Belt and Road Initiative & Bangladesh
CENTRE FOR
9.5 Governance issues
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Lack of open, transparent and competitive procurement process
can lead to poor performance of projects in terms of missing
timeline, cost overrun, and low quality services.
Implementation of the BRI has been associated with concerns
regarding governance, which are voiced internationally.
Due to lack of transparency, financial risks and benefits of
projects cannot be evaluates, corruption cannot be curtailed and
environmental and social sustainability cannot be ensured.
The Corruption Perception Index (CPI) score of the World Bank
indicates that the perceived corruption in Belt and Road corridor
economies is higher than the global average and higher among
lower middle and low income countries.
Increased transparency in procurement process and other
compliances can benefit BRI projects in terms of co-financing by
other financial sources including the multilateral development
agencies.
POLICY DIALOGUE
Belt and Road Initiative & Bangladesh
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