Bangladesh: Public Procurement Reform Project

WASHINGTON, July 5, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

 

IDA CREDIT: US$23.6 million

TERMS: Grace = 10 years; Maturity = 40 years.

PROJECT DESCRIPTION: The project aims to support procurement reforms by improving procurement quality through better management and monitoring. It aims to strengthen procurement management at sectoral level, create a sustained program of developing skilled procurement professionals, and will introduce electronic government procurement in target agencies and the Central Procurement Technical Unit on a pilot basis. It is also designed to create greater awareness of a well functioning public procurement system by engaging civil society, think tanks, and the private sector.

 

For more information, please call Erik Nora at (202) 458 4735 or email:

enora@worldbank.org