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- Operations
- COVID-19 Active Response and Expenditure Support Program
COVID-19 Active Response and Expenditure Support Program
Bangladesh
| Borrower | People's Republic of Bangladesh |
| Financing Type | Public Sector |
| Instrument | Budgetary Support |
| Focus Area | Multisectoral |
| Approved | 21.08.2020 |
| Signed | 25.11.2020 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Executing Agency | Ministry of Finance of Bangladesh |
| Co-financiers | ADB, Ministry of Finance of Bangladesh, IMF, AIIB, IDA, Other sources |
| OPEC Fund Contribution (US$m) | 70.00 |
| Total Project Cost (US$m) | 13,074.00 |
To help provide social safety net programs for the poor and vulnerable, day laborers and informal workers, as well as healthcare staff. The loan will also contribute to economic packages to protect Bangladesh’s export industry. Measures include zero-cost credit to support factory worker salaries and low-interest loans to factories and small- and medium-size enterprises. Furthermore, around 600,000 tons of rice and wheat will be distributed to low-income households.