The implementation rate of Bangladesh’s Revised Annual Development Programme (RADP), worth Tk 219,603 crore, has only reached 50.33% in the first 10 months of the current fiscal year. To achieve 100% implementation, authorities need to spend Tk 119,064 crore in the remaining two months, which appears impossible, according to the Implementation Monitoring and Evaluation Division (IMED) of the Planning Ministry. The slow pace of implementation can be attributed to the economic crisis caused by the COVID-19 pandemic, the Russia-Ukraine war, high inflation, and a shortage of the US dollar. As a result, the overall utilization of public funds has decreased, and the government has suspended low-priority projects to allocate resources to more productive sectors. Experts suggest a link between the government’s financial problems and the sluggish implementation, which can impact project quality. Many project managers are expressing concerns about the low implementation rate and inadequate allocation matching project needs.
Source for more details:
