By 2027, all government project appraisal documents will be required to be made public. Public procurement system will be required to use electronic government procurement (e-GP), disclose of beneficiary ownership, and remove price caps to foster competition and reduce corruption risks.
To improve financial accountability and transparency in the public sector, the Office of the Comptroller and Auditor General’s auditing capacity will be strengthened.
The independence of the Bangladesh Bureau of Statistics will improve data transparency, leading to better service delivery for citizens.
Finally, cash transfer programs for the poor and vulnerable will be made more effective with the operationalisation of a dynamic social registry.
World Bank Interim Country Director for Bangladesh Gayle Martin said that Improvements in how public finances are managed are important for Bangladesh’s economy to grow sustainably.
“The government is taking ambitious steps to make its institutions more open and answerable, so they can serve the people better,” he said.
He mentioned that this financing will support the government’s efforts to strengthen its policies and regulatory framework to build a stronger, more inclusive economy that benefits everyone.