Water Supply in Bangladesh (P149962) (completed) ₋ Water Platform and Strategy Development and ASA (P166452) (completed) CPF Objective 3.3: Increased adoption of sustainable agricultural practices (existing) 3.3.1. Number of farmers who adopt 3.3.1a. Number of operational water user Financing – Closed/Ongoing improved agricultural technologies84 (revised) associations created and strengthened ₋ National Agriculture Technology Baseline: 0 (2015) Baseline: 850 (2015) Program 2 (P149553) Target: 684,017 (o/w 35% female) (2021) Target: 1,500 (2020) ₋ Modern Food Storage Facilities (P120583) 3.3.2. Additional area provided with improved 3.3.1b. Number of research technologies ₋ Water Management Improvement irrigation and drainage services in select areas demonstrated in targeted areas (P040712) (ha) (reformulated) Baseline: 0 (2015) 83 Monitored by the IFC. 84The target for IDA is 602,000 farmers (from National Agriculture Technology Program 2 (P149553) and Modern Food Storage Facilities (P120583)) and for IFC is 82,017 farmers (it is the difference between IFC baseline of 15,343 (2017) and target of 97,360 (2021)). The target of 35% female applies to the WB target. 30 CPF Objective and Indicators Supplementary Indicators Ongoing and Indicative WBG Program Baseline: 800,000 (2015) Target: 40 (2020) ₋ Livestock and Dairy Development Target: 1,300,000 (2021) 85 (P161246) ₋ PRAN Group, Natore Agro, Dairy (IFC) Financing – Pipeline ₋ Climate Smart Agriculture and Water Management Project (P161534) ₋ AF-Modern Food and Storage Facilities (P168484) ASA – Completed/Ongoing/Pipeline ₋ Bangladesh Investment Climate for Industry- Agribusiness (IFC) (completed) ₋ Dynamics of Rural Growth (P132701) (completed) ₋ Climate Smart Agriculture Investment Plan (ongoing) ₋ Article 5 Climate Finance Instrument (ongoing) ₋ Advisory services on sustainable small agribusiness technology and practice (IFC) (ongoing) 85 Target based on Water Management Improvement (P040712) and AF Water Management Improvement Project. 31 Annex 2: Summary of Proposed Changes to the Original CPF Results Matrix Original CPF Objectives and Indicators Proposed Revision Rationale for Change Focus Area 1: Growth and Competitiveness Objective 1.1: Increased power generation Maintained. capacity & access to clean energy 1.1.1 Additional generation capacity Target revised. Project preparation for IDA SREP took longer increased in select plants 1.1.1. Additional generation capacity than anticipated, impacting implementation. Grid: Baseline: 490 MW (2015); Target: increased in select plants Thus, the target for generation capacity 2,800MW (2020) Grid: Baseline: 490 MW; Target: 2,705MW through grid has been revised slightly Off grid (solar): Baseline: 24 MW (2015); (2021) downward from 2,800MW to 2,705 MW to Target: 88 MW (2018) Off grid (solar): Baseline: 24MW; Target: 85 be more realistic. MW (2021) The off-grid generation target has been revised downward from 88MW to 85 MW to be more realistic as the follow up AF- RERED became operational recently to implement the remaining target. 1.1.2 Number of households and businesses Reformulated and target revised. The target has been revised to be consistent in rural areas with access to clean (solar) 1.1.2 Additional households and businesses with the ongoing IDA RERED II, which energy86 in rural areas with access to clean (solar) contributes to this objective indicator. Baseline: 935,000 (2015) energy Target: 2,100,000 (2018) Baseline: 935,000 (2015) Target: 8,149,578 (o/w 60% women led households) (2021) 1.1.3 Annual gas supply capacity increased New indicator added to account for IFC's Baseline: 0 (2015) significant investment(s) in LNG project(s) Target: 3.5 million metric tons per annum (2021) Supplementary indicators: Maintained. N/A 86 AF- RERED II (P165400) will support select rural areas which do not have access to grid energy in the medium term, as a least cost option for providing electricity. 32 Original CPF Objectives and Indicators Proposed Revision Rationale for Change 400 km transmission line constructed and rehabilitated (2020) 6,240 km of distribution line constructed Maintained. N/A and rehabilitated (2020)87 Number of solar home systems installed Maintained. N/A Baseline: 824,000 (2015) Target: 1,030,000 (2018) Objective 1.2: Improved transport Maintained. N/A connectivity 1.2.1 Percentage of population living within Reformulated. The indicator was reformulated to be more 2 km of all-season road in select rural areas 1.2.1. Increase in population living within specific and realistic with respect to results Baseline: 60% (2015) 2km of all season upazila and union roads achieved through the current transport Target: 64 % (2018) improved in select districts engagement (i.e. Second Rural Transport Baseline: 0% (2015) Improvement project). The target covers 22 Target: 2.8% (2021) million beneficiaries in select districts. 1.2.2 River channel maintenance contracts Dropped. Due to implementation delays of the implemented and monitoring mechanism in Regional Water Way Transport project, the place88 result will not be evident during the CPF Baseline: None (2015) period. Target: Yes (2020) Supplementary indicators Maintained. N/A 600 km of upazila roads upgraded (2018)89 3,500 km of roads rehabilitated (2018) Maintained. N/A Number of river ports with women-friendly Dropped. The work to build women-friendly river ports facilities built/improved facilities are in early stages and will not be Baseline: 0 (2015) completed during the CPF period. 87 Baseline 0. 88 For Meghan, Dhaleswari and Buriganga rivers. 89 Baseline 0. 33 Original CPF Objectives and Indicators Proposed Revision Rationale for Change Target: 3 (2020) CPF Objective 1.3: Improved delivery of Maintained. N/A basic services in urban areas 1.3.1 Number of municipalities along the Maintained. N/A Dhaka Chittagong corridor demonstrating improved performance90 Baseline: 12 (2015) Target: 26 (2020) 1.3.2 Number of beneficiaries with improved Reformulated and target revised The formulation of the indicator has been living condition in select urban slums revised to be consistent with the ongoing Baseline: 0 (2015) Number of beneficiaries in select Low Income Community Housing Project. Target: 70,000 (2020) settlements with improved access to and quality of services The target has been revised upward from Baseline: 0 (2015) 70,000 to 80,000. Access to services include Target: 80,000 (o/w women 50%)(2021) water, sanitation, roads, electricity and housing loans of which 20,000 will be provided with housing loans. Supplementary Indicator: Maintained. N/A Number of urban local bodies with investment plans prepared in a participatory manner Baseline: 0 (2015) Target: 40 (2020) Objective 1.4: Enhanced business Maintained. N/A environment and trade facilitation 1.4.1 Reduced border crossing time at key Dropped. Limited progress has been made in land ports constructing the physical infrastructure under Baseline: 48 hours (2015) the Regional Connectivity project, so the Target: 36 hours (2020) 90Annual performance improvement is based on 10 pre-determined indicators that measure Urban Local Bodies’ (ULB) performance in three areas of municipal functions: (i) municipal planning, (ii) social accountability strengthening and (iii) public financial management and revenues. ULBs achieving an aggregate score of 5, 6 or 7 will be considered to have passed the assessment. 34 Original CPF Objectives and Indicators Proposed Revision Rationale for Change result will not be achieved by the end of the CPF period. 1.4.2 Direct investment in select economic Target revised. The target has been revised from $200m to zones 1.4.2 Direct investment in select economic $2b to reflect the steady and substantial Baseline: US$15m(2015) zones progress in direct private investments Target: US$ 200m (2020) Baseline: US$15m (2015) through the IDA Private Sector Development Target: US$2b (2021) Program and IFC’s technical assistance which was not envisaged when the CPF was being developed. New objective indicator The new indicator has been added to reflect the enhanced policy dialogue and reforms in Time and cost to set up a business business regulations through the Jobs DPC. Baseline: Time: 19.5 days; Cost: 22.3% income/capita (2019) Target: 25% reduction from the baseline (2021) Supplementary Indicators Dropped. The indicator was dropped due to delays in improving/building land ports under the Number of land ports improved or built Regional Connectivity project. Baseline: 0 (2015) Target: 2 (2020) Number of economic zones license issued Maintained. N/A Baseline: 6 (2015) Target: 15(2020) Number of key regulatory reforms areas Maintained. N/A related to competitiveness adopted Baseline: 0 (2015) Target: 6 (2020) Objective 1.5: Increased financial Objective 1.5: Increased financial intermediation intermediation 1.5.1 Outstanding long-term finance of Reformulated and target revised. The indicator has been reformulated to participating financial institution for reflect both WB and IFC interventions in short- and long-term financing provided to 35 Original CPF Objectives and Indicators Proposed Revision Rationale for Change manufacturing, services and infrastructure Short- and long-term finance provided to financial institutions and /or corporates. The investments participating financial institutions and target has been revised from $4.5b to $5.6b, Baseline: $3.3b (2015)91 corporates which is consists of $400m IDA FSSP, $750m Target: $4.5b (2020)92 Baseline: $3.3b (2015) IDA IPPF for long term finance and $4.5b IFC Target: $5.6b (additional from the baseline)93 short and long-term finance. (2021) 1.5.2 Number of Core Banking Principles on Moved to supplementary indicator. The target year has been adjusted to 2021 to which Bangladesh Bank is judged as largely reflect the revised CPF period and the compliant indicator has been moved to supplementary Baseline: 4 (2015) indicator monitors support for strengthening Target: 12 (2020) the financial stability of the banking sector, which is critical for increasing financial intermediation. 1.5.3 Number of customers with access to Maintained. N/A digital financial services94 Baseline: 20 million (2015) Target: 30 million (2018) New Objective Indicator IFC indicator has been added to capture SME reach of IFC investment projects. 1.5.4 Number of SMEs with access to financial services Baseline: 48,458 (2015) Target: 100,000 (2021) Supplementary Indicator Maintained. N/A Ratio of non-performing loans in participating financial institutions in foreign denominated long-term finance portfolio. Baseline: 10 (2015) 91 Baseline = $350m (IDA IPPF) +$2.9b (IFC). 92 Target = $550m (IDA FSSP) + $750m (IDA IPPF) +$3.2b (IFC). 93 $400m (IDA FSSP)+$750m (IDA IPPF)+$4.5 b ($2.5b long term finance and $2b short term finance) (IFC). 94 IFC support for e-payment and remittance services. 36 Original CPF Objectives and Indicators Proposed Revision Rationale for Change Target: 7 (2020) Financial inclusion strategy drafted and Dropped. The indicator is not being monitored. approved Central Record mechanism established for Dropped. The indicator cannot be measured as the voluntary pensions scheme pension component was dropped from the ongoing Insurance Sector Development Project. Focus Area 2: Social Inclusion Objective 2.1: Improved equity in access and Maintained. N/A quality of education 2.1.1 Number of previously out-of-school Target revised. The target has been revised to incorporate children95 enrolled in primary schools in the follow up operation that will continue to underserved upazilas and urban slums Number of previously out-of-school children support equity in access to education for out Baseline: 300,000 (female: 150,000, male: enrolled in primary schools and learning of school children in targeted upazilas and 150,000) (2015) centers in underserved upazilas and urban urban slums. Target: 400,000 (female: 200,000; male: slums 200,000) (2017) Baseline: 300,000 (female: 150,000, male: 150,000) (2015) Target: 800,000 (o/w female 50%) (2021) 2.1.2 Increased secondary gross enrollment Dropped. The indicator covers national level gross ratio (GER) for the poorest quintile enrollment. Thus, it is not possible to Baseline: 44% (female: 48%; male: 40%) attribute changes in gross enrollment to Bank (2015) intervention, which covers poor children in Target: 47% (female: 51%; male: 43%) (2017) targeted municipalities and is not nation- wide. 2.1.3 Improved average score on competency Dropped. The indicator has been dropped as the data based in Primary Education Completion Exam for PECE exam is not being published at grade 5 regularly and the WB does not monitor the Baseline: Math 63 & Science 66 (2014) indicator. 95 Out-of-school children is defined as children aged 6-14 who never enrolled in any schooling or dropped out for more than six months. The Bank Primary Education Development Project and Reaching Out of School Children will support the 100 most deprived upazilas and 15 urban slums based on school participation and schooling opportunities. 37 Original CPF Objectives and Indicators Proposed Revision Rationale for Change Target: Math 67 & Science 68(2017) New objective Indicator A new indicator related to access in secondary education has been added to Grade 10 retention rate reflect WB’s engagement in Secondary Baseline: All 69%; Girls: 66%; Disadvantaged Education through the Transforming students: 62% (2017) Secondary Education for Results Operation. Target: All 72%; Girls: 70% Disadvantaged students: 64% (2021) New objective indicator A new indicator related to quality of education has been added. The indicator Grade 8 students achieving grade level represents grade level competency in mother competency in Bangla and Math language (Bangla) and Math. The WB’s Baseline: Bangla 54%; Math: 57.5% (2015) ongoing Transforming Secondary Education Target: Bangla 56%; Math 59% (2021) Results project monitoring the progress. Supplementary Indicator The indicator was achieved before the CPF period. Therefore, it cannot be qualified for Second Chance Education Unit at Dropped. attribution under the current CPF. Directorate of Primary Education established and functional Stipend program for the economically poor Maintained. N/A students at secondary levels implemented in 215 of the poorest upazilas CPF Objective 2.2: Improved access to Maintained. N/A quality maternal and infant health services 2.2.1 Percentage of deliveries by skilled birth Target year revised. The target year has been extended to 2021 to attendant among the two lowest quintile align with the revised CPF period. wealth group Baseline: 23% (2014) Target: 27% (2020) 2.2.2 Coverage of measles immunization for Maintained. N/A children under 12 months of age 38 Original CPF Objectives and Indicators Proposed Revision Rationale for Change Baseline: 85% (2014) Target: 87% (2020) New Indicator: A new indicator has been added to monitor the progress in addressing chronic Children under 2 years of age receiving malnutrition challenges in the lagging regions nutrition services in Sylhet and Chittagong of Bangladesh. The indicator is consistent division with the WB’s ongoing Health Sector Support Baseline: 0% (2017) Project, and with government’s interest to Target: 20% (2021) address the lagging areas of its Human Capital Index. Supplementary Indictors Maintained. N/A Proportion of women receiving postnatal care within 48 hours (at least one visit) Baseline: 34 % (2014) Target: 38% (2020) Percentage of children age 6 to 59 months Dropped. While progress was made, this was not due who received vitamin A supplements to the WB’s intervention has and so this Baseline: 62.1% (2014) supplementary indicator is being dropped. Target: 65% (2020) Proportion of health facilities with essential Dropped. While the indicator was achieved, the medicines in stock indicator is no longer being monitored by the Baseline: 74 % (2014) WB. Target: 78% (2020) CPF Objective 2.3: Improved social Maintained. N/A protection coverage for the poor 2.3.1 Number of targeted poorest Reformulated and target revised. The objective indicator was reformulated, beneficiaries receiving social protection and target has been increased from 12.1 benefits 2.3.1 Additional beneficiaries receiving social million to 18 million to reflect the four new Baseline:11.6 million (6.8m men, 4.8m protection benefits government programs supported by the WB’s women) (2015) Baseline: 11.6 million (6.8m men, 4.8m Cash Transfer Modernization project. The Target: 12.1 million (4.7m men, 7.4m women) women) (2015) beneficiaries are the bottom 40 percent. (2020) Target: 18 million (12.2m men, 5.8 m women) (2021) 39 Original CPF Objectives and Indicators Proposed Revision Rationale for Change 2.3.2 Percentage of beneficiaries of six Reformulated and target revised. Initially, the government was expected to major social safety net program registered establish the Bangladesh Poverty Database. in the Bangladesh Poverty Database 2.3.2. Percentage of population registered in However, the government decided to focus Baseline: 0% (2015) the National Household Database on building the National Household Target: 50% (2020) Baseline: 0% (2015) Database. As a result, the objective indicator Target: 80% (2021) was reformulated, and the target revised to measure the share of the total population registered in the National Household Database. Supplementary Indicators Maintained. N/A Automated administrative systems in place for six major safety net programs New indicator: The indicator has been added to reflect WB’s Number of beneficiary households reached support to address Rohingya refugee crisis by community works and services among through various works and services program. displaced Rohingya population The indicator will be monitored through the Baseline: 0 (2018) Emergency Multi-Sector Rohingya Crisis Target: 50,000 (20,000 women, 30,000 men) Response project. (2021) CPF Objective 2.4: Enhanced rural income Reformulated. The objective has been revised to reflect opportunities for the poor enhanced income opportunities for both Enhanced income opportunities for the poor rural and urban poor and vulnerable people and vulnerable through selected WB’s interventions. 2.4.1 Number of households in the poorest Target year revised. The target year has been revised to 2021 to districts with income increase of at least be consistent with the revised CPF period. 30% Baseline: 6000 (2015) Target: 230,000 o/w 180,000 female HH (2020) 40 Original CPF Objectives and Indicators Proposed Revision Rationale for Change 2.4.2 25,000 youth employed through Reformulated. The indicator has been adjusted to reflect job training program and sustained for at least opportunities created through various WB one year Number of jobs created through vocational operations. The target number is a training and special economic zones combination of three ongoing WB projects96. Baseline: 18,279 (2015) Target: 82,000 (o/w 25% women)(2021) Supplementary Indicators: Maintained. N/A 360,000 females participating in community- based decision-making structure by 2020 Number of forest dependent community Dropped. The indicator as the Climate Resilient groups formed and empowered. Afforestation and Reforestation project was Baseline:200 (2015) closed in 2016, and no follow-on project Target: 1,000 (2020) materialized d to contribute to this indicator. New Objective A new objective has been added to monitor results of WB support for addressing the Objective 2.5: Increased access to basic Rohingya refugee crisis. services for the Displaced Rohingya Population New indicator: A new indicator has been added to measure results achieved in improving access to 2.5.1. Number of displaced Rohingya informal education for the displaced population children enrolled in non-formal Rohingya children and adolescents. learning centers97 Baseline: 0 (2018); Target: 150,000 (o/w 50% female) (2021) 96 Skills and Training Enhancement Project; Nuton Jibon Livelihood Improvement Project and Private Sector Development Project. 97 AF Reaching Out of School Children (ROSC II) (P167870). 41 Original CPF Objectives and Indicators Proposed Revision Rationale for Change 2.5.2 Number of children (ages 0-11 months) A new indicator has been added to measure among Rohingya population received three results achieved in providing immediate care doses of Pentavalent immunization98 of immunization services to the displaced Baseline: 221 (2017) Rohingya children which will help reduce Target: 5000 (2021) infant mortality and morbidity. 2.5.3. Number of women and girls with A new indicator has been added to measure access to GBV services results achieved in providing Baseline: 0 (2018) immediate care for survivors of gender‐based Target: 10,000 (2021) violence among displaced Rohingya women and girls. Focus Area 3: Climate and Environment Management CPF Objective 3.1. Increased resilience of Maintained. N/A population to natural disasters in urban and coastal areas 3.1.1 Number of wards with decentralized Target year revised. The target year has been changed to 2021 to emergency response services in Dhaka and align with the revised CPF extension. Sylhet Baseline: 0 (2015) Target: 68 (Dhaka); 20 (Sylhet) (2020) 3.1.2 Additional people with access to Target year revised. The target year has been changed to 2021 to multipurpose shelters in vulnerable coastal align with the revised CPF extension. districts by 2020 Baseline: 0 (2015) Target: 1,200,000 o/w 50% female (2020) 3.1.3 Number of people protected from tidal Reformulated. The objective has been revised from “tidal and storm surges in select areas Number of people protected from tidal and and storm surges” to “tidal and coastal Baseline: 0 (2015) coastal surges in select areas surges” to be consistent with the WB’s Target: 760,000 o/w 50% female (2020) Baseline: 0 (2015) ongoing engagements in improving access to Target: 760,000 (o/w female 50%) (2021) infrastructure services in tidal and coastal areas. 98 Health Sector Development AF (P167672). 42 Original CPF Objectives and Indicators Proposed Revision Rationale for Change Supplementary Indicator: Target revised. The target has been revised from 1,000 km to 700 km to reflect implementation progress of 1,000 km length of embankment upgraded 700 km length of embankment upgraded in the ongoing Coastal Embankment Project. in vulnerable coastal districts (2020) vulnerable coastal districts (2020) Number of select upazilas receiving agro Target revised. The target has been revised from 50 upazilas weather bulletins to 20 upazilas which is aligned with Baseline: 0 (2015) Number of select upazilas receiving agro implementation progress of the ongoing Target: 50 (2020) weather bulletins Regional Weather and Climate Services Baseline: 0 (2015) Project. Target: 20 (2020) CPF Objective 3.2: Improved water resource Dropped. The objective has been dropped as it relied infrastructure for climate resilience on one project - the River Management Improvement project - which did not materialize. It is being replaced with a new objective per below. 3.2.1 Number of people protected against Dropped. The indicator cannot be monitored as the Brahmaputra river erosion and flooding anticipated River Management Improvement Baseline: 0 (2015) project did not materialize. Target: 300,000 (2020) 50km length of embankment and erosion Dropped. Same as above. protection completed Brahmaputra riverbank New Objective: The new objective has been added to reflect WB’s focus on water resource management 3.2: Improved access to sustainable water and access to clean water. resources New indicator: The indicator has been added to be consistent with the WB’s engagement in 3.2.1 Number of people in selected rural and water resource management and access to urban areas provided with access to water services. It will monitor access to safe improved water sources and clean water sources for the underserved Baseline: Rural: 0; Urban: 1500 (2015) 43 Original CPF Objectives and Indicators Proposed Revision Rationale for Change Target: Rural: 924,000 (o/w 462,000 female); population in selected low- income Urban: 648,000 (o/w 324,000 female) (2021) communities and rural households. 3.2.2 -Water saved through resource Additional indicator to reflect IFC’s efficiency interventions (cubic meter/yr) contributions to reduce water usage, and Baseline: 7,848,256 (2015) thus contribute to sustainable water Target: 25,000,000 (2021) resources management and access to water. CPF Objective 3.3: Increased adoption of Maintained. N/A sustainable agricultural practices 3.3.1 Number of farmers who adopt Target year extended. The target year has been extended to 2021 to improved agricultural technologies be consistent with the revised CPF period. Baseline: 0 (2015) The target has been revised to include IFC's Target: 684,017 (2021)99 additional 82,017 farmers reached, which had not been included earlier. 3.3.2 Area provided with improved irrigation Reformulated. The indicator has been slightly reformulated and drainage services in select areas (ha) to that it is measuring the additional area Baseline: 800,000 (2015) Additional area provided with improved with improved irrigation and drainage Target: 1,300,000 (2020) irrigation and drainage services services over the baseline of 800,000. Baseline: 800,000 (2015) Target: 1,300,000 (2021) Supplementary Indicators Maintained. N/A Number of operational water user associations created and strengthened Baseline: 850 (2015) Target: 1,500 (2020) Number of research technologies Maintained. N/A demonstrated in targeted areas Baseline: 0 (2015) Target: 40 (2020) 99 The target is IDA 602,000 farmers (from National Agriculture Technology Program 2 (P149553) and Modern Food Storage Facilities (P120583)) and IFC 82,017 farmers (it is the difference between IFC baseline of 15,343 (2017) and target of 97,360 (2021)). The target of 35% female applies to the WB project. 44 Annex 3: Summary of Progress Towards Achieving Original CPF Objectives CPF Objectives Indicators Supplementary Progress Status of Objective Indicators Status of Supplementary Indicators Indicators Focus Area 1: Growth and Competitiveness CPF Objective 1.1: Increased power generation capacity & access to clean energy 1.1.1 Additional generation On Track. 400 km transmission line Off track. capacity increased in select Grid: An increase of 2,531 MW in constructed and 346 km of km of transmission lines plants generation capacity in select plants rehabilitated (2020)104 have been constructed. Grid IDA: 457 MW (Ghorashal Baseline: 490 MW (2015)100 240MW103, Siddhirganj 217 MW) 101 Target: 2,800MW (2020) IFC: 1,399 MW (Bibiyana II, Ashuganj, Summit and Sirajganj) Off grid (solar) MIGA: 675 MW (Sirajganj 225 MW, Baseline: 24 MW (2015) Ashuganj 450 MW) 102 Target: 88 MW (2018) Off grid: 53 MW of grid installed 1.1.2 Number of households and Achieved. 6,240 km of distribution line On track. businesses in rural areas with 2,864,578 (IDA 2,588,000 and IFC constructed and 6150 km of distribution line is access to clean (solar) energy105 276,578) households have access rehabilitated (2020)106 being constructed. Baseline: 935,000 (2015) to clean energy. IDA 2.5 million Target: 2,100,000 (2018) beneficiaries represent 14% of the country’s population. 100 210 MW (MIGA) + 180 MW (Ghorashal - IDA) + 108 MW (IFC). 101 335 MW (Siddhirganj - IDA) + 400MW (Ghorashal – IDA) + 170 MW (SREP – IDA) + 1050 MW (MIGA) + 900 MW (IFC). 102 56 MW (RERED - IDA) + 32 MW (SREP – IDA). 103With WB financing, a new gas turbine unit of 240MW is in operation. However, the old 170MW steam turbine (which is the baseline capacity number also) is currently shut down for refurbishing. Once the old steam turbine upgrading is completely, the total generation will be 410MW. 104 Baseline 11 km (Siddhirganj). 105 Program will support select rural areas which do not have access to grid energy in the medium term, as a least cost option for providing electricity. 106 Baseline 0. 45 CPF Objectives Indicators Status of Objective Indicators Supplementary Progress Status of Supplementary Indicators Indicators Number of solar home Achieved. systems installed 1,217,869 solar home systems have Baseline: 824,000 (2015) been installed through IDA and IFC Target: 1,030,000 (2018) Program (IDA: 1,204,912; IFC: 12,957) CPF Objective 1.2: Improved transport connectivity 1.2.1 Percentage of population Not available. 3,500 km of roads Achieved. living within 2 km of all-season rehabilitated (2018)108 4,428 km of roads have been road in select rural areas107 The indicator cannot be measured rehabilitated. Baseline: 60% (2015) as it was poorly specified and Target: 64 % (2018) unreflective of the actual World Bank’s interventions. The project was restructured, and the indicator was dropped. The revised indicator reflects the road network and actual population along the WB’s interventions using the govt’s spatial database. According to revised indicator there is an increase of 2.8 percent of population living within 2 km of all- season roads in 26 targeted districts. 1.2.2 River channel maintenance Not on track. 600 km of upazila roads Achieved contracts implemented and Slow progress in implementation. upgraded (2018)110 829 km of the selected upazila monitoring mechanism in roads upgraded. place109 107 The target of 64% covers approximately 22 million beneficiaries in 26 districts. 108 Baseline 0. 109 For Meghna, Dhaleswari and Buriganga rivers. 110 Baseline 0. 46 CPF Objectives Indicators Status of Objective Indicators Supplementary Progress Status of Supplementary Indicators Indicators Baseline: None (2015) Target: Yes (2020) Number of river ports with Not on track. women-friendly facilities Consultants hired, and the design built/improved111 of passenger terminals is being Baseline: 0 (2015) developed. Target: 3 (2020) CPF Objective 1.3: Improved delivery of basic services in urban areas 1.3.1 Number of municipalities Achieved. Number of urban local Achieved. along the Dhaka Chittagong 26 urban local bodies bodies with investment 55 urban local bodies have corridor demonstrating demonstrated improvements - plans prepared in a prepared investment plans in a improved performance112 achieved an aggregate rating of at participatory manner participatory manner. Baseline: 12 (2015) least 60% in key performance Baseline: 0 (2015) Target: 26 (2020) targets for the first performance Target: 40 (2020) assessment in municipal planning, social accountability, public financial management and revenue. 1.3.2 Number of beneficiaries Not on track. with improved living condition in The Low-Income Community select urban slums113 Housing Project had a slow start Baseline: 0 (2015) and made limited progress in Target: 70,000 (2020) upgrades of informal settlements and housing loans. As of February 2019, 759 families received housing loans to build improved houses. 111 These include the three river ports of Shoshanghat, Chandpur and Narayanganj where it is a challenge for women, children, the elderly and disabled to embark and disembark. 112 Annual performance improvement is based on 10 pre-determined indicators that measure Urban Local Bodies’ (ULB) performance in three areas of municipal functions: (i) municipal planning, (ii) social accountability strengthening, and (iii) public financial management and revenues. ULBs achieving an aggregate score of 5, 6 or 7 will be considered to have passed the assessment. 113 Improved living conditions refers to improved access to services in water supply and sanitation, drains, roads and electricity. 47 CPF Objectives Indicators Status of Objective Indicators Supplementary Progress Status of Supplementary Indicators Indicators NHA has published one National Competitive Bidding (NCB) contract for development of a settlement area and awarded three Community Based Contract (CBC) in Sirajgong to construct road, drains, sewerage system and land development for a total number of 445 families. CPF Objective 1.4: Enhanced business environment and trade facilitation 1.4.1 Reduced border crossing Not on Track. Number of land ports Not on track. time at key land ports114 The land ports component of the improved or built The Regional Connectivity Project is Baseline: 48 hours (2015) Regional Connectivity Project Baseline: 0 (2015) facing implementation challenges, Target: 36 hours (2020) facing implementation challenges Target: 2 (2020) and PIU not fully operational. since its effectiveness (January 2018). No physical work has started. As such no progress on reducing border crossing time. 1.4.2 Direct investment in select Achieved. Number of economic zones Achieved. economic zones As of June 2018, $1.83b direct license issued As of February 2019, 21 economic Baseline: $15m (2015)115 private investments were made in Baseline: 6 (2015) zones licensed were issued. Target: $200m (2020)116 17 Economic Zones. 21,000 jobs Target: 15(2020) were facilitated through Private Sector Development program. IFC’s TA complemented efforts in bringing investors through PPP 114 Bhomra and Sheola land ports are key for facilitating bilateral and transit trade between Northeast India, West Bengal and Bangladesh. Sheola border crossing could also facilitate Bhutanese trade. 115 Baseline for Private Sector Development Support project (PSDSP). 116 Target = $30m (PSDSP) + $170m (IFC Bangladesh Investment Climate Fund-2). 48 CPF Objectives Indicators Status of Objective Indicators Supplementary Progress Status of Supplementary Indicators Indicators concessions, and investment promotion. Number of key regulatory On track. reforms areas related to Number of competitiveness competitiveness adopted117 reforms have been adopted: (i) Baseline: 0 (2015) One Stop Shop enacted in February Target: 6 (2020) 2018; (ii) Customs Modernization and Strategic Action Plan 2019-22 published in July 2019; (iii) simplification of process for duty draw back access of leather, leather goods and footwear; (iii) budget proposals to support reforms in import duty and VAT; (iv) VAT exemptions for local motorcycle and parts. Others include: Ratification of Customs Act 2019; National Single Window for trade and law; Customs Risk Management Directorate; Seven regulatory process for investors; Bonded warehouse regulations and Companies Act. CPF Objective 1.5: Increased financial intermediation 1.5.1 Outstanding long-term Not available. Ratio of non-performing Achieved. finance of participating financial There is a definitional issue with loans in participating Ratio of non-performing loans in institution for manufacturing, the indicator. The term financial institutions in participating financial institutions services and infrastructure “outstanding” is a stock indicator foreign denominated long- declined to zero, implying that investments and does not capture the progress term finance portfolio none of the sub-loans to 117 Reform areas include new companies act, inspection regime, investment promotion, customs law, border/customs clearance time, and trade tariffs. 49 CPF Objectives Indicators Status of Objective Indicators Supplementary Progress Status of Supplementary Indicators Indicators Baseline: $3.3b (2015)118 made by the WBG projects. The Baseline: 10 (2015) enterprises supported by the FSSP Target: $4.5b (2020)119 target of $4.5b is a flow indicator Target: 7 (2020) and IPPF projects have become and was meant to capture non-performing. additional financing provided. Furthermore, WB contribution is tracking only long-term finance while IFC contribution is tracking both long- and short-term finance. Hence there is a need to clarify the indicator so that it may be better monitored. Following progress were made: IDA: A total of $495m (Financial Sector Support Program (FSSP) $300m + Investment Promotion Financing Facility (IPPF) $195m) of long-term finance was provided to the participating financial institutions. IFC provided $3.1b120 both short- and long-term financing to PFIs, manufacturing, services and infrastructure investments. 1.5.2 Number of Core Banking Not on track. Financial inclusion strategy On track. Principles on which Bangladesh An independent WB-IMF review of drafted and approved. The financial inclusion strategy Bank is judged as largely the 29 Basel Core Principles by the expected to be completed June compliant Financial Sector Assessment 2020. However, the WBG involved Baseline: 4 (2015) Program (FSAP) in April 2019 found in a very limited manner, with DFID Target: 12 (2020) that only 5 principles were largely taking the lead. 118 Baseline = $350m (IDA IPPF) +$2.9b (IFC). 119 Target = $550m (IDA FSSP) + $750m (IDA IPPF) +$3.2b (IFC). 120 This includes long -term financing of $1.8b [Own account: $972m, Mobilization: $822m]; and short -term financing of $1.3b. 50 CPF Objectives Indicators Status of Objective Indicators Supplementary Progress Status of Supplementary Indicators Indicators compliant. The target may be met by the end of the CPF period (2021). It will need be verified by Bangladesh Bank’s self-assessment acceptable to the WB or by an independent review.121 1.5.3 Number of customers with Achieved. Central Record mechanism Not on track. access to digital financial An additional 10 million customers established for voluntary This indicator could not be services122 reached through IFC’s support to pensions scheme monitored as the pensions Baseline: 20 million (2015) Bkash mobile financial services component was dropped from the Target: 30 million (2018) where customers can transfer, Insurance Sector Support Project. deposit and make payments. Focus Area 2: Social Inclusion CPF Objective 2.1: Improved equity in access and quality of education 2.1.1 Number of previously out- Achieved. Second Chance Education Achieved. of-school children123 enrolled in 700,00 out of school children (o/w Unit at Directorate of Second Chance Education Unit was primary schools in underserved female 336,902 or 49%) enrolled in Primary Education established in 2014. upazilas and urban slums 20,400 learning centers established established and functional Baseline: 300,000 (female: in 148 most deprived upazilas, 150,000, male: 150,000) (2015) which covers one third of the Target: 400,000 (female: country. 200,000; male: 200,000) (2017) 2.1.2 Increased secondary gross Not available. Stipend program for the Achieved. enrollment ratio (GER) for the The indicator cannot be measured economically poor students 10.3 million poor students received poorest quintile as it covers national wide GER of at secondary levels stipend program in 215 poorest Baseline: 44% (female: 48%; the poorest quintile. However, implemented in 215 of the upazilas by December 2017. male: 40%) (2015) enrollment of poor children in poorest upazilas 121 The Basel Core Principles target for the FSSP project that closes on Sep 2020 is expected to be revised from 12 to 8 to reflect delays in implementation and adjust to a more realistic goal in the aftermath of the FSAP assessment. A firm recently hired on risk-based supervision will be critical to achieve progress. 122 IFC support for e-payment and remittance services. 123 Out-of-school children is defined as children aged 6-14 who never enrolled in any schooling or dropped out for more than six months. The Bank program will support the 100 most deprived upazilas and 15 urban slums based on school participation and schooling opportunities. 51 CPF Objectives Indicators Status of Objective Indicators Supplementary Progress Status of Supplementary Indicators Indicators Target: 47% (female: 51%; male: targeted upazilas increased from 43%) (2017) 30% in 2007 to 42% in 2017, through WB’s Secondary Education Quality and Access Improvement project. 2.1.3 Improved average score on Not available. At least 90% of all eligible Achieved. competency based in Primary The indictor cannot be measured schools receive, within one 99% of all eligible schools received Education Completion as separate math and science PECE month of school opening approved text books for grades 1 to Exam(PECE) at grade 5 results are not published. In day, approved textbooks for 5 on new curriculum by 31st Baseline: Math 63 & Science 66 addition, between 2015 and 2017 Grades 1 to 5, based on new January 2017. (2014) the exams have become more curriculum developed by Target: Math 67 & Science competency based so baseline NCTB. 68(2017) figures are not comparable. Grade 5 competency based PECE was conducted in 2016 where 2.95 million took the exam and 98.5% of them passed. CPF Objective 2.2: Improved access to quality maternal and infant health services 2.2.1 Percentage of deliveries by Achieved. Proportion of women Achieved. skilled birth attendant among As of June 2017, 33.6% (206,458 receiving postnatal care Preliminary result from BDHS the two lowest quintile wealth deliveries) birth delivery was within 48 hours (at least one shows 52% women received group attended by skilled health visit) postnatal care. The ICR for the Baseline: 23% (2014) professionals among the lowest Baseline: 34 % (2014) Health Sector Development Project Target: 27% (2020) wealth quintile. The Health Sector Target: 38% (2020) (P118708) which supported this Development Program (P118708) indicator quotes 43% as of June which recently closed supported 2017. this indictor. 2.2.2 Coverage of measles Achieved. Percentage of children age 6 Achieved. immunization for children under Preliminary results from to 59 months who received Preliminary BDHS shows 79% 12 months of age Bangladesh Demographic Health vitamin A supplements children received vitamin A Baseline: 85% (2014) Survey (BDHS) indicates that 88% Baseline: 62.1% (2014) supplements. However, the Health Target: 87% (2020) of the children under 12 Target: 65% (2020) Sector Development Program 52 CPF Objectives Indicators Status of Objective Indicators Supplementary Progress Status of Supplementary Indicators Indicators immunized against measles. The (P118708) project did not monitor Health Sector Development this indicator. Program (P118708) which recently closed supported this indictor. Proportion of health Achieved. facilities with essential medicines in stock 78.7% health facilities have stock of Baseline: 74 % (2014) essential medicines as of June Target: 78% (2020) 2017. CPF Objective 2.3: Improved social protection coverage for the poor 2.3.1 Number of targeted Achieved. Automated administrative On track. 124 poorest beneficiaries receiving 12.3 million targeted beneficiaries systems in place for six The automated administrative social protection benefits of which 8.3 million men and 3.96 major safety net programs systems are currently in place for Baseline: 11.6 million (6.8m men, million women receiving social two programs (Employment 4.8m women) (2015) protection benefits. Generation for the Poorest and Target: 12.1 million (4.7m men, Income Support for the Poorest) 7.4m women) (2020) and almost completed for the other four programs (Food for Work, Test Relief, Gratuitous Relief and Vulnerable Group Feeding). 2.3.2 Percentage of beneficiaries Not available. of six major social safety net Progress against this indicator program registered in the cannot be measured. Government Bangladesh125 Poverty Database has decided to switch from Baseline: 0% (2015) developing a registry of 124 These represent approximately one-third of the total population in Bangladesh; social protection benefits cover cash and food transfer. 125 The six programs are: Employment Generation for the Poorest; Food for Work; Test Relief; Vulnerable Group Feeding; Gratuitous Relief; and Income Support for the Poorest. 53 CPF Objectives Indicators Status of Objective Indicators Supplementary Progress Status of Supplementary Indicators Indicators Target: 50% (2020) beneficiaries (which would include all beneficiaries from major programs – the Bangladesh Poverty Database) to a social registry (National Householder Database) which provides socio-economic information of all households in Bangladesh and can be used by all programs. CPF Objective 2.4: Enhanced rural income opportunities for the poor 2.4.1 Number of households in On track. 360,000 females Achieved. the poorest districts with income A total of 174,378 increased their participating in community- 363,103 females participated in increase of at least 30%126 income by 30%. This includes: based decision-making community-based decision making. Baseline: 6000 (2015) (i) 168,378 households of which structure by 2020 Target: 230,000 o/w 180,000 159,960 female headed households female HH (2020) from Nuton Jibon Project and (ii) 6000 households from poor forest dependent communities in 200 targeted villages increased their income. In addition, 204,185 households increased their income by 50% through Social Investment Program. 2.4.2. 25,000 youth employed On track. Number of forest dependent Not on track. through training program and About 20,525 youth employed community groups formed A total of 200 community groups sustained for at least one year through the training program and empowered. were formed through Climate under NJLIP (P149605). Baseline:200 (2015) Resilient Afforestation and Target: 1,000 (2020) 126 Combined targets of Nuton Jibon (200,000) + Social Investment Program and CRPARP (32,000). 54 CPF Objectives Indicators Status of Objective Indicators Supplementary Progress Status of Supplementary Indicators Indicators It is expected that the targeted Reforestation project. The project 25,000 youths would be employed closed in 2016. and be sustaining for at least one year by June 2020. Focus Area 3: Climate and Environment Management CPF Objective 3.1. Increase resilience of population to natural disasters in urban and coastal areas 3.1.1 Number of wards with On track. 1,000 km length of On track. decentralized emergency 20 wards in Sylhet and 45 in Dhaka embankment upgraded in 560 km length of embankment has response services in Dhaka and with decentralized response vulnerable coastal districts been upgraded in coastal district. 127 Sylhet services. (2020)128 On track to achieve the remaining Baseline: 0 (2015) target. Target: 68 (Dhaka); 20 (Sylhet) (2020) 3.1.2 Additional people with On track. Number of select upazilas Not on track. access to multipurpose shelters 950,280 additional people now receiving agro weather Design of the Bangladesh in vulnerable coastal districts by have access to multipurpose bulletins129 Agrometeorological Information 2020 shelters through Emergency Baseline: 0 (2015) System (BAMIS) completed and ICT Baseline: 0 (2015) Cyclone Recovery and Restoration Target: 50 (2020) portal is in progress. The advisories Target: 1,200,000 o/w 50% project and Coastal Embankment will be generated once the BAMIS female (2020) Improvement Project. portal is functional, which is expected in next 6 months. 3.1.3 Number of people Not on track. protected from tidal and storm Slow progress due to surges in select areas implementation delays of Coastal Baseline: 0 (2015) Embankment project (issues of land Target: 760,000 o/w 50% female acquisition and delay in (2020) infrastructure). 127 The targeted wards cover 75% of all wards in Dhaka and Sylhet, and are within 5km radius of emergency response services, e.g. fire services and civil defense, emergency management and communications technology. The program will directly benefit 15.5 million people of which 48% are women. 128 551 km (Coastal Embankment) + 460 km (Emergency Cyclone Recovery). 129 These are upazilas where Dept. of Agricultural Extension offices are located and where Agromet stations and kiosks will be installed by the IDA program. 55 CPF Objectives Indicators Supplementary Progress Status of Objective Indicators Status of Supplementary Indicators Indicators CPF Objective 3.2: Improved water resource infrastructure for climate resilience 3.2.1 Number of people Not available. 50km length of embankment Not on track. protected against Brahmaputra The indicator could not be and erosion protection The indicator could not be river erosion and flooding measured as the anticipated River completed Brahmaputra measured as the anticipated River Baseline: 0 (2015) Management Improvement Project riverbank.130 Management Improvement Project Target: 300,000 (2020) did not materialized. did not materialized. CPF Objective 3.3: Increased adoption of sustainable agricultural practices 3.3.1 Number of farmers who On track Number of operational Not on track. adopt improved agricultural 395,683 farmers of which 109,500 water user associations As of November 2018, 857 water technologies are women farmers (about 28%) created and strengthened user associations created and Baseline: 0; o/w female: 0 (2015) adopted improved technologies: Baseline: 850 (2015) strengthened. Follow up operation Target: 602,000; o/w female: NATP-II (P149553): 165,683 Target: 1,500 (2020) 131 Climate Smart Agriculture project is 35% (2020) farmers of which 49,700 women not yet approved. farmers (about 30%) MFSFP (P120583): 230000 Households of which 59800 women farmers (about 26%) adopted improved technologies (Food- grade, waterproof, leak proof, rat proof, chemical/thermal resistant, environment friendly Household Silos). 3.3.2 Area provided with On track. Number of research On track. improved irrigation and Rehabilitation of irrigation, technologies demonstrated 20 research technologies drainage services in select areas drainage and riverbank protection in targeted areas demonstrated. The target expected (ha) infrastructure has improved an Baseline: 0 (2015) to be achieved. Baseline: 800,000(2015) area of approximately 800,579. Target: 40 (2020) Target: 1,300,000 (2020) 132 130 This area covers Hasnapara in Bogra district and Simla in Sirajganj district. 131 Target based on WaMIP and WaMIP AF activities. 132 Ibid. 56 Annex 4: IDA Operations FY16-21 (Committed & Indicative) as of December 1, 2019 Project# FY16 Commitments IDA (US$ m) P155389 Additional Financing STEP 100 P150220 Bangladesh Weather & Climate Services Reg 113 P128012 BD Ghorashal Unit 4 Repowering Project 217 P154511 BD Regional Waterway Transport Project 1 360 P154577 College Education Development Project 100 P151070 HSDP Additional Finance 150 P130710 Low Income Community Housing Support Project 50 P156242 PSDSP Additional Financing 130 P158783 Public Procurement Reform Project II AF2 10 P095965 Siddhirganj Power Project AF 176.7 Subtotal 1,406.7 Project# FY17 Commitments IDA (US$ m) P161566 Additional Financing to CWSISP 47.5 P154580 Bangladesh Regional Connectivity Project 150 P159429 Bangladesh Investment Promotion and Financing Facility Project II 356.7 (IPFF II) P159497 BD: AF for Leveraging ICT Project 39 P160014 CASE - Additional Financing 35 P159807 Power System Reliability and Efficiency Improvement Project 59 P156113 Export Competitiveness for Jobs 100 P156823 Insurance Sector Development Project 65 P159683 Local Governance Support Project - 3 300 Subtotal 1,152.2 Project# FY18 Commitments IDA (US$ m) P157987 National Strategy for Development of Statistics Implementation 15 Support P159974 Enhancement and Strengthening of Power Transmission Network 450.64 in Eastern Region P160758 Digitizing Implementation Monitoring and Public Procurement 55 Project P160819 Cash Transfer Modernization Project 300 57 P160846 Health Sector Support Project 500 P160943 Transforming Secondary Education for Results Operation 510 P162619 Quality Learning for All Program 700 P163250 Sustainable Enterprise Project 110 P132634 Safety Net Systems for the Poorest (Additional Financing) 245 P165400 Additional Financing II for Rural Electrification and Renewable 55 Energy Development II P160846 Additional Financing for Health Sector Support Project 50 Subtotal 2,990.64 Project# FY19 Commitments IDA (US$ m) P161246 Livestock and Dairy Development Project 500 P161568 Bangladesh Sustainable Coastal and Marine Fisheries 240 P161869 Bangladesh Scaling-up Renewable Energy Project 156 P161928 Operation for Supporting Rural Bridges 425 P161996 Sustainable Forests & Livelihoods Project 175 P165477 Dhaka City Neighborhood Upgrading Project 100.5 P166295 Additional Financing for Second Rural Transport Improvement 100 Project P167190 Bangladesh Jobs Programmatic DPC 250 P167491 Bangladesh Strengthening PFM Program to Enable Service 100 Delivery P167762 Emergency Multi-Sector Rohingya Crisis Response Project 165 P167870 Additional Financing for Reaching Out of School Children II 25 Subtotal 2,236.5 Project# FY20 (Commitment/Indicative) IDA (US$ m) P161227 Bangladesh Municipal Water Supply and Sanitation Project 100 (Approved in July 2019) P161086 BD Integrated Digital Govt. Project (LICT 2) 300 P161432 Dhaka Sanitation Improvement Project 170 P161534 Climate-Smart Agriculture and Water Management Project 120 P166435 Dhaka Public Transport Improvement Project 475 P170688 Bangladesh Private Investment & Digital Entrepreneurship Project 500 P171086 Safety Net Systems for the Poorest (AF) 100 P171648 Health and Gender Support Project for Cox’s Bazar district 150 58 P171779 Emergency Multi-Sector Rohingya Crisis Response Project 100 Additional Financing Subtotal 2,010 Project# FY21 (Indicative)* IDA (US$ m) P168484 Additional Financing for Modern Food Storage Facilities Project 280 P168724 Bangladesh Second Programmatic Jobs Development Policy 250 Credit P167506 Accelerating and Strengthening Skills for Economic 500 Transformation P168961 Higher Education Acceleration and Transformation Project 200 P169342 Improved Sanitation for Human Capital Development 100 P171144 Bangladesh Urban Health, Nutrition and Population Project 300 P169880 Western Economic Corridor and Regional Enhancement Program 400 Subtotal 2030 * Projected resources are indicative only and based on current IDA18 levels. Actual IDA allocation will depend on IDA’s overall commitment authority for IDA19 replenishment (covering the CPF period) and changes in the variables affecting Bangladesh’s performance-based allocations relative to other IDA countries (e.g. population, GNI per capita levels, CPIA and portfolio performance). 59 Annex 5: Advisory Services and Analytics (FY16-21) (Completed, Ongoing and Indicative) Global Practices FY16 FY17 FY18 FY19 FY20 FY20-FY21 FY20-21 (completed) (completed) (completed) (completed) (completed) (Ongoing) (Indicative) ASA Agriculture P132701 P162793 P160983 P168176 Dynamics of Launchpad Leveraging Food Prices, Food Rural Growth (Bangladesh) - information Security, and Climate technology to Nutrition in Innovations achieve better Bangladesh nutritional outcomes in the P168177 Chittagong Hill Agriculture Tracts (CHT), Strategies Bangladesh Development for Diversification, P164367 Value Chains Bangladesh Development, and Climate Smart Inclusive Jobs Investment Plan Education P132759 P164139 P162408 P159441 Building Parental Tertiary Education Skills for Growth in The Impact of Capacity to Help and Skills Strategy: Bangladesh – Offering One Child Nutrition Skills for Better Programmatic ASA Additional Year of and Health Jobs Preschool P162656 Education in P158761 Expanding Quality Bangladesh Expenditure Basic Education for Validation of All in Bangladesh P169436 School Grants The Landscape of Early Childhood P161548 Education in Breaking the Glass Bangladesh Ceiling: Challenges to Female 60 Global Practices FY16 FY17 FY18 FY19 FY20 FY20-FY21 FY20-21 (completed) (completed) (completed) (completed) (completed) (Ongoing) (Indicative) ASA Participation in Technical Diploma Education Energy & P154103 P158353 P150086 P164015 P162805 Extractives Bangladesh Potential Savings Energy Sector Implementing Renewable Energy SREP from Energy Program of AAA Renewable Energy Resource Investment Efficiency Targets in Mapping: Plan P158352 Bangladesh Bangladesh Development Economy-wide through advisory Impact of Tariff on power system P156861 Revisions planning Bangladesh Energy Efficiency Improvement Program in Industries Environment & P161076 P168024 Natural Resources Enhancing Leveraging the Opportunities for Circular Economy Clean and Resilient to Reduce Growth in Urban Industrial and Bangladesh Marine Pollution in Bangladesh P163403 Toward a Blue Economy: A Pathway for Bangladesh’s Sustainable Growth 61 Global Practices FY16 FY17 FY18 FY19 FY20 FY20-FY21 FY20-21 (completed) (completed) (completed) (completed) (completed) (Ongoing) (Indicative) ASA Finance, P152539 P126702 P164036 P156131 P160596 Competitiveness Finance and BD Private Sector Bangladesh Islamic PA Bangladesh National Payment and Innovation Markets Development Banking Regulation Financial Sector Systems Development Support and Supervision Development Development P161381 P164037 P169181 TA to Bangladesh Bangladesh Bangladesh Bank on Capacity Microenterprises Financial Sector Building for Asset and SME Finance Dialogue Recovery P165752 P169487 Bangladesh Bangladesh 4.0: Competitiveness Gearing up for the DPO Dialogue future of manufacturing P166102 Bangladesh P169533 Financial Sector Bangladesh FSAP Policy Notes Development Module Governance P156387 P151336 P153447 P153988 Bangladesh Bangladesh Public Strengthening Bangladesh: RTI PIM Expenditure and Budget Result Support Dissemination Financial Preparation in NLTA Accountability Bangladesh Repeat P156394 Assessment 2015 P158394 Impact Evaluation Bangladesh of E-Procurement P154977 Improving the in Bangladesh Bangladesh: Gov’t Administration of Performance Mgt Civil Service P165182 Reform Pensions Bangladesh Strengthening 62 Global Practices FY16 FY17 FY18 FY19 FY20 FY20-FY21 FY20-21 (completed) (completed) (completed) (completed) (completed) (Ongoing) (Indicative) ASA P155866 Public Expenditure Support to Public Management Financial Program – (BETF, Management Programmatic Strategy in NLTA) Bangladesh P166424 Assessment of Bangladesh Public Procurement System P167436 Support to Bangladesh Budgeting and Integrated Financial Management Information System P167438 Accountability and Transparency P167439 Domestic Revenue Mobilization BETF Sub-component P167457 Strengthening Corporate 63 Global Practices FY16 FY17 FY18 FY19 FY20 FY20-FY21 FY20-21 (completed) (completed) (completed) (completed) (completed) (Ongoing) (Indicative) ASA Governance of SOEs in Bangladesh P167458 Strengthening Government Performance Management in Bangladesh P167459 Macro-Modelling and Debt Management P169531 Strengthening Capacity of the Office of the Comptroller and Auditor General P170894 Bangladesh – Enhancing Public Investment Management and Service Delivery: Contract Implementation Improvement Support 64 Global Practices FY16 FY17 FY18 FY19 FY20 FY20-FY21 FY20-21 (completed) (completed) (completed) (completed) (completed) (Ongoing) (Indicative) ASA Infrastructure, P167117 PPP’s & Bangladesh Guarantees Infrastructure Sector Assessment Health, Nutrition P145607 P158729 P150750 P162081 P165906 & Population Strengthening Service Coverage Towards Universal Bangladesh Bangladesh Health the and UHC Policy Health Coverage Capacity Financing and Government of Dialogue Development in Fiduciary Bangladesh’s P156097 Nutrition Programmatic ASA Response to Health and Surveillance and Malnutrition Nutrition Research P167469 Outcomes and Strengthening P158730 Determinants in fiduciary systems Assessing the Urban Bangladesh of the MOHFW Fiscal Space for UHC P156742 P168010 Strengthening Bangladesh Health Governance in the Care Financing Pharmaceutical Strategy (2012- Sector in 2032) Bangladesh Implementation Macroeconomics, P152532 P152556 P161094 P156604 P162865 Trade and Just-in-Time Macro FY18 Bangladesh Bangladesh PERA Analytics and Investment Notes Forecasting Development Program Policy Dialogue for Support Project Update the Bangladesh P157487 P157397 Regional Trade and FY16 P162087 Bangladesh Investment Bangladesh 9th South Asia Macroeconomic Program Development Economic Summit Monitoring and Updates Analysis Program P168931 Bangladesh Policy P165417 Notes and Dialog P171859 65 Global Practices FY16 FY17 FY18 FY19 FY20 FY20-FY21 FY20-21 (completed) (completed) (completed) (completed) (completed) (Ongoing) (Indicative) ASA Bangladesh, Nepal, Bangladesh Bhutan Policy Development Notes Update P168106 P172127 Bangladesh Bangladesh Public Development Expenditure Update Review Poverty and P153413 P165499 Poverty Update Equity Bangladesh Bangladesh Programmatic Programmatic SCD Update Poverty Analysis Poverty and Equity Work Other P160835 P155234 Towards Great DIME Bangladesh Dhaka: A New Energy Supply Urban Development Paradigm Eastward Social Protection P143214 P153008 P165050 P164794 & Jobs Social Bangladesh Safe Bangladesh: RSR 12 Protection and Migration IE Impact evaluation Bangladesh: Labor Review of a G2G Citizen P155638 agreement to Engagement for Supporting facilitate Effective Targeting Nutrition-Sensitive international of Social Safety Nets migration Protection through Strengthened Local P166304 Government Youth employment Administration programs ASA P155782 P168426 66 Global Practices FY16 FY17 FY18 FY19 FY20 FY20-FY21 FY20-21 (completed) (completed) (completed) (completed) (completed) (Ongoing) (Indicative) ASA Assessment of Social Protection Identification Interventions for Systems for Social the Urban Poor Protection and Migrants P156586 P169011 Jobs Technical Bangladesh – Assistance Social Protection Public Expenditure P158878 Review Jobs Policy Dialogue and P165929 Capacity Build. Better Jobs for All: Bangladesh Jobs P158879 Platform Migration P155918 Let’s Work Bangladesh Country Program Social, Urban, P130724 P156258 P153132 Rural and Advancing Bangladesh Programmatic Resilience Disaster Risk Gender and Social NLTA for Management Inclusion Report Improving Local Governance and P161954 P161694 Service Delivery Master Plans and Knowledge Institutions Exchange and P161690 Assessment Advocacy for RTI Act Effective Local Implementation Government under LGSP-III and Third Party P163764 Monitoring 67 Global Practices FY16 FY17 FY18 FY19 FY20 FY20-FY21 FY20-21 (completed) (completed) (completed) (completed) (completed) (Ongoing) (Indicative) ASA Stopping Child Piloting under Marriage in MGSP Bangladesh: Developing a P161691 Behavior Change Support for Intervention Using Improved Urban Social Media Management P161689 P167128 Local Government Cox’s Bazar Rapid Public Financial Impact, Management Vulnerability, and System Needs Assessment Assessment in Bangladesh P169188 Catalyzing Climate P164341 Markets Metro Dhaka Transformation P171922 Platform Metro Dhaka Transformation Platform Phase 2 Transport P151756 P154912 P148952 P148951 P171663 Open Global Trade and Supporting Modal Technical Accessibility Outsourcing Transport Shift to IWT in Assistance for Planning for Services for New Facilitation NLTA Bangladesh Bangladesh Road Integrated and Economy Jobs and Safety Program Inclusive Export P162082 P155253 Transport in Diversification Study on Urban Chittagong Urban Dhaka Transport in Dhaka Transport Master Plan P155457 68 Global Practices FY16 FY17 FY18 FY19 FY20 FY20-FY21 FY20-21 (completed) (completed) (completed) (completed) (completed) (Ongoing) (Indicative) ASA Efficient Multimodal Logistics Water P131951 P144219 P156017 P171452 Strengthening BD Low-cost In- Scaling Up Bangladesh Water Poor-Inclusive Line Chlorination Microfinance Platform 2.0 Urban Water System Institutions (MFI) and Sanitation Lending for Service Quality P156380 Improved Rural Information Bangladesh Sanitation in Systems in Poverty Bangladesh Bangladesh Diagnostics for Water Supply, P157363 P131981 Sanitation and Skills Development Domestic Hygiene (WASH) of Entrepreneurs Private Sector Regulatory P157364 Framework for Behavior Change Sanitation in through Social Bangladesh Marketing P149962 P157365 Private Promotion Operators and Multiple Sanitary Investors in Products Water Supply in Bangladesh P157366 Financial Products P164276 Investigating Nutrition-sensitive WASH in Bangladesh 69 Global Practices FY16 FY17 FY18 FY19 FY20 FY20-FY21 FY20-21 (completed) (completed) (completed) (completed) (completed) (Ongoing) (Indicative) ASA P166452 Water Platform and Strategy Development ASA Digital P171512 Development Bangladesh Digital Development & Telecom Sector Advisory Services 70 Annex 6: IFC Portfolio Snapshot Committed Portfolio Committed Portfolio Sectors (US$ m) (US$ m) As of July 1, 2015 As of July 31, 2019 Financial Institutions 361 564 Infrastructure 289 418 Manufacturing, Agribusiness & services 51 107 Venture Capital, PE Fund, Telecoms 82 116 Total 783 1,205 FY16 FY17 FY18 FY19 Number of Projects 10 10 12 6 IFC Own Account (US$ m) 201 363 348 60 Mobilization (US$ m) 33 366 78 345 Total LTF Commitment (US$ m) 234 729 426 405 Short Term Financing 362 316 431 220 IFC Advisory Portfolio as of July 31, 2019 Business Areas Total Funds Managed No. of Projects by IFC (US$ m) Economics & Private Sector Development 4.0 1 Environment, Social and Governance 1.1 1 Equitable Growth, Finance and Institutions 18.8 7 Financial Institutions Group 5.1 6 Infrastructure and Natural Resources 0.05 1 Manufacturing, Agribusiness & Services 11.2 3 Telecoms, Media, Technology, Venture Capital & 0.5 1 Funds Transaction Advisory 1.3 1 Total 42 21 Top 5 donors: UK's Department for International Development, the Norwegian Agency for Development Cooperation, Australia’s Department of Foreign Affairs and Trade, the Netherlands' Ministry of Foreign Affairs and Danish International Development Agency. 71 Annex 7. MIGA’s Outstanding Exposure in Bangladesh (as of September 18, 2019) 72 Annex 8: Summary of Stakeholder Consultations for the Bangladesh Performance and Learning Review, February – March 2019 1. Consultations were held with development partners (DPs); civil society organizations, think thanks and the private sector; and the government on February 26, March 4, and March 10, respectively. The objective of the meeting was to seek stakeholders’ views on WBG’s performance and any shifts in support that should be considered in the Performance and Learning Review (PLR) of the WBG’s Bangladesh Country Partnership Framework FY16-20. 2. Country context. The WBG was asked to reflect Bangladesh’ economic growth over the CPF period, and the country’s achievements including graduation from least development country status. Emphasis was made on the need for good governance to sustain continued economic development and growth. Discussions took place on ways to improve Bangladesh’s overall economic competitiveness, where it was noted that export is still dominated by ready-made garments and needed to be diversified. 3. CPF focus areas. There was consensus that the CPF focus areas remain relevant, while some recalibration of the objectives is necessary to better reflect that operational context and WB support to help address the Rohingya refugee crisis. Non-government stakeholders encouraged WB support targeting the ultra-poor, including in health and social protection. The need to support improvements in education quality that links to better employment and income opportunity was emphasized. To help increase Bangladesh’s economic competitiveness, the importance of WB support for trade facilitation was noted. 4. Implementation experience. The WBG was encouraged to reflect both positive and negative experiences of project implementation. This includes reflecting impact of procurement delay on project implementation. The importance of better coordination between the WBG and DPs were emphasized, including to address implementation challenges. Common challenges faced included fragmented counterpart agencies and governance issues. Interest was expressed in the WB support to develop automated bid- processes for 24-line ministries, which is helping to enhance transparency. 5. Future financing. The government’s strong demand for IDA financing was highlighted. In this regard, the WB was asked to reflect in the PLR the fully utilization of IDA core resources and strategy to mobilize additional IDA for the remaining IDA18 period. 73