DHAKA, 11 June 2022, (TON): The Asian Development Bank approved a $250 million policy-based loan to support social protection reforms in Bangladesh designed to protect vulnerable population against socioeconomic challenges.
The loan will finance subprogramme 2 of the Strengthening Social Resilience Programme and build on the first subprogramme which implemented institutional and policy reforms that strengthened the inclusiveness and responsiveness of social protection in Bangladesh.
ADB principal social sector specialist for South Asia Hiroko Uchimura-Shiroishi said “the Covid pandemic highlighted the need to strengthen social protection systems to help people cope and manage disasters and crises.”
This subprogramme continues ADB’s support to improve the coverage and efficiency of social protection programmes in Bangladesh, build resilience of the disadvantaged, and support an inclusive recovery.
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