Home Completed Projects Social Investment Program Project (SIPP-II)

Social Investment Program Project (SIPP-II)

 

Project Overview

Duration: 5 years

Budget: 115.00 million USD

Period: August 2012 to June 2016

Funding: The World Bank and the Government of Bangladesh (GoB)

Client & Country of Assignment: Financial Institutions Division, Ministry of Finance, Bangladesh.

Role on Assignment: Lead Implementer on behalf of the Financial Institutions Division, Ministry of Finance, Bangladesh.

Project Cover
Captured onthe sight of Social Investment Program Project (SIPP-II) project.

The Social Investment Program Project (SIPP-II), implemented by the Social Development Foundation (SDF) under the Financial Institutions Division of the Ministry of Finance, was a transformative five-year initiative focused on reducing poverty and improving social development in some of the most vulnerable rural areas of Bangladesh. The project ran from August 2012 to June 2016, with a total budget of USD 115 million funded by the World Bank and the Government of Bangladesh. 

SIPP-II targeted 1,800 villages across 9 districts, employing a community-driven development approach to empower communities. The project aimed to strengthen village institutions, enhance income-generating opportunities, and improve access to essential infrastructure and social services, contributing to the long-term well-being of rural households. It emphasized financial support and capacity-building initiatives, encouraging inclusive participation at the community level, with a specific focus on empowering marginalized and vulnerable groups, particularly women.

Achievements

Community Empowerment
SIPP-II facilitated the establishment and operation of village institutions, with 75% of these organizations functioning with increased transparency, inclusivity, and accountability. This led to more sustainable and effective governance structures at the community level.
Income Generation
The project achieved a 50% increase in income for half of the targeted households by promoting income-generating activities (IGAs) and improving access to microfinance services.
Infrastructure Improvement
Approximately 80% of households benefited from enhanced community services, including better roads, water and sanitation facilities, and improved access to education and health services, which significantly contributed to improved living conditions.
Reduction in Indebtedness
A standout achievement of SIPP-II was the substantial reduction in indebtedness among rural poor households, with 70% of the targeted households experiencing a significant decrease in debt.
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