Bangladesh - Safety Net Systems for the Poorest Project: additional financing and restructuring

The development objective of the Safety Net Systems for the Poorest Project for Bangladesh is to improve the equity, efficiency, and transparency of major safety net programs to benefit the poorest. This Project Paper seeks the approval of the Board of Executive Directors to provide a Credit in the amount of SDR 174.10 million (USD 245.00 million equivalent) for a proposed Additional Financing to the Safety Net Systems for the Poorest (SNSP) Project (the original Project) including a Restructuring. The proposed Additional Financing and Restructuring would support the scale-up of the use of selected systems relating to the Project Development Objective (PDO), cover cost overruns, and extend the original Project’s closing date by eighteen months to June 30, 2019.