Cash Transfer Modernization Project

Abstract*

The development objective of the Cash Transfer Modernization Project for Bangladesh is to improve the transparency and efficiency of selected cash transfer programs for vulnerable populations by modernizing service delivery. The project comprises of two components. The first component, enhancement of cash transfer programs will finance a portion of Ministry of Social Welfare (MoSW’s) expenditures for its cash transfer programs and incentivize department... Show More

Development Objective

The Project Development Objective is to improve the transparency and efficiency of selected cash transfer programs for vulnerable populations by modernizing service delivery.

Key Details

Project Details

Project ID
P160819
Status
Active
Team Leader
Ashiq Aziz , Jasmine Rajbhandary
Borrower 2
People's Republic of Bangladesh

Country
Bangladesh
Disclosure Date
November 3, 2016
Approval Date
(as of board presentation)
January 31, 2018
Effective Date
December 2, 2018

Total Project Cost 1
US$ 1342.50 million
Implementing Agency
Ministry of Social Welfare,Department of Social Services
Region
South Asia
Fiscal Year 3
2018

Commitment Amount
US$ 465.00 million
Environmental Category
B
Environmental and Social Risk
N/A
Closing Date
September 30, 2025

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED
Last Update Date
February 14, 2024

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 - Environment and Natural Resource Management

FY17 - Climate change25%
- FY17 - Adaptation25%

FY17 - Private Sector Development

FY17 - ICT100%
- FY17 - ICT Solutions100%

FY17 - Social Development and Protection

FY17 - Social Protection100%
- FY17 - Disability20%
- FY17 - Social Insurance and Pensions30%
- FY17 - Social Safety Nets100%
- FY17 - Social protection delivery systems100%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management2%
- FY17 - Disaster Response and Recovery2%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
Borrower/Recipient	877.50
FRANCE: French Agency for Development	165.00
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	165.00
Total Project Cost**	1342.50

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

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Nov 1, 2019	IDA-61630	Int Charges	55,244.33
Nov 1, 2019	IDA-61630	Int Charges	55,244.33
Oct 24, 2019	IDA-61630	Loan Disb	1,770,956.40
May 1, 2020	IDA-61630	Int Charges	724.68
May 1, 2020	IDA-61630	Int Charges	724.68
May 1, 2020	IDA-61630	Int Charges	86,851.98
May 1, 2020	IDA-61630	Int Charges	86,851.98
Jan 31, 2018	IDA-61630	Loan Commitment	300,000,000.00
Nov 1, 2023	IDA-61630	Int Charges	833,457.50
Nov 15, 2023	IDA-61630	Loan Disb	72,860.30
Nov 27, 2023	IDA-61630	Loan Disb	3,814,790.50
Aug 5, 2024	IDA-61630	Loan Disb	-1,076,843.60
May 1, 2024	IDA-61630	Loan Repay	4,374,835.50
Feb 29, 2024	IDA-61630	Loan Disb	490,051.84
Jun 26, 2024	IDA-61630	Loan Disb	695,511.70
May 1, 2024	IDA-61630	Int Charges	396,740.70
May 1, 2024	IDA-61630	Int Charges	396,740.70
Aug 5, 2024	IDA-61630	Loan Disb	1,095,095.10
Jun 18, 2024	IDA-61630	Loan Disb	242,528.48
May 1, 2024	IDA-61630	Int Charges	457,048.97
May 1, 2024	IDA-61630	Int Charges	457,048.97
May 1, 2024	IDA-61630	Loan Repay	13,142.50
Jun 12, 2024	IDA-61630	Loan Disb	10,477,287.00
Jun 6, 2024	IDA-61630	Loan Disb	13,269,812.00
May 13, 2024	IDA-61630	Loan Disb	631,599.75
Nov 1, 2022	IDA-61630	Int Charges	783,214.75
Nov 1, 2022	IDA-61630	Int Charges	783,214.75
Nov 1, 2022	IDA-61630	Int Charges	31,592.93
Nov 1, 2022	IDA-61630	Int Charges	31,592.93
Apr 12, 2023	IDA-61630	Loan Disb	349,847.06
May 10, 2023	IDA-61630	Loan Disb	105,143.15
May 1, 2023	IDA-61630	Int Charges	9,711.42
May 1, 2023	IDA-61630	Int Charges	9,711.42
May 1, 2023	IDA-61630	Int Charges	837,498.50
May 1, 2023	IDA-61630	Int Charges	837,498.50
Sep 21, 2023	IDA-61630	Loan Disb	373,875.72
Dec 7, 2023	IDA-61630	Loan Disb	904,244.90
Nov 1, 2023	IDA-61630	Int Charges	8,648.80
Nov 1, 2023	IDA-61630	Int Charges	8,648.80
Nov 1, 2023	IDA-61630	Int Charges	833,457.50
Nov 22, 2021	IDA-61630	Loan Disb	53,349.91
Nov 10, 2021	IDA-61630	Loan Disb	16,857,740.00
May 5, 2022	IDA-61630	Loan Disb	1,549,763.50
May 1, 2022	IDA-61630	Int Charges	834,728.70
May 1, 2022	IDA-61630	Int Charges	834,728.70
May 1, 2022	IDA-61630	Int Charges	7,269.36
May 1, 2022	IDA-61630	Int Charges	7,269.36
Jan 24, 2022	IDA-61630	Loan Disb	392,352.97
Nov 23, 2022	IDA-61630	Loan Disb	69,297.08
Sep 12, 2022	IDA-61630	Loan Disb	545,060.30
Oct 21, 2020	IDA-61630	Loan Disb	48,562.87
Aug 12, 2020	IDA-61630	Loan Disb	165,837,376.00
Aug 6, 2020	IDA-61630	Loan Disb	89,111.79
Nov 1, 2020	IDA-61630	Int Charges	255.83
Nov 1, 2020	IDA-61630	Int Charges	255.83
Nov 1, 2020	IDA-61630	Int Charges	363,110.62
Nov 1, 2020	IDA-61630	Int Charges	363,110.62
Jun 16, 2021	IDA-61630	Loan Disb	414,293.34
Feb 4, 2021	IDA-61630	Loan Disb	41,840.84
May 1, 2021	IDA-61630	Int Charges	723,278.50
May 1, 2021	IDA-61630	Int Charges	723,278.50
May 1, 2021	IDA-61630	Int Charges	3,053.02
May 1, 2021	IDA-61630	Int Charges	3,053.02
Apr 19, 2021	IDA-61630	Loan Disb	27,814,018.00
May 4, 2021	IDA-61630	Loan Disb	70,738.97
Aug 19, 2021	IDA-61630	Loan Disb	1,305,932.40
Nov 1, 2021	IDA-61630	Int Charges	819,263.25
Nov 1, 2021	IDA-61630	Int Charges	819,263.25
Nov 1, 2021	IDA-61630	Int Charges	6,481.87
Nov 1, 2021	IDA-61630	Int Charges	6,481.87
Jun 27, 2019	IDA-61630	Loan Disb	21,725,274.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Financial Management	Moderately Satisfactory	2024-12-26
Progress towards achievement of PDO	Satisfactory	2024-12-26
Overall Implementation Progress (IP)	Moderately Satisfactory	2024-12-26
Procurement	Moderately Satisfactory	2024-12-26
Project Management	Satisfactory	2024-12-26
Monitoring and Evaluation	Moderately Unsatisfactory	2024-12-26

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

P.01. New beneficiaries of cash transfer programs in lowest two quintiles based on poverty score Value 51% 51% 80%
Date May 31, 2017 May 31, 2017 March 31, 2025
Comment
P.02. Vulnerable persons in lowest two quintiles based on poverty score covered by cash transfer programs Value 40% 40% 60%
Date May 31, 2017 May 31, 2017 March 31, 2025
Comment
P.03. Cash transfer program budget delivered using digital payment Value BDT 0.25 billion BDT 196.26 billion BDT 20.00 billion
Date June 30, 2017 June 30, 2023 March 31, 2025
Comment
P.04. Cash withdrawal time taken using digital payment Value 230.00 136.00 150.00
Date May 15, 2017 December 31, 2020 March 31, 2025
Comment
Female (%) Value Not available Not available. 80%
Date May 31, 2017 May 31, 2017 March 31, 2025
Comment
Female (%) Value Not available Not available 60%
Date May 31, 2017 May 31, 2017 March 31, 2025
Comment
Female (BDT) Value BDT 0.14 billion BDT 113.62 billion BDT 12.00 billion
Date June 30, 2017 June 30, 2023 March 31, 2025
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

I.11. Beneficiaries receiving cash transfers under CERC Value Not applicable 4.36 million beneficiaries 4.36 million beneficiaries
Date March 11, 2020 June 30, 2020 June 30, 2020
Comment

I.01. Beneficiary records digitized and poverty assessment adopted	Value	(i) 0.00 million records digitized; and (ii) pover	(i) 8.84 million records digitized; and (ii) pover	(i) 5.50 million records digitized; and (ii) pover
	Date	May 31, 2017	June 30, 2023	March 31, 2025
	Comment

I.12. Productive economic inclusion coverage Value 0.00 0.00 10000.00
Date December 31, 2022 June 30, 2023 March 31, 2025
Comment
I.13. Older people’s clubs established Value 0.00 0.00 400.00
Date December 31, 2022 June 30, 2023 March 31, 2025
Comment
I.02. Beneficiaries enrolled for digital payment Value 39008.00 11121018.00 2000000.00
Date June 30, 2017 June 30, 2023 March 31, 2025
Comment
I.03. Access points for applications and grievances Value 0.00 22047.00 4500.00
Date May 31, 2017 October 31, 2023 March 31, 2025
Comment
I.04. Access points for digital payments Value 58.00 157427.00 2000.00
Date June 30, 2017 June 30, 2023 March 31, 2025
Comment
I.05. Unions using poverty score for beneficiary selection Value 0.00 0.00 2250.00
Date May 31, 2017 June 30, 2023 March 31, 2025
Comment
I.06. Unions with personnel trained on business processes Value 0.00 0.00 4500.00
Date May 31, 2017 June 30, 2023 March 31, 2025
Comment
I.07. Enrollment decisions made within service standard Value Not available Not available 80%
Date May 31, 2017 May 31, 2017 March 31, 2025
Comment
I.08. Grievances resolved within service standard Value Not available Not available 80%
Date May 31, 2017 May 31, 2017 March 31, 2025
Comment
I.09. Community awareness of application and selection process Value Not available 32% 80%
Date May 31, 2017 December 31, 2020 March 31, 2025
Comment
I.10. Beneficiaries satisfied with service delivery Value Not available 74% 80%
Date May 31, 2017 December 31, 2020 March 31, 2025
Comment
Female (number) Value 0.00 0.00 3300000.00
Date May 31, 2017 December 31, 2022 June 30, 2020
Comment
Female (number) Value 22384.00 6672859.00 700000.00
Date June 30, 2017 June 30, 2023 March 31, 2025
Comment
Female (%) Value Not available 31% 80%
Date May 31, 2017 December 31, 2020 March 31, 2025
Comment
Female (%) Value Not available 74% 80%
Date May 31, 2017 December 31, 2020 March 31, 2025
Comment

P.03. Cash transfer program budget delivered using digital payment	Value	BDT 0.25 billion	BDT 196.26 billion	BDT 20.00 billion
	Date	June 30, 2017	June 30, 2023	March 31, 2025
	Comment

P.04. Cash withdrawal time taken using digital payment	Value	230.00	136.00	150.00
	Date	May 15, 2017	December 31, 2020	March 31, 2025
	Comment

Female (%)	Value	Not available	Not available.	80%
	Date	May 31, 2017	May 31, 2017	March 31, 2025
	Comment

Female (BDT)	Value	BDT 0.14 billion	BDT 113.62 billion	BDT 12.00 billion
	Date	June 30, 2017	June 30, 2023	March 31, 2025
	Comment

I.11. Beneficiaries receiving cash transfers under CERC	Value	Not applicable	4.36 million beneficiaries	4.36 million beneficiaries
	Date	March 11, 2020	June 30, 2020	June 30, 2020
	Comment

I.12. Productive economic inclusion coverage	Value	0.00	0.00	10000.00
	Date	December 31, 2022	June 30, 2023	March 31, 2025
	Comment

I.13. Older people’s clubs established	Value	0.00	0.00	400.00
	Date	December 31, 2022	June 30, 2023	March 31, 2025
	Comment

I.02. Beneficiaries enrolled for digital payment	Value	39008.00	11121018.00	2000000.00
	Date	June 30, 2017	June 30, 2023	March 31, 2025
	Comment

I.04. Access points for digital payments	Value	58.00	157427.00	2000.00
	Date	June 30, 2017	June 30, 2023	March 31, 2025
	Comment

Female (number)	Value	0.00	0.00	3300000.00
	Date	May 31, 2017	December 31, 2022	June 30, 2020
	Comment

Female (number)	Value	22384.00	6672859.00	700000.00
	Date	June 30, 2017	June 30, 2023	March 31, 2025
	Comment

Cash Transfer Modernization Project

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

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

Detailed Financial Activity as of March 31, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS