Bangladesh: Countercyclical Support Facility Support Program, 2011
Asian Development Bank | February 2011
Abstract
The Countercyclical Support Facility Support Program (CSF) for Bangladesh was intended to help the country cope with the effects of the global crisis by supporting aggregate demand and more spending on social safety net programs (SSNPs) that would give women and vulnerable populations greater access to social services. The program was to be implemented from October 2009 to December 2010. The CSF took effect on 6 November 2009 and the loan of $500 million from the ordinary capital resources of the Asian Development Bank (ADB) was disbursed in a single tranche on 10 November 2009. The loan carried a term of 5 years, including a grace period of 3 years, an interest rate equal to the sum of the London interbank offered rate and 2.0%, and other terms and conditions laid down in the loan agreement. The CSF program was approved together with the Public Expenditure Support Facility Program (PESF) for Bangladesh to make the most of the positive synergy resulting from policy complementarity and funding additionality. This progress report describes macroeconomic developments in Bangladesh from October 2009 to November 2010, and outlines the impact and benefits of the CSF. It reflects the results of reviews made through regular communication between the government and ADB, and the findings of the inception and review missions. The CSF and the PESF shared implementation arrangements, with the Ministry of Finance (MOF) as executing agency, 10 ministry divisions or agencies as implementing agencies, and a program steering committee under the finance secretary, MOF, taking stock of economic and fiscal developments, as well as the progress of the government’s countercyclical development expenditure program.
Citation
Asian Development Bank. 2011. Bangladesh: Countercyclical Support Facility Support Program, 2011. © Asian Development Bank. http://hdl.handle.net/11540/3124. License: CC BY 3.0 IGO.Keywords
Macroeconomic
Macroeconomic Analysis
Performance Evaluation
Impact Evaluation
Economic indicators
Growth models
Gross domestic product
Macroeconomics
Economic forecast
Exports
Economic development projects
Economic policy
Economic forecasting
Show allCollapse
Citable URI
http://hdl.handle.net/11540/3124Metadata
Show full item recordUsers also downloaded
-
ADB Annual Report 2013: Main Report
Asian Development Bank (Asian Development Bank, 2014-04-01)ADB remains committed to supporting the development of Asia and the Pacific as it tackles these evolving challenges. This annual report highlights our contributions to inclusive, sustainable growth in 2013, with a special emphasis on the environment, and regional cooperation and integration. It also highlights ADB’s support for private sector development—an increasingly important element in the ...ADB remains committed to supporting the development of Asia and the Pacific as it tackles these evolving challenges. This annual report highlights our contributions to inclusive, sustainable growth in 2013, with a special emphasis on the environment, ... -
Asia Economic Monitor - July 2011
Asian Development Bank (Asian Development Bank, 2011-07-01)The Asia Economic Monitor is a semiannual review of emerging East Asia's growth and policy issues. It covers the 10 members of the Association of Southeast Asian Nations; People's Republic of China; Hong Kong, PRC, China; Republic of Korea; and Taipei,China. This issue includes a special section on exchange rate cooperation in East AsiaThe Asia Economic Monitor is a semiannual review of emerging East Asia's growth and policy issues. It covers the 10 members of the Association of Southeast Asian Nations; People's Republic of China; Hong Kong, PRC, China; Republic of Korea; and ... -
Developing Indicators and Monitoring Systems for Environmentally Livable Cities in the People’s Republic of China
Asian Development Bank (Asian Development Bank, 2014-04-01)This study explores the concept of environmental livability for urban centers of the People’s Republic of China as an important step in developing a methodology for environmentally sustainable economic development. As an important step in developing a methodology for environmentally sustainable economic development, the study explores the concept of environmental livability for the urban centers of ...This study explores the concept of environmental livability for urban centers of the People’s Republic of China as an important step in developing a methodology for environmentally sustainable economic development. As an important step in developing a ...
Related items
-
Supporting Indian Farmers: Price Support or Direct Income/Investment Support?
Gulati, Ashok; Chatterjee, Tirtha; Hussain, Siraj (Indian Council for Research on International Economic Relations, 2018-04-15)With increasing farm distress in the wake of falling farm prices in 2017, the State Government of Madhya Pradesh (GoMP) came out with an innovative scheme called Bhavantar Bhugtan Yojana (BBY), a price deficiency payment (PDP) scheme, to support farmers. It covered eight Kharif crops in 2017-18 and promised to pay the difference between their minimum support prices (MSPs) and their market prices ...With increasing farm distress in the wake of falling farm prices in 2017, the State Government of Madhya Pradesh (GoMP) came out with an innovative scheme called Bhavantar Bhugtan Yojana (BBY), a price deficiency payment (PDP) scheme, to support farmers. ... -
Strengthening the Financial System and Mobilizing Savings to Support More Balanced Growth in ASEAN+3
Siackhachanh, A. Noy"As witnessed during the 1997/98 Asian financial crisis, the dependency on short-term foreign capital for long-term investment made the region vulnerable to the sudden reversal of capital inflows. Rapid capital outflows not only caused the collapse of the financial system but also a sharp economic contraction that caused millions of citizens to fall below the poverty line and reversed overnight the ..."As witnessed during the 1997/98 Asian financial crisis, the dependency on short-term foreign capital for long-term investment made the region vulnerable to the sudden reversal of capital inflows. Rapid capital outflows not only caused the collapse of ... -
The Asian Development Fund Operations: A Decade of Supporting Poverty Reduction in the Asia and Pacific Region
Asian Development Bank (Asian Development Bank, 2012-04-01)Faced with growing development challenges - especially external economic shocks, climate change, and natural disasters - several developing countries in Asia and the Pacific are unlikely to reach the non-income Millennium Development Goal targets by 2015. There is therefore a need for stronger action as well as for more resources from the Asian Development Bank's (ADB) Asian Development Fund (ADF), ...Faced with growing development challenges - especially external economic shocks, climate change, and natural disasters - several developing countries in Asia and the Pacific are unlikely to reach the non-income Millennium Development Goal targets by ...