In the context of Bangladesh, the World Bank is giving money to fight against Covid-19. The World Bank has approved a large financial assistance to increase electronic government procurement (e-GP) coverage. The amount of that money stands at 340 crores in Bangladeshi currency at the rate of 85 taka per dollar.
The World Bank headquarters in Washington approved this additional funding for the ongoing project. The project has been extended by one and a half years till 31 December 2023 to complete ongoing and new activities.
Through this financing, World Bank assistance now stands at 95 million. This information was given in a press release sent from the Dhaka office of the World Bank on Sunday.
In a press release, World Bank Country Director for Bangladesh and Bhutan Marcy Tembon said that E-GP has played an important role in continuing development work across the country even during the Covid-19 pandemic and public holidays. With e-GP, development work will not stop during any pandemic.
This will ensure 100% utilization of funds and ensure timely and quality government work and public service delivery in the country.
World Bank team leader Ishtiaq Siddique said in the release that digitization of government procurement was a game changer for both the public and private sectors. It has helped increase efficiency and transparency and made doing business easier.