Wednesday, 10 August, 2022

Strengthening Social Security

EU provides €2m

  • Diplomatic Correspondent
  • 29 July, 2022 12:00 AM
  • Print news

The European Union (EU) has provided €€2 million to the Government of Bangladesh to strengthen key areas of its social security system with a specific focus on strengthening institutional set-up.

The fund also aims to improvement of overall Monitoring and Evaluation Framework of the social security services, introduction of a nutrition sensitive child benefit programme and having an improved social security framework for workers.

The European Consensus for Development enshrines the commitment from both EU and its Member States to promote “adequate and sustainable social protection,” said a press release of the EU Embassy in Dhaka on Thursday.

With the proactive political commitment of the Government of Bangladesh (GoB) to achieve the Sustainable Development Goals (SDGs) in order to ‘leave no-one behind’, the EU has been a committed development and humanitarian partner to Bangladesh since 1973.

The EU supports the Government of Bangladesh to implement its national social security reform agenda with the ultimate aim to streamline social protection services and to reach out to vulnerable communities, with a special emphasis on the Child Benefit Programme and workers at risk in the export-oriented sector and as such to contribute to Bangladesh’s overall development goals. A €247 million budget support programme is in place since 2019 to support the reform activities of the NSSS.

Budget support is a means of delivering effective aid and durable results for achieving the Sustainable Development Goals (SDGs). Budget support is directly linked to reforms and developmental results.

This ensures development of effective systems to collect information on results, to monitor progress, and evaluate impact, based on which the sectoral reform process in funded.