CREDIT NUMBER 7412-BD
Financing Agreement
(Learning Acceleration in Secondary Education)
between
PEOPLE’S REPUBLIC OF BANGLADESH
and
INTERNATIONAL DEVELOPMENT ASSOCIATION
CREDIT NUMBER 7412-BD
FINANCING AGREEMENT
AGREEMENT dated as of the Signature Date between PEOPLE’S REPUBLIC
OF BANGLADESH (“Recipient”) and INTERNATIONAL DEVELOPMENT
ASSOCIATION (“Association”).
The Recipient and the Association hereby agree as follows:
ARTICLE I — GENERAL CONDITIONS; DEFINITIONS
1.01. The General Conditions (as defined in the Appendix to this Agreement) apply to
and form part of this Agreement.
1.02. Unless the context requires otherwise, the capitalized terms used in this Agreement
have the meanings ascribed to them in the General Conditions or in the Appendix
to this Agreement.
ARTICLE II — FINANCING
2.01. The Association agrees to extend to the Recipient a credit, which is deemed as
Concessional Financing for purposes of the General Conditions, in an amount
equivalent to two hundred twenty-three million four hundred thousand Special
Drawing Rights (SDR 223,400,000) (variously, “Credit” and “Financing”), to
assist in financing:
(a) the program described in Part 1 of Schedule 1 to this Agreement
(“Program”); and
(b) the project as described in Part 2 of Schedule 1 to this Agreement
(“Project”)
(the Program and the Project hereinafter jointly referred to as the “Operation”).
2.02. The Recipient may withdraw the proceeds of the Financing in accordance with
Section IV of Schedule 2 to this Agreement. All withdrawals from the Financing
Account to which the amount of the Credit allocated to the Program is credited
shall be deposited by the Association into an account specified by the Recipient
and acceptable to the Association.
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2.03. The Maximum Commitment Charge Rate is one-half of one percent (1/2 of 1%)
per annum on the Unwithdrawn Financing Balance.
2.04. The Service Charge is three-fourths of one percent (3/4 of 1%) per annum on the
Withdrawn Credit Balance.
2.05. The Interest Charge is one and a quarter percent (1.25%) per annum on the
Withdrawn Credit Balance.
2.06. The Payment Dates are March 1 and September 1 in each year.
2.07. The principal amount of the Credit shall be repaid in accordance with the
repayment schedule set forth in Schedule 3 to this Agreement.
2.08. The Payment Currency is Dollar.
ARTICLE III — OPERATION
3.01. The Recipient declares its commitment to the objective of the Operation. To this
end, the Recipient shall carry out the Operation through SHED under MoE in
accordance with the provisions of Article V of the Program General Conditions,
Article V of the Project General Conditions, and Schedule 2 to this Agreement.
ARTICLE IV — EFFECTIVENESS; TERMINATION
4.01. The Effectiveness Deadline is the date ninety (90) days after the Signature Date.
4.02. For purposes of Section 10.05(b) of the General Conditions, the date on which the
obligations of the Recipient under this Agreement (other than those providing for
payment obligations) shall terminate is twenty (20) years after the Signature Date.
ARTICLE V — REPRESENTATIVE; ADDRESSES
5.01. The Recipient’s Representative is the Senior Secretary/Secretary, or any
Additional Secretary, or Joint Secretary, Deputy Secretary, Senior Assistant
Secretary, Assistant Secretary of the Economic Relations Division of its Ministry
of Finance.
5.02. For purposes of Section 11.01 of the General Conditions:
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(a) the Recipient’s address is:
Economic Relations Division
Ministry of Finance
Government of the People’s Republic of Bangladesh
Sher-e-Bangla Nagar 1207
Dhaka, Bangladesh; and
(b) the Recipient’s Electronic Address is:
Facsimile: E-mail:
+88029180788 secretary@erd.gov.bd
5.03. For purposes of Section 11.01 of the General Conditions:
(a) The Association’s address is:
International Development Association
1818 H Street, N.W.
Washington, D.C. 20433
United States of America; and
(b) the Association’s Electronic Address is:
Telex: Facsimile:
248423 (MCI) 1-202-477-6391
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AGREED as of the Signature Date.
PEOPLE’S REPUBLIC OF BANGLADESH
By
_____________________________________/s1/
Authorized Representative
Secretary Sharifa Khan
Name: __________________________/n1/
Ms.
Title: __________________________/t1/
22-Nov-2023
Date: __________________________/d1/
INTERNATIONAL DEVELOPMENT ASSOCIATION
By
_____________________________________/s2/
Authorized Representative
Abdoulaye Seck
Name: __________________________/n2/
Country Director
Title: __________________________/t2/
03-Nov-2023
Date: __________________________/d2/
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SCHEDULE 1
Operation Description
The objective of the Operation is to improve student learning and retention, and build
system resilience in secondary education.
The Operation consists of the Program and the Project as follows:
Part 1: The Program
The Program consists of the following activities:
Results Area 1: Student support for improved learning, retention and resilience
(a) improving student learning through the assessment of student learning level,
delivery of an accelerated and streamlined curriculum on foundational skills and
subjects, delivery of programs to foster reading, and provision of additional and/or
remedial classes and support to students who are lagging;
(b) leveraging information and communication technology (ICT) in education to
promote a blended learning environment, which helps provide targeted and
individualized support to students and strengthen education system’s resilience to
future shocks, including by developing digital learning framework, developing e-
content and providing requisite trainings to teachers and head-teachers as well as
digitizing learning materials and enhancing connectivity, especially in climate
vulnerable areas;
(c) improving student retention by: supporting identification and re-enrollment of
students that had dropped out of secondary education, with a particular focus on
the disadvantaged; raising awareness on school-related gender-based violence
(SRGBV) and building capacity of educational institutions to adopt survivor-
centered standard operating procedures, including through operationalization of
psychosocial and mental health counselling, existing sexual harassment prevention
committees and referral pathways, and linkages to multisectoral service providers;
providing poverty-targeted stipends to eligible students; and building awareness
through community and social mobilization; and
(d) supporting climate change mitigation and adaptation, including by: providing
remote remedial education; developing and providing educational content on
climate mitigation and adaptation; equipping students and schools with blended
learning to help with learning continuity in the event of climate-induced school
closures; and preventing drop-out of students in climate-vulnerable areas through
complementary initiatives and incentives.
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Results Area 2: Improved teacher competency
(a) scaling up pre-service and in-service training to secondary teacher for core subject
mastery, improved pedagogy for blended learning, and climate change mitigation
and adaptation; and scaling up virtual and in-person platforms for teacher peer-to-
peer networking, mentoring, coaching and support;
(b) fostering global best practices in teacher performance, including by using
formative assessments as part of the day-to-day teaching, and implementing
targeted approaches to address the differentiated needs of students in classrooms;
(c) reforming teacher management systems by designing and implementing pilot
programs, including by recognizing and rewarding teachers who improve
classroom practices, scaling up management and leadership training for head
teachers and assistant head teachers, and scaling up behavioral interventions; and
(d) supporting climate change mitigation and adaptation through teacher training on
climate change, including through training on emergency preparedness and
response measures in case of climate-related emergencies, causes and impacts of
climate change, strategies for climate change mitigation and adaptation,
Bangladesh’s climate vulnerability, and government policy framework to address
climate change.
Results Area 3: Improved secondary systems and resilience
(a) carrying out curriculum and assessment reform by: supporting curriculum
digitization; use of classroom-based diagnostic and formative assessment;
implementation of national assessments for secondary institutions; improved use
of assessment data for policy design and implementation; and inclusion of climate
study;
(b) fostering climate-smart mindsets, behaviors, and skills among secondary students
by mainstreaming lessons on climate change mitigation and adaptation in
secondary lessons and supporting climate-change activism and building climate
resilience in targeted secondary schools, through promoting climate resilience
measures, climate-resilient and environmentally friendly construction and
development of school safety master plans and school safety guidelines for climate
emergency preparedness as part of school development plans;
(c) creating an enabling environment for vocational training in secondary grades and
institutions, and providing performance-based grants (PBGs) to eligible teachers,
secondary schools, and necessary facilities to support students’ acquisition of
market relevant skills; and
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(d) strengthening data management, monitoring and evaluation capacity of the
secondary education subsector.
Part 2: The Project
The Project supports management, monitoring, and evaluation of the Program, including:
(a) provision of technical assistance to support and strengthen the capacity of MoE for
Program implementation and monitoring; and
(b) supporting capacity development of SHED and DSHE in, inter alia: teacher
professional development, management, and use of ICT; strengthening of quality
and timeliness of reporting, fiduciary and environmental and social risk
management; undertaking assessments and evaluation studies, and commissioning
the Independent Verification Agent; improving climate resilience and energy
efficiency in schools; and coordination among SHED and DSHE.
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SCHEDULE 2
Operation Execution
Section I. Implementation Arrangements
A. Institutional Arrangement
1. The Recipient shall, through its Ministry of Education, vest responsibility to SHED
as the executing agency primarily responsible for: (a) overall policy guidance for
the implementation of the Operation; and (b) overall coordination and oversight of
the Operation.
2. (a) The Recipient shall, through SHED, vest responsibility to DSHE as the
implementing agency primarily responsible for the management and
implementation of the Operation, including achievement of the
Disbursement Linked Indicators (DLIs) and Disbursement Linked Results
(DLRs);
(b) To this end, the Recipient shall, not later than four (4) months after the
Effective Date, establish and thereafter maintain through the duration of
the Operation, a program implementation unit (“PIU”) within the DSHE,
which shall be: (i) headed by a project director and supported by a
technical assistance team, with composition and terms of reference
satisfactory to the Association and in accordance with the provisions of
the Operations Manual; and (ii) vested with the responsibility of day-to-
day implementation of the Operation.
3. The Recipient shall, not later than four (4) months after the Effective Date,
establish and thereafter maintain throughout the duration of the Operation, a
program steering committee (the “Program Steering Committee”), at the MoE
which shall: (a) be chaired by the Secretary of SHED and with composition and
terms of reference satisfactory to the Association and in accordance with the
provisions of the Operations Manual; and (b) be vested with the responsibility of:
(i) overseeing the coordination, monitoring, and implementation of the Operation;
and (ii) providing necessary policy support and guidance for the implementation
of the Operation.
4. The Recipient shall, not later than four (4) months after the Effective Date,
establish and thereafter maintain throughout the duration of the Operation, a
program implementation committee (the “Program Implementation Committee”),
at the DSHE which shall: (a) be chaired by the Director General of DSHE and
with composition and terms of reference satisfactory to the Association and in
accordance with the provisions of the Operations Manual; and (b) be vested with
the responsibility of: (i) reviewing the progress of the implementation (financial
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and physical) of the Operation; and (ii) providing recommendations on
overcoming challenges, if any, in the implementation of the Operation.
B. Operations Manual
1. The Recipient, through SHED, shall not later than six (6) months after the Effective
Date, adopt the Operations Manual in form and substance acceptable to the
Association. Such Operations Manual shall include, inter alia: (a) the roles and
responsibilities of key institutions required for implementation of the Operation
and the Program Action Plan; (b) the Program’s monitoring, evaluation and
reporting requirements; (c) the verification protocol for the demonstration of the
satisfaction of each DLR; (d) detailed fiduciary arrangements (including
procurement and financial management arrangements and protocol for the
application of the Anti-corruption Guidelines) applicable to the entities involved
in the implementation of the Program and receiving proceeds of the Credit; (e)
procedures for the collection, storage, usage, and/or processing of Personal Data;
(f) the Project administrative, accounting, auditing, reporting, financial,
disbursement, social and environmental, and procurement procedures, as agreed
with the Association; (g) the protocols and procedures for the grievance redress
mechanisms; and (h) the performance indicators for the Operation.
2. The Recipient, through SHED, shall and shall cause DSHE to, implement the
Operation in accordance with the provisions of the Operations Manual.
3. The Recipient shall not amend, abrogate or suspend, or permit to be amended,
abrogated or suspended any provision of the Operations Manual without the prior
written agreement of the Association.
4. Notwithstanding the foregoing, if any provision of the Operations Manual is
inconsistent with the provisions of this Agreement, the provisions of this
Agreement shall prevail.
C. Program Action Plan
Unless otherwise agreed with the Association, the Recipient, through SHED, shall
and shall cause the DSHE to carry out the Program under the Program Action Plan
in a manner satisfactory to the Association, and except as the Association shall
otherwise agree, shall not assign, amend, abrogate, or waive any provision of the
Program Action Plan.
D. Environmental and Social Standards for the Project
1. The Recipient shall ensure that the Project is carried out in accordance with the
Environmental and Social Standards, in a manner acceptable to the Association.
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2. Without limitation upon paragraph 1 above, the Recipient shall ensure that the
Project is implemented in accordance with the Environmental and Social
Commitment Plan (“ESCP”), in a manner acceptable to the Association. To this
end, the Recipient shall ensure that:
(a) the measures and actions specified in the ESCP are implemented with due
diligence and efficiency, as provided in the ESCP;
(b) sufficient funds are available to cover the costs of implementing the ESCP;
(c) policies and procedures are maintained, and qualified and experienced
staff in adequate numbers are retained to implement the ESCP, as provided
in the ESCP; and
(d) the ESCP, or any provision thereof, is not amended, repealed, suspended
or waived, except as the Association shall otherwise agree in writing, as
specified in the ESCP, and ensure that the revised ESCP is disclosed
promptly thereafter.
3. In case of any inconsistencies between the ESCP and the provisions of this
Agreement, the provisions of this Agreement shall prevail.
4. The Recipient shall ensure that:
(a) all measures necessary are taken to collect, compile, and furnish to the
Association through regular reports, with the frequency specified in the
ESCP, and promptly in a separate report or reports, if so requested by the
Association, information on the status of compliance with the ESCP and
the environmental and social instruments referred to therein, all such
reports in form and substance acceptable to the Association, setting out,
inter alia: (i) the status of implementation of the ESCP; (ii) conditions, if
any, which interfere or threaten to interfere with the implementation of the
ESCP; and (iii) corrective and preventive measures taken or required to be
taken to address such conditions; and
(b) the Association is promptly notified of any incident or accident related to
or having an impact on the Project which has, or is likely to have, a
significant adverse effect on the environment, the affected communities,
the public or workers, including, in accordance with the ESCP, the
environmental and social instruments referenced therein and the
Environmental and Social Standards.
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5. The Recipient shall establish, publicize, maintain and operate an accessible
grievance mechanism, to receive and facilitate resolution of concerns and
grievances of Project-affected people, and take all measures necessary and
appropriate to resolve, or facilitate the resolution of, such concerns and grievances,
in a manner acceptable to the Association.
E. Additional Implementation Arrangements
1. The Recipient, through SHED, shall, and shall cause DSHE, to:
(a) Without limitation on the provisions of Article V of the General
Conditions, carry out the Program in accordance with financial
management, procurement and environmental and social management
systems acceptable to the Association and included in the applicable
Operations Manual which are designed to ensure that:
(i) the Credit proceeds are used for their intended purposes, with due
attention to the principles of economy, efficiency, effectiveness,
transparency, and accountability; and
(ii) the actual and potential adverse environmental and social impacts
of the Program are identified, avoided, minimized, or mitigated,
as the case may be, all through the agreed environment and social
management measures and procedures, as well as through an
informed decision-making process.
(b) no later than three (3) months after the Effective Date, create separate main
Program code for the Program Expenditures.
Section II. Excluded Activities
The Recipient shall ensure that the Program excludes any activities which:
A. in the opinion of the Association, are likely to have significant adverse impacts
that are sensitive, diverse, or unprecedented on the environment and/or affected
people; or
B. involve the procurement of: (1) works (including constructions, high valued
machinery contracts, land acquisition, and activities that are likely to have
significant adverse impacts that are sensitive, diverse, or unprecedented on the
environment and/or affected people); (2) goods, estimated to cost fifty million
Dollars ($50,000,000) equivalent or more per contract; (3) non-consulting
services, estimated to cost fifty million Dollars ($50,000,000) equivalent or more
per contract; (4) consulting services, estimated to cost twenty million Dollars
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($20,000,000) equivalent or more per contract; (5) recurrent expenditure items of
government officers and government teachers, salary allowances, and recurring
and capital grants (teacher salary); (6) fuel cost; (7) textbook procurement; or (8)
good requiring international procurement.
Section III. Operation Monitoring, Reporting and Evaluation
A. Operation Monitoring, Reporting and Evaluation
The Recipient shall furnish to the Association each Program Report and Project Report not
later than two (2) months after the end of each calendar semester, covering the calendar
semester. Except as may otherwise be explicitly required or permitted under this
Agreement or as may be explicitly requested by the Association, in sharing any
information, report or document related to the activities described in Schedule 1 to this
Agreement, the Recipient shall ensure that such information, report or document does not
include Personal Data.
B. Verification Protocols for the Program
1. The Recipient, through SHED, shall:
(a) undertake a verification process to certify the fulfillment of the DLRs set
out in the Annex to Schedule 2 to this Agreement. To this end the
Recipient, through SHED, shall select and engage no later than four (4)
months after the Effective Date and thereafter maintain throughout the
period of implementation of the Program, the services of one or more
Independent Verification Agent(s) with qualification and experience and
under terms of reference satisfactory to the Association, in order to: (i)
support the Program’s monitoring and evaluation; (ii) verify the data and
other evidence supporting the achievement of the DLRs set out in the
Annex to Schedule 2 to this Agreement and recommend corresponding
payments to be made, as applicable; and
(b) furnish to the Association corresponding verification report, in form and
substance agreed with the Association.
Section IV. Withdrawal of the Proceeds of the Financing
A. General
1. Without limitation upon the provisions of Article II of the Program General
Conditions, and Article II of the Project General Conditions, and in accordance
with the Disbursement and Financial Information Letter, the Recipient may
withdraw the proceeds of the Financing to: (a) with respect to the Program, finance
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Program Expenditures (inclusive of Taxes), on the basis of the results (DLRs)
achieved by the Recipient, as measured against specific indicators (DLIs) in the
amount allocated against Categories (1) through (8) of the below table and Annex
to Schedule 2 to this Agreement; and (b) with respect to the Project, finance
Eligible Expenditures in the amount allocated and, if applicable, up to the
percentage set forth against Category (9) of the below table.
2. The following table specifies each category of withdrawal of the proceeds of the
Financing (including the DLIs as applicable) (“Category”), and the allocation of
the amounts of the Financing to each Category:
Category Amount of the Financing Percentage of Expenditures
(including DLIs as Allocated to be Financed
applicable) (expressed in SDR)) (inclusive of Taxes)
(1) DLI #1: Improved teacing 31,280,000
ability of targeted teachers NA
(2) DLI #2: Improved 37,230,000
learning outcomes through NA
learning recovery and
acceleration measures
(3) DLI #3: Blended learning 26,060,000
for math, Bangla, and climate NA
education for improved
learning and access
implemented
(4) DLI #4: Improved 31,280,000
students’ access to secondary NA
education and increased
retention
(5) DLI #5: National 13,400,000
assessment implemented to NA
improve teaching-learning
(6) DLI #6: Improved school 26,800,000
management for learning and NA
resilience
(7) DLI #7: Skilling 31,280,000
secondary students for NA
climate change mitigation
and adaptation
(8) DLI #8: Enabiling 11,170,000
environment for vocational NA
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training for secondary
teachers created
(9) Eligible Expenditures 14,900,000 100%
under the Project for Goods
(excluding vehicles), non-
consulting services,
consulting services, Training
and Workshops, and
Incremental Operating Costs
TOTAL AMOUNT 223,400,000
B. Withdrawal Conditions for the Program; Withdrawal Period
1. Notwithstanding the provisions of Part A of this Section, with respect to Categories
(1) through (8), no withdrawal shall be made:
(a) on the basis of DLRs achieved prior to the Signature Date.
(b) for any DLR under Category (1) through (8), until and unless the Recipient
has furnished evidence satisfactory to the Association that said DLR has
been achieved.
2. Notwithstanding the provisions of Part B.1(b) of this Section, the Recipient may
withdraw an amount not to exceed fifty-two million one hundred twenty-five
thousand Special Drawing Rights (SDR 52,125,000) as an advance under
Categories (1)-(8); provided, however, that if the DLR(s) in the opinion of the
Association, is (are) not achieved (or only partially achieved, in accordance with
Annex to Schedule 2) by the Closing Date, the Recipient shall refund such advance
(or portion of such advance as determined by the Association in accordance with
the provisions of paragraph (2) of this Part B) to the Association promptly upon
notice thereof by the Association. Except as otherwise agreed with the Recipient,
the Association shall cancel the amount so refunded. Any further withdrawals
requested as an advance under any Category shall be permitted only on such terms
and conditions as the Association shall specify by notice to the Recipient.
3. Notwithstanding the provisions of Part B.1(b) of this Section, if any of the DLRs
under Category (1) through (8) has not been achieved by the date by which the said
DLR is set to be achieved (or such later date as the Association has established by
notice to the Recipient), the Association may, by notice to the Recipient: (a)
authorize the withdrawal of such lesser amount of the unwithdrawn proceeds of
the Financing then allocated to said Category which, in the opinion of the
Association, corresponds to the extent of achievement of said DLR, said lesser
amount to be calculated in accordance with the formula set out in Annex to
Schedule 2; (b) reallocate all or a portion of the proceeds of the Financing then
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allocated to said DLR to any other DLR ; and/or (c) cancel all or a portion of the
proceeds of the Financing then allocated to said DLR.
C. Withdrawal Conditions for the Project
Notwithstanding the provisions of Part A of this Section, no withdrawal shall be
made, with respect to Category (9):
(a) for payments made prior to the Signature Date.
D. Operation Withdrawal Period
The Closing Date is December 31, 2028.
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ANNEX TO SCHEDULE 2 – Disbursement-Linked Indicators, Disbursement-
Linked Results
Disbursement Disbursement Linked Results (DLRs in SDR amounts)
Linked
Indicators Year 1 Year 2 Year 3 Year 4 Year 5
DLI #1. DLR 1.1: Training DLR 1.2: DLR 1.3: DLR 1.4: DLR 1.5: Share
Improved manual approved. Number of Number of Number of of trained teachers
teaching The manual should teachers teachers trained teachers trained achieving
ability of cover the following trained in one in one of the in one of the competency in
targeted domains: (i) core of the following following trained domains
teachers subject mastery following domains: core domains: core (core subject
(math and Bangla, domains: core subject subject mastery, mastery,
both content and subject mastery, pedagogy for pedagogy for
pedagogy); (ii) mastery, pedagogy for blended learning, blended learning,
pedagogy for pedagogy for blended climate change climate change
blended learning; blended learning, mitigation, mitigation and
(iii) climate change learning, climate change adaptation meets adaption)
mitigation and climate change mitigation, yearly target increases by
adaptation and (iv) mitigation, adaptation (cumulative: 15percent
methodology for adaptation meets yearly Year 4: 15,000).
teacher pre-training meets yearly target
evaluation and target (Year 2: (cumulative:
baseline 2,000) Year 3: 6,000).
Allocated DLR 1.1: DLR 1.2: DLR 1.3: DLR 1.4: DLR 1.5:
Amount(s) in Roll over: Yes, Roll over: Yes, Roll over: Yes, Roll over: Yes, Roll over: No
until December 31, until until December until December
31,280,000 2025 December 31, 31, 2027 31, 2028 Allocated amount:
2026 7,448,000
Allocated amount: Allocated Allocated
5,958,000 Allocated amount: amount: Scalability: No
amount: 5,958,000 5,958,000
Scalability: Yes 5,958,000 7,448,000
Scalability: Yes Scalability: Yes upon achievement
1,489,500 Scalability: of target
for each of the Yes 2,979,000
domains covered in for 2000 trained 2,979,000
the manual 2,979,000 teachers and for 4500 trained
for 1,000 teachers and
trained 2,979,000
teachers and for additional 2,979,000
2,000 trained for additional
2,979,000 teachers 4,500 trained
for additional teachers
1,000 trained
teachers
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Disbursement Disbursement Linked Results (DLRs in SDR amounts)
Linked
Indicators Year 1 Year 2 Year 3 Year 4 Year 5
DLI #2. DLR 2.1: DLR 2.2: DLR 2.3: DLR 2.5: DLR 2.7:
Improved Dissemination and Number of Number of Number of Share of students
learning training on learning schools schools schools achieving grade
outcomes loss and recovery implementing implementing implementing level competency
through data and strategies learning learning learning in grade 8 is at: (i)
learning – This DLR is acceleration acceleration acceleration 65percent for
recovery and considered met program program program Math and (ii)
acceleration when (i) (formative (formative (formative 90percent for
measures Information on assessments assessments assessments and Bangla, as per the
learning losses and and and remediation latest National
learning recovery remediation remediation among grade 6 Assessment of
strategies is among grade 6 among grade 6 and 8 students) Secondary
disseminated to at and 8 students) and 8 students) meets yearly Students (NASS)
least 50percent of meets yearly meets yearly targets
Upazilas; and (ii) targets (Year targets (cumulative:
teacher guidelines 2: 1,200) (cumulative: Year 4: 7,200)
for formative Year 3: 3,000)
assessments and DLR 2.6:
remediation among DLR 2.4: Number of
students in grade 6 Number of schools
and 8 for math and schools implementing
Bangla are implementing reading program
approved reading among grade 6
program among and 8 students
grade 6 and 8 meets yearly
students meets targets
yearly targets (: (cumulative:
Year 3: 3,000) Year 4: 7,200)
Allocated DLR 2.1: DLR 2.2: DLR 2.3: DLR 2.5: DLR 2.7:
Amount(s) in Roll over: Yes, Roll over: Yes, Roll over: Yes, Roll over: Yes, Roll over: No
37,230,000 until December 31, until until December until December
2025 December 31, 31, 2027 31, 2028 Allocated amount:
2026 7,446,000
Allocated amount: Allocated Allocated
7,446,000 Allocated amount: amount: Scalability: Yes
amount: 3,723,000 3,723,000
Scalability: Yes 7,446,000 3,723,000
Scalability: No Scalability: No upon achievement
3,723,000 Scalability: No of (i) and
upon achievement 3,723,000 3,723,000
of (i) and 7,446,000 upon upon 3,723,000
3,723,000 upon achievement of achievement of upon achievement
upon achievement achievement target target of (ii)
of (ii) of target
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Disbursement Disbursement Linked Results (DLRs in SDR amounts)
Linked
Indicators Year 1 Year 2 Year 3 Year 4 Year 5
DLR 2.4: DLR 2.6:
Roll over: Yes, Roll over: Yes,
until December until September
31, 2027 30, 2028
Allocated Allocated
amount: amount:
3,723,000 3,723,000
Scalability: No Scalability: No
3,723,000 3,723,000
upon upon
achievement of achievement of
target target
DLI #3. DLR 3.1: DLR 3.2: DLR 3.3: DLR 3.4: DLR 3.5: At least
Blended e-content (grade 6 Blended Blended Blended learning 40percent of
learning for math and Bangla, learning learning implemented in at students in
math, Bangla, grade 8 math and implemented implemented in least 2,100 targeted schools
and climate Bangla, climate in at least 700 at least 1,400 secondary (cumulative) are
education for education) secondary secondary institutions actively using
improved developed and institutions institutions (cumulative) blended learning
learning and piloted for math, (cumulative) for English and/or
access Bangla, and math
implemented climate education
Allocated DLR 3.1: DLR 3.2: DLR 3.3: DLR 3.4: DLR 3.5:
Amount(s) in
26,060,000 Roll over: Yes, Roll over: Yes, Roll over: Yes, Roll over: Yes, Roll over: No
until December 31, until until December until December
2025 December 31, 31, 2027 31, 2028 Allocated amount:
2026 7,445,000
Allocated amount: Allocated Allocated
7,446,000 Allocated amount: amount: Scalability: Yes
amount: 3,723,000 3,723,000
Scalability: Yes 3,723,000 3,722,500
Scalability: Yes Scalability: Yes for 20percent of
1,489,200 Scalability: students and
each for e-content Yes 1,861,500 1,861,500 3,722,500
for grade 6 math, for 350 for 350 for additional
grade 6 Bangla, 1,861,500 institutions; and institutions; and 20percent of
grade 8 math, for 350 1,861,500 students
grade 8 Bangla, institutions; for additional 1,861,500
climate education and 350 institutions for additional 350
institutions
1,861,500
-19-
Disbursement Disbursement Linked Results (DLRs in SDR amounts)
Linked
Indicators Year 1 Year 2 Year 3 Year 4 Year 5
for additional
350
institutions
DLI #4. DLR 4.1: Prepare DLR 4.2: DLR 4.3: (i) DLR 4.4: (i)
Improved or revise and adopt SRGBV SRGBV and Grade 10 (of those
students’ guidelines for (i) protocol mental health started in grade 6)
access to poverty-targeted activated, and support retention rate
secondary stipends (revised poverty- provided (At improved by
education and Harmonized targeted least 30percent 4percent; and (ii)
increased Stipend Program stipends of students in grade 10 (of those
retention (HSP) criteria and disbursed with targeted started in grade 6)
additional outreach (i)(a) at least schools retention rate for
strategies for 5,000 (cumulatively) girls improved by
students in climate- institutions can identify at 3percent
vulnerable areas); have sexual least one
(ii) school-related harassment mechanism for
gender-based prevention reporting
violence (SRGBV); committees SRGBV and/or
and (iii) mental (SHPCs) set accessing
health support up, (b) referral mental health
pathways support); (ii) At
established, (c) least 50percent
standard of eligible cases
operating reported to
procedures SHPCs in
(SOPs) targeted
adopted; and institutions
(ii) poverty- (cumulatively)
targeted are handled
stipends according to
disbursed for protocol; and
grades 6-12 (iii)
based on the disbursement of
manual poverty-
targeted
stipends for
grades 6 -12
based on the
manual
Allocated DLR 4.1: DLR 4.2: DLR 4.3: DLR 4.4:
Amount(s) in
31,280,000 Roll over: Yes, Roll over: Yes, Roll over: Yes, Roll over: No
until December 31, until until December
2025 December 31, 31, 2027 Allocated
2026 Amount:
-20-
Disbursement Disbursement Linked Results (DLRs in SDR amounts)
Linked
Indicators Year 1 Year 2 Year 3 Year 4 Year 5
Allocated Amount: Allocated 7,446,000
8,942,000 Allocated Amount:
Amount: 7,446,000 Scalability: Yes
Scalability: Yes 7,446,000
Scalability: Yes 3,723,000
Scalability: upon achievement
2,980,666.67 Yes 2,978,400 of (i) and
each for (i); (ii); upon 3,723,000
(iii) 3,723,000 achievement of upon achievement
upon (i); of (ii)
achievement
of (i) 2,233,800
(1,489,200 upon
for SHPC; achievement of
(ii) and
1,489,200
for referral 2,233,800
establishment; upon
achievement of
744,600.00 (iii)
for SOPs) and
3,723,000
upon
achievement
of (ii)
DLI #5. DLR 5.1: DLR 5.2:
National NASS 2024 NASS 2026
Assessment carried out carried out
implemented nationally for nationally for
to improve grades 6, 8 and grades 6, 8 and
teaching- 10 and the 10 and the
learning findings findings
published published
Allocated DLR 5.1: DLR 5.2:
Amount(s) in
13,400,000 Roll over: Yes, Roll over: Yes,
until until December
December 31, 31, 2028
2026
Allocated
Allocated Amount:
Amount: 6,700,000
6,700,000
Scalability: No
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Disbursement Disbursement Linked Results (DLRs in SDR amounts)
Linked
Indicators Year 1 Year 2 Year 3 Year 4 Year 5
Scalability: No
6,700,000 6,700,000
upon upon
achievement achievement of
of target target
DLI #6. DLR 6.1: MoE DLR 6.2: (i) DLR 6.3: (i) DLR 6.4: (i)
Improved approves manuals Certifications/ Certifications/a Certifications/aw
school for: (i) PBGs which awards wards ards distributed to
management includes eligibility distributed to distributed to top 100 learning
for learning criteria for top 100 top 100 accelerator
and resilience teachers, students, learning learning schools as per
and secondary accelerator accelerator manual (DLR
schools; and (ii) schools as per schools as per 6.1, part (i)); and
climate resilience manual (DLR manual (DLR (ii) additional 100
measures to be 6.1, part (i)); 6.1, part (i)); schools
promoted at and (ii) and (ii) implementing
targeted secondary additional 100 additional 100 climate resilience
schools (including schools schools measures as per
(a) implementing implementing implementing manual (DLR
climate resilience climate climate 6.1, part (ii))
measures such as resilience resilience meets yearly
rainwater measures as measures as per target
harvesting and per manual manual (DLR (cumulative
greening of school (DLR 6.1, part 6.1, part (ii)) target for Year 4:
grounds; (ii)) meets meets yearly 600 schools).
implement climate yearly target target
mitigation (cumulative (cumulative
measures such as target for Year target for Year
improving energy 2: 200 schools) 3: 400 schools)
efficiency, waste
reduction; (b)
climate-resilient
and
environmentally
friendly
construction; and
(c) emergency
preparedness for
adverse climate
events by
supporting
institutions in
creating a school
safety master plan,
-22-
Disbursement Disbursement Linked Results (DLRs in SDR amounts)
Linked
Indicators Year 1 Year 2 Year 3 Year 4 Year 5
with school safety
guidelines,
including
evacuation plans,
in the event of a
climate disaster
such as a flood or a
cyclone as part of
school
development
plans).
Allocated DLR 6.1: DLR 6.2: DLR 6.3: DLR 6.4:
Amount(s) in Roll over: Yes, Roll over: Yes, Roll over: Yes, Roll over: Yes,
26,800,000 until December 31, until until December until December
2025 December 31, 31, 2027 31, 2028
2026
Allocated Amount: Allocated Allocated
6,700,000 Allocated Amount: Amount:
Amount: 6,700,000 6,700,000
Scalability: Yes 6,700,000
Scalability: Yes Scalability: Yes
3,350,000 Scalability:
upon achievement Yes 3,350,000 3,350,000
of (i) and upon upon
3,350,000 3,350,000 achievement of achievement of
upon achievement upon (i) and (i) and
of (ii) achievement
of (i) and 3,350,000 3,350,000
upon upon
3,350,000 achievement of achievement of
upon (ii) (ii)
achievement
of (ii)
DLI #7. DLR 7.1: (i) DLR 7.2: DLR 7.3: DLR 7.4: DLR 7.5: Share
Skilling DSHE publishes Number of Number of Number of of students in
secondary baseline on climate secondary secondary secondary targeted schools
students for awareness among students that students that students that for specific year
climate secondary students received received received exhibiting positive
change and teachers; and instruction on instruction on instruction on climate change
mitigation and (ii) DSHE issues a climate change climate change climate change mindsets or
adaptation circular to schools mitigation and mitigation and mitigation and behaviors
for plantation of at adaptation adaptation adaptation increases by
least 2 trees through through through dedicated 30percent over
dedicated dedicated sessions meets
-23-
Disbursement Disbursement Linked Results (DLRs in SDR amounts)
Linked
Indicators Year 1 Year 2 Year 3 Year 4 Year 5
sessions meets sessions meets target baseline (to be
target (year 2: target (cumulative determined)
15,000 (cumulative target for year 4:
students) target for year 45,000 students
3: 30,000
students)
Allocated DLR 7.1: DLR 7.2: DLR 7.3: DLR 7.4: DLR 7.5:
Amount(s) in
31,280,000 Roll over: Yes, Roll over: Yes, Roll over: Yes, Roll over: Yes, Roll over: No
until December 31, until until December until December
2025 December 31, 31, 2027 31, 2028 Allocated
2026 Amount:
Allocated Amount: Allocated Allocated 5,958,000
7,448,000 Allocated Amount: Amount:
Amount: 5,958,000 5,958,000 Scalability: Yes
Scalability: Yes 5,958,000
Scalability: Yes Scalability: Yes 2,979,000
3,724,000 Scalability: for 15percent
upon achievement Yes 2,979,000 2,979,000 for increase and
of (i) and for 10,000 10,000 students
3,724,000 2,979,000 students and and 2,979,000 for 2,979,000
upon achievement for 10,000 additional 5,000 for additional
of (ii) students and 2,979,000 students 15percent
for additional increase
2,979,000 5,000 students
for additional
5,000 students
DLI #8. DLR 8.1: Manual DLR 8.2: DLR 8.3:
Enabling for vocational Complete Complete
environment training for vocational vocational
for vocational secondary teachers training for training for 1,000
training for developed and 700 secondary secondary
secondary approved teachers teachers
teachers (cumulative)
created
Allocated DLR 8.1: DLR 8.2: DLR 8.3:
Amount(s) in
11,170,000 Roll over: Yes, Roll over: Yes, Roll over: Yes,
until December 31, until until December
2025 December 31, 31, 2028
2026
Allocated Amount: Allocated
3,723,333 Allocated Amount:
Amount: 3,723,334
-24-
Disbursement Disbursement Linked Results (DLRs in SDR amounts)
Linked
Indicators Year 1 Year 2 Year 3 Year 4 Year 5
3,723,333
Scalability: No Scalability: No
Scalability: No
3,723,333 3,723,334
upon achievement 3,723,333 upon
of target upon achievement of
achievement target
of target
-25-
SCHEDULE 3
Repayment Schedule
Principal Amount of the Credit
Date Payment Due repayable
(expressed as a percentage)*
On each March 1 and September 1:
commencing March 1, 2029, to and including 1.65%
September 1, 2048
commencing March 1, 2049, to and including 3.40%
September 1, 2053
* The percentages represent the percentage of the principal amount of the Credit to be
repaid, except as the Association may otherwise specify pursuant to Section 3.05(b) of the
General Conditions.
-26-
APPENDIX
Definitions
1. “Anti-Corruption Guidelines” means (a) for purposes of paragraph 5 of the
Appendix to the Program General Conditions, the Association’s “Guidelines on
Preventing and Combating Fraud and Corruption in Program-for-Results
Financing,” dated February 1, 2012, and revised July 10, 2015; and (b) for
purposes of paragraph 5 of the Appendix to the Project General Conditions, the
“Guidelines on Preventing and Combating Fraud and Corruption in Projects
Financed by IBRD Loans and IDA Credits and Grants”, dated October 15, 2006
and revised in January 2011 and as of July 1, 2016.
2. “Category” means a category set forth in the table in Section IV.A.2 of Schedule 2
to this Agreement.
3. “Disbursement Linked Indicator” or “DLI” means in respect of a given Category,
the indicator related to said Category as set forth in the table in Section IV.A.2 of
Schedule 2 to this Agreement.
4. “Disbursement Linked Result” or “DLR” means in respect of a given Category,
the result under said Category as set forth in the table in Section IV.A.2 of
Schedule 2 to this Agreement, on the basis of the achievement of which, the
amount of the Financing allocated to said result may be withdrawn in accordance
with the provisions of said Section IV.
5. “DSHE” means the Recipient’s Directorate of Secondary and Higher Education, a
directorate under SHED of MoE, or any successor thereto.
6. “Education Boards” mean nine boards collectively under SHED that are
responsible for conducting the public examinations, or any successor thereto.
7. “Environmental and Social Commitment Plan” or “ESCP” means the
environmental and social commitment plan for the Project, dated August 21, 2023,
as the same may be amended from time to time in accordance with the provisions
thereof, which sets out the material measures and actions that the Recipient shall
carry out or cause to be carried out to address the potential environmental and
social risks and impacts of the Project, including the timeframes of the actions and
measures, institutional, staffing, training, monitoring and reporting arrangements,
and any environmental and social instruments to be prepared thereunder.
8. “Environmental and Social Standards” or “ESSs” means, collectively: (i)
“Environmental and Social Standard 1: Assessment and Management of
Environmental and Social Risks and Impacts”; (ii) “Environmental and Social
-27-
Standard 2: Labor and Working Conditions”; (iii) “Environmental and Social
Standard 3: Resource Efficiency and Pollution Prevention and Management”; (iv)
“Environmental and Social Standard 4: Community Health and Safety”; (v)
“Environmental and Social Standard 5: Land Acquisition, Restrictions on Land
Use and Involuntary Resettlement”; (vi) “Environmental and Social Standard 6:
Biodiversity Conservation and Sustainable Management of Living Natural
Resources”; (vii) “Environmental and Social Standard 7: Indigenous Peoples/Sub-
Saharan Historically Underserved Traditional Local Communities”; (viii)
“Environmental and Social Standard 8: Cultural Heritage”; (ix) “Environmental
and Social Standard 9: Financial Intermediaries”; (x) “Environmental and Social
Standard 10: Stakeholder Engagement and Information Disclosure”; effective on
October 1, 2018, as published by the Association.
9. “Fiscal Year” or “FY” means the Recipient’s fiscal year commencing from July 1
and ending on June 30 of each year.
10. “General Conditions” means the Program General Conditions and/or the Project
General Conditions, as the case may be.
11. “Harmonized Stipend Program” means the Recipient’s harmonized stipend
program to be supported by the Program.
12. “Incremental Operating Costs” mean the reasonable costs required for the day-to-
day coordination, administration and supervision of Project activities, for leasing
and/or routine repair and maintenance of vehicles, equipment, facilities and office
premises; office rent; office supplies; utilities; consumables; communication
expenses; translation; printing, photocopying and postal expenses; bank charges;
advertising expenses; insurance; costs of clearing, forwarding, inspection, survey
and transportation of goods; Project-related meeting expenses; Project-related
travel, subsistence and lodging expenses, provided that such Incremental
Operating Costs are paid to the eligible recipient through the banking system
(except for petty cash expenses following the Recipient’s existing policy), subject
to Association’s prior consent if such costs exceed Bangladeshi Taka 250,000; and
salaries and allowances of contractual staff (other than consultants) but excluding
salaries and salary top ups of the Recipient’s civil servants, workshop allowances,
sitting allowances, cash per diems, honoraria, and fuel.
13. “Independent Verification Agent” or the acronym “IVA” means the Independent
Verification Agent(s) to be appointed by the Recipient for the purpose of verifying
DLRs in accordance with Section III.B.1(a) of Schedule 2 to this Agreement.
14. “Ministry of Education” or “MoE” means the Ministry of Education of the
Recipient, or any successor thereto.
-28-
15. “National Assessment of Secondary Students” means a system wide assessment
on a nationally representative sample basis commissioned by an independent
agency.
16. “Operations Manual” means the operations manual prepared in respect of the
Program and the Project referred to in Section I.B of Schedule 2 to this Agreement,
which shall set forth guidelines for the implementation of the Operation, as may
be amended from time to time with the prior agreement of the Association.
17. “Personal Data” means any information relating to an identified or identifiable
individual. An identifiable individual is one who can be identified by reasonable
means, directly or indirectly, by reference to an attribute or combination of
attributes within the data, or combination of the data with other available
information. Attributes that can be used to identify an identifiable individual
include, but are not limited to, name, identification number, location data, online
identifier, metadata and factors specific to the physical, physiological, genetic,
mental, economic, cultural or social identity of an individual.
18. “PIU” means the unit to be established pursuant to Section I.A.2(b) of Schedule 2
to this Agreement.
19. “Procurement Regulations” means, for purposes of paragraph 87 of the Appendix
to the Project General Conditions, the “World Bank Procurement Regulations for
IPF Borrowers”, dated July 2016, revised November 2020.
20. “Program Action Plan” means the Recipient’s plan dated August 21, 2023, and
referred to in Section I.C of Schedule 2 to this Agreement, as may be amended
from time to time with the agreement of the Association.
21. “Program General Conditions” means the “International Development Association
General Conditions for IDA Financing, Program-for-Results Financing”, dated
December 14, 2018 (Last revised on July 15, 2023).
22. “Program Expenditures” means an expenditure the payment for which meets the
requirements of Section 2.03 of the General Conditions, and which is incurred
under the following budget heads and is consequently eligible for financing out of
the proceeds of the Credit: main Program code to be created by the Recipient in
accordance with Section I.E.1.b of Schedule 2 to this Agreement, 3231, 3211,
3221, 3244, 3255, 3256, 3257, 3258, 3631, 4112, as the numbering of such
corresponding budget lines may be revised from time to time with the agreement
of the Association but without affecting the description of the Program.
23. “Program Implementation Committee” means the committee to be established
pursuant to Section I.A.4 of Schedule 2 to this Agreement and is the project
implementation committee for the purposes of the ‘Guideline on Formulation,
-29-
Processing, Approval and Revision of Development Projects in the Government
Sector’ dated June 2022 issued by the Planning Division, Ministry of Planning of
the Recipient.
24. “Program Steering Committee” means the committee to be established pursuant to
Section I.A.3 of Schedule 2 to this Agreement and is the project steering committee
for the purposes of the ‘Guideline on Formulation, Processing, Approval and
Revision of Development Projects in the Government Sector’ dated June 2022
issued by the Planning Division, Ministry of Planning of the Recipient.
25. “Project General Conditions” means the “International Development Association
General Conditions for IDA Financing, Investment Project Financing”, dated
December 14, 2018 (Last revised on July 15, 2023).
26. “SHED” means the Secondary and Higher Education Division, a division within
the MoE, or any successor thereto.
27. “Signature Date” means the later of the two dates on which the Recipient and the
Association signed this Agreement and such definition applies to all references to
“the date of the Financing Agreement” in the General Conditions.
28. “Training and Workshops” means the reasonable costs required for the
participation of personnel involved in training activities, workshops, seminars,
conferences and study tours under the Project, which have been approved by the
Association in writing on a bi-annual basis, including: (a) travel, hotel, and
subsistence costs associated to training, workshops, seminars, conferences and
study tours provided that such costs are paid directly to the eligible recipient using
the banking system; and (b) costs associated with rental of training and workshop
facilities; preparation and reproduction of training, workshop, seminar and
conference materials; and other costs directly related to preparation and
implementation of any training course, workshop, seminar, conference or study
tour; but excluding sitting allowances and honorarium of any nature.
29. “Verification Protocol” means the Recipient’s protocol set out in the Operations
Manual in the form acceptable to the Association, setting forth the means by which
the achievement of DLRs will be verified under the Program, as such Verification
Protocol may be amended from time to time with the prior written agreement of
the Association.
30. “Year” means any of the Years 1 through 5 of the Program implementation, as the
context shall determine.
31. “Year 1” means the first year of implementation of the Program activities, expected
to take place from the date of the Agreement to December 31, 2024, in order to
-30-
achieve the results shown in the table in the Annex to Schedule 2 to this
Agreement.
32. “Year 2” means the second year of implementation of the Program activities,
expected to take place from January 1, 2025, to December 31, 2025, in order to
achieve the results shown in the table in the Annex to Schedule 2 to this
Agreement.
33. “Year 3” means the third year of implementation of the Program activities,
expected to take place from January 1, 2026, to December 31, 2026, in order to
achieve the results shown in the table in the Annex to Schedule 2 to this
Agreement.
34. “Year 4” means the fourth year of implementation of the Program activities,
expected to take place from January 1, 2027, to December 31, 2027, in order to
achieve the results shown in the table in the Annex to Schedule 2 to this
Agreement.
35. “Year 5” means the fifth year of implementation of the Program activities,
expected to take place from January 1, 2028, to the Closing Date, in order to
achieve the results shown in the table in the Annex to Schedule 2 to this
Agreement.