Electronic govt procurement system
World Bank to provide $55m
BSS
Bangladesh and World Bank (WB) yesterday struck a deal for digitising monitoring of the countrys annual development programs and improving public procurement performance, reports BSS.
The US $55 million Digitising Implementation Monitoring and Public Procurement Project (DIMAPPP) will help Bangladesh to expand electronic government procurement (e-GP) to all public sector organisations.
It will also help improving the capacity to monitor implementation of development projects and programs using digital technology, said a WB press release.
Economic Relations Division (ERD) Secretary Kazi Shofiqul Azam and WB Country Director for Bangladesh, Bhutan and Nepal Qimiao Fan sign the deal at ERD.
This project is a testament to the governments commitment to expand digitisation to all public procuring entities as well as to monitor development programs and projects, said Qimiao Fan.
In Bangladesh, annual expenditure on public procurement amounts to over US $7 billion in recent years, representing 70 per cent of the annual development program.
Since 2002, the WB has been helping Bangladesh improve its public procurement system, and in 2011, the WB supported the rollout of e-GP in four key procuring entities.
Currently, about 35 per cent of the annual development budget is executed using the e-GP platform. This has helped improve efficiency of public spending, and reduced procurement delays.
