Financial Sector Support Project

Abstract*

The objective of the Financial Sector Support Project is to improve financial market infrastructure, regulatory and oversight capacity of Bangladesh Bank and access to long term financing for private firms in Bangladesh. There are four components to the project, the first component being strengthening financial market infrastructure. The component will build on previous efforts and improve financial market infrastructure further, specifically focusing... Show More

Development Objective

The project development objective is to improve financial market infrastructure, regulatory and oversight capacity of Bangladesh Bank and access to long term financing for private firms in Bangladesh.

Key Details

Project Details

Project ID
P150938
Status
Closed
Team Leader
Anzhela Prygozhyna
Borrower 2
The People's Republic of Bangladesh

Country
Bangladesh
Disclosure Date
August 15, 2014
Approval Date
(as of board presentation)
June 5, 2015
Effective Date
September 20, 2015

Total Project Cost 1
US$ 350.00 million
Implementing Agency
Bangladesh Bank
Region
South Asia
Fiscal Year 3
2015

Commitment Amount
US$ 300.00 million
Environmental Category
F
Environmental and Social Risk
Not Applicable
Closing Date
March 31, 2021

Consultant Services required
TBD
Last Stage Reached
BANK APPROVED
Last Update Date
January 16, 2023

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Finance

FY17 - Financial Stability8%
- FY17 - Financial Sector oversight and policy/banking regulation & restructuring8%

FY17 - Private Sector Development

FY17 - Business Enabling Environment85%
- FY17 - Investment and Business Climate85%

FY17 - Public Sector Management

FY17 - Public Administration7%
- FY17 - E-Government, incl. e-services7%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
Borrower/Recipient	50.00
IDA Credit	300.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	300.00
IBRD + IDA Commitment	300.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	350.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jun 1, 2019	IDA-56640	Int Charges	8,345.04
Jun 1, 2019	IDA-56640	Int Charges	968,366.60
Jun 1, 2018	IDA-56640	Int Charges	1,574.38
Jun 1, 2018	IDA-56640	Int Charges	1,574.38
Jun 1, 2018	IDA-56640	Int Charges	569,107.94
Jun 1, 2018	IDA-56640	Int Charges	569,107.94
Dec 1, 2018	IDA-56640	Int Charges	905,176.30
Dec 1, 2018	IDA-56640	Int Charges	905,176.30
Jun 1, 2022	IDA-56640	Int Charges	936,344.94
Jun 1, 2022	IDA-56640	Int Charges	936,344.94
Jun 1, 2022	IDA-56640	Loan Repay	67,074.83
Dec 1, 2022	IDA-56640	Loan Repay	2,935,182.00
Dec 1, 2022	IDA-56640	Int Charges	753,789.94
Dec 1, 2022	IDA-56640	Int Charges	753,789.94
Dec 1, 2022	IDA-56640	Loan Repay	113,455.19
Sep 30, 2021	IDA-56640	Loan Disb	-0.01
Jul 27, 2021	IDA-56640	Loan Disb	172,530.34
Jul 27, 2021	IDA-56640	Loan Disb	-172,530.34
Sep 30, 2021	IDA-56640	Loan Disb	-13,636,658.00
Sep 30, 2021	IDA-56640	Loan Cancel	35,208,636.00
Dec 1, 2021	IDA-56640	Loan Repay	4,666,458.00
Dec 1, 2021	IDA-56640	Int Charges	1,022,378.25
Dec 1, 2021	IDA-56640	Int Charges	1,022,378.25
Dec 1, 2021	IDA-56640	Int Charges	22,955.21
Dec 1, 2021	IDA-56640	Int Charges	22,955.21
Dec 1, 2020	IDA-56640	Int Charges	1,038,319.40
Dec 1, 2020	IDA-56640	Int Charges	1,038,319.40
Jun 1, 2021	IDA-56640	Int Charges	13,811.19
Jun 1, 2021	IDA-56640	Int Charges	13,811.19
Jun 1, 2021	IDA-56640	Int Charges	1,042,592.06
Jun 1, 2021	IDA-56640	Int Charges	1,042,592.06
Apr 14, 2021	IDA-56640	Loan Disb	2,539,200.00
Jun 1, 2020	IDA-56640	Int Charges	13,294.76
Jun 1, 2020	IDA-56640	Int Charges	1,005,481.00
Jun 1, 2020	IDA-56640	Int Charges	1,005,481.00
Dec 1, 2020	IDA-56640	Int Charges	4,150.62
Dec 1, 2020	IDA-56640	Int Charges	4,150.62
Nov 4, 2019	IDA-56640	Loan Disb	10,000,000.00
Jun 1, 2020	IDA-56640	Int Charges	13,294.76
Dec 1, 2019	IDA-56640	Int Charges	7,465.61
Dec 1, 2019	IDA-56640	Int Charges	7,465.61
Dec 1, 2019	IDA-56640	Int Charges	958,185.94
Dec 1, 2019	IDA-56640	Int Charges	958,185.94
Dec 1, 2018	IDA-56640	Int Charges	14,593.04
Dec 1, 2018	IDA-56640	Int Charges	14,593.04
Jun 1, 2019	IDA-56640	Int Charges	968,366.60
Jun 1, 2019	IDA-56640	Int Charges	8,345.04
Dec 1, 2017	IDA-56640	Int Charges	4,145.87
Dec 1, 2017	IDA-56640	Int Charges	4,145.87
Dec 1, 2017	IDA-56640	Int Charges	414,400.22
Dec 1, 2017	IDA-56640	Int Charges	414,400.22
Dec 22, 2017	IDA-56640	Loan Disb	45,037,400.00
Jun 28, 2018	IDA-56640	Loan Disb	110,000,000.00
Jun 1, 2017	IDA-56640	Int Charges	3,738.62
Jun 1, 2017	IDA-56640	Int Charges	3,738.62
Feb 22, 2016	IDA-56640	Loan Disb	32,627,610.00
Jun 1, 2016	IDA-56640	Int Charges	67,902.44
Jun 1, 2016	IDA-56640	Int Charges	67,902.44
Dec 1, 2016	IDA-56640	Int Charges	118,798.77
Dec 1, 2016	IDA-56640	Int Charges	118,798.77
Dec 1, 2016	IDA-56640	Int Charges	306.39
Dec 1, 2016	IDA-56640	Int Charges	306.39
Mar 15, 2017	IDA-56640	Loan Disb	48,490,000.00
Jun 1, 2017	IDA-56640	Int Charges	192,864.56
Jun 1, 2017	IDA-56640	Int Charges	192,864.56
Jun 8, 2017	IDA-56640	Loan Disb	27,110,960.00
Jun 1, 2024	IDA-56640	Int Charges	860,255.40
Jun 1, 2024	IDA-56640	Int Charges	860,255.40
Jun 1, 2024	IDA-56640	Int Charges	61,778.16
Jun 1, 2024	IDA-56640	Int Charges	61,778.16
Jun 1, 2024	IDA-56640	Loan Repay	3,888,160.00
Jun 5, 2015	IDA-56640	Loan Commitment	300,000,000.00
Dec 1, 2023	IDA-56640	Loan Repay	56,760.92
Dec 1, 2023	IDA-56640	Loan Repay	3,857,015.80
Dec 1, 2023	IDA-56640	Int Charges	818,414.56
Dec 1, 2023	IDA-56640	Int Charges	818,414.56
Jun 1, 2023	IDA-56640	Int Charges	149,401.27
Jun 1, 2023	IDA-56640	Int Charges	149,401.27
Jun 1, 2023	IDA-56640	Loan Repay	3,907,078.80
Jun 1, 2023	IDA-56640	Int Charges	893,744.25
Jun 1, 2023	IDA-56640	Int Charges	893,744.25
Dec 1, 2022	IDA-56640	Loan Repay	831,649.80
Jun 1, 2022	IDA-56640	Loan Repay	3,896,290.20

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Counterpart Funding	Satisfactory	2021-02-24
Project Management	Satisfactory	2021-02-24
Monitoring and Evaluation	Moderately Satisfactory	2021-02-24
Overall Implementation Progress (IP)	Moderately Satisfactory	2021-02-24
Financial Management	Satisfactory	2021-02-24
Progress towards achievement of PDO	Moderately Satisfactory	2021-02-24
Procurement	Moderately Satisfactory	2021-02-24

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-02-2021
Outcomes	Substantial
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW:	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Percentage of Government Payments by value processed through electronic means (annually) Value 10.00 40.00 15.00
Date September 30, 2014 March 31, 2021
Comment

Uptime of the total core systems of the BB - core banking, payment systems, credit reporting system, and MI module (%) (Percentage)These indicators measure IT infrastructure capacity.	Value	95.00	99.00	95.00
	Date	September 30, 2014	May 31, 2021
	Comment

Performance on BCP assessment: Number of principles on which Bangladesh Bank is judged as largely compliant and compliant. Value 4.00 7.00 8.00
Date September 30, 2009 March 31, 2021 March 31, 2021
Comment
Outstanding FX Long term loans of Participating Financial Institutions Value 300.00 550.00 150.00
Date September 30, 2014 March 31, 2021
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

High level of operational reliability as measured by improved compliance of BB with the Principle 17 of the CPSS – IOSCO Principlesfor Financial Markets Infrastructure	Value	N/A	Observed
	Date	September 30, 2014	March 31, 2021
	Comment

Cumulative number of Bangladesh Bank banking supervision officers trained on risk-based supervision Value 0.00 521.00 300.00
Date September 30, 2014 March 31, 2021 March 31, 2021
Comment
Circular on prompt corrective action issued by BB Value No Issued Draft prepared
Date September 30, 2014 March 31, 2021
Comment
Direct project beneficiaries (firms) Value 0.00 56.00 55.00
Date September 30, 2014 March 31, 2021 March 31, 2021
Comment
NPLs in project-funded in foreign-denominated long-term finance portfolio Value 0.00 7.00 9.00
Date September 30, 2014 March 31, 2021
Comment
Number of PFIs Value 0.00 10.00 4.00
Date September 30, 2014 March 31, 2021
Comment

Cumulative number of FI officers receiving training or attending workshops on risk management, safeguards, and commercial practicesin procurement	Value	0.00	45.00	18.00
	Date	September 30, 2014	March 31, 2021
	Comment

Cumulative number of participants and trainees at Training Of Trainers (TOT) and other workshops delivered to industry on safeguards and health and safety	Value	0.00	55.00	50.00
	Date	September 30, 2014	March 31, 2021	March 31, 2021
	Comment

Direct project beneficiaries (firms and PFIs) that feel project financing reflected their needs Value 0.00 70.00 0.00
Date September 30, 2014 March 31, 2021
Comment

Percentage of Government Payments by value processed through electronic means (annually)	Value	10.00	40.00	15.00
	Date	September 30, 2014	March 31, 2021
	Comment

Performance on BCP assessment: Number of principles on which Bangladesh Bank is judged as largely compliant and compliant.	Value	4.00	7.00	8.00
	Date	September 30, 2009	March 31, 2021	March 31, 2021
	Comment

Circular on prompt corrective action issued by BB	Value	No	Issued	Draft prepared
	Date	September 30, 2014	March 31, 2021
	Comment

Direct project beneficiaries (firms)	Value	0.00	56.00	55.00
	Date	September 30, 2014	March 31, 2021	March 31, 2021
	Comment

Number of PFIs	Value	0.00	10.00	4.00
	Date	September 30, 2014	March 31, 2021
	Comment