Concept Project Information Document (PID) (English)

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Table of Contents

• The World Bank 1
• The World Bank 2
• BASIC INFORMATION 2
• A. Basic Project Data 2
• Proposed Development Objectives 2
• PROJECT FINANCING DATA US Millions 2
• Maximizing Finance for Development 2
• Is this an MFD-Enabling Project MFD-EP 2
• Is this project Private Capital Enabling PCE 2
• SUMMARY 2
• Total Operation Cost 250.00 2
• Total Financing 250.00 2
• Financing Gap 0.00 2
• DETAILS 2
• World Bank Group Financing 2
• The World Bank 3
• B. Introduction and Context 3
• 1. The Interim Government led by Nobel Laureate Dr. Muhammad Yunus assumed authority on August 8 2024 3
• 2. Real Gross Domestic Product GDP growth is estimated to have decelerated to 5.2 percent in FY24. 3
• 3. The Balance of Payment BoP deficit narrowed in FY24 led by a narrowing of the current account deficit. 3
• 4. Real GDP growth is projected to decline to 4.0 percent in FY25 but could range between 3.2 and 5.2 percent. 3
• The World Bank 4
• 5. Structural reforms are needed to accelerate growth over the medium term. 4
• 6. Bangladesh faces a high level of vulnerability to the effects of climate change. 4
• 7. Bangladeshs public sector capacity has weakened over the past decades. 4
• 8. Over the past two decades Bangladesh has made significant efforts in the modernization of its National 4
• Statistical System NSS but still faces challenges to fully leverage the potential of data for policymaking. 4
• 9. Bangladeshs revenue mobilization is extremely low and inadequate for its development financing needs. 4
• The World Bank 5
• 10. There are significant inefficiencies in public investment management PIM. 5
• 11. Strengthening public procurement will be central to improving public investment efficiency and effectiveness 5
• The World Bank 6
• 12. The Interim Government is emphasizing the strengthening of oversight and accountability of public sector 6
• 13. The proposed Project is fully aligned with the Country Partnership Framework CPF for FY 2023-27 currently under implementation. C. Proposed Development Objectives 6
• The project development objective 6
• D. Concept Description 6
• 15. The project will provide technical and financial support to five critical agencies to implement and institutionalize 6
• The World Bank 7
• Component 1 Data for Better Evidence-based Policy and Public Investments 7
• 16. This component complements the transparency reforms supported by the BEIR DPC through the adoption of 7
• Component 2 Domestic Revenue Mobilization for Sustainable Public Sector Financing 7
• 17. The Project will finance the design and implementation of business process reforms and relevant change 7
• Component 3 Expenditure Efficiency and Transparency for Accountable and Improved Service Delivery 7
• 18. This Project will strengthen institutional capacity for efficient and transparent project planning preparation 7
• 3.3.4 Strengthen Center of Excellences Financial Management Academy FIMA and Professionalization of the OCAG Personnel 7
• The World Bank 8
• Component 4 Project Management 8
• 20. A High-Level Oversight Committee co-chaired by the Ministry of Finance and Ministry of Planning will be 8
• Policies Triggered 8
• CONTACT POINT 8
• World Bank 8
• The World Bank 9
• BorrowerClientRecipient 9
• Government of the Peoples Republic of Bangladesh 9
• Implementing Agencies 9
• The World Bank 10
• BPPA 10
• Planning Division 10
• OCAG 10
• NBR 10
• Finance Division 10
• BBS 10
• FOR MORE INFORMATION CONTACT 10
• APPROVAL 10
• The World Bank 11
• Approved By 11