IDA's Borrowing Programs

9 INDUSTRY. INNOVATION AND INFRASTRUCTURE N 16 PEACE, JUSTICE AND STRONG INSTITUTIONS NSE World Bank For more information: https://projects.worldbank.org/en/projects- operations/project-detail/P160758?lang=zh 38 GOVERNANCE & INSTITUTIONS Bangladesh: Digitizing Implementation Monitoring and Public Procurement Project Development Challenge: Every year, the government of Bangladesh spends around $10 billion dollars on public procurement, a major part of its annual development program. In the past, no uniform regulatory framework for procurement existed, creating challenges: • • . • Inefficiencies and inappropriate use of funds reportedly cost the country over 1.5% of GDP growth a year. Outdated, lengthy, confusing and complex bureaucratic processes made public procurement cumbersome. Purpose: Improve public procurement performance and enhance capacity for implementation monitoring of development programs/projects. With support from IDA, Bangladesh introduced systematic changes to transform its public procurement environment, including a transformational electronic government procurement (e-GP) system. It has reduced contract processing time, increased competition, and enhanced transparency. Expected Results (include): 70% reduction in procurement lead time in the National Competitive Bidding process by using an electronic government procurement system Sustainable procurement policy and implementation roadmap developed 1,000 procurement professionalization/accreditation certificates issued IDA Financing: $55 million Closing: 2023 IDA International Development Association WORLD BANK GROUP

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