Question

“The government should also consider an unconditional cash transfer program for an initial
period of three months at a rate of $95 per month, which corresponds to the minimum wage for
the formal sector in Bangladesh. This would cost the government roughly $14 billion, or 4% of
GDP. While this sort of cash transfer program always suffers from targeting issues, Bangladesh
enjoys a highly sophisticated mobile financial services network, which could improve the cover
of the program. A concerted effort involving the non-governmental organizations working in the
informal sector, mobile financial service providers, and the government could be developed to
deliver this urgently needed social assistance.

Question: Which type of environment under institutions is the above extract referring to? Explain.

Answer 1