Bangladesh : Support to Good Governance Initiatives

Sovereign Project | 37017-012

There are two major objectives of the TA. Under Component A (Private Credit Markets Anti Corruption-Secured Financing Governance), the TA supports private credit markets anti-corruption through a triangle of sectoral governance initiatives for secured financing focused on (i) the development of an enabling legal and registry framework for use of movable property for enhanced access to credit; (ii) development of institutional governance based on governance audit indicators for secured financing institutions which use movable property collateral for providing credit under secured transactions; and (iii) regulatory governance for a new secured transactions registry based on governance audit indicators developed with the assistance of Bangladesh Bank. This triangle of governance initiatives will be underpinned through training and capacity building for the operation and use of the new enabling framework and to assist secured financing institutions to meet governance audit criteria.

Project Details

  • Project Officer
    Goswami, Arjun
    South Asia Department
    Request for information
  • Country/Economy
    Bangladesh
  • Sector
    • Finance
Project Name Support to Good Governance Initiatives
Project Number 37017-012
Country / Economy Bangladesh
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 4140-BAN: Support to Good Governance Initiatives
Technical Assistance Special Fund US$ 700,000.00
Governance Cooperation Fund US$ 250,000.00
TA 4140-BAN: Support to Good Governance Initiatives (Supplementary)
Technical Assistance Special Fund US$ 50,000.00
TA 4140-BAN: Support to Good Governance Initiatives (Supplementary)
Technical Assistance Special Fund US$ 100,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Partnerships
Sector / Subsector

Finance / Finance sector development

Gender No gender elements
Description There are two major objectives of the TA. Under Component A (Private Credit Markets Anti Corruption-Secured Financing Governance), the TA supports private credit markets anti-corruption through a triangle of sectoral governance initiatives for secured financing focused on (i) the development of an enabling legal and registry framework for use of movable property for enhanced access to credit; (ii) development of institutional governance based on governance audit indicators for secured financing institutions which use movable property collateral for providing credit under secured transactions; and (iii) regulatory governance for a new secured transactions registry based on governance audit indicators developed with the assistance of Bangladesh Bank. This triangle of governance initiatives will be underpinned through training and capacity building for the operation and use of the new enabling framework and to assist secured financing institutions to meet governance audit criteria. Under Component B (Public Sector Anti Corruption), the TA aims to bolster public sector anti corruption through a triangle of cross sectoral anti corruption initiatives focused on (i) enabling national framework for corruption prevention through establishment of the Independent Anti Corruption Commission (IACC) and a National Committee on Corruption Prevention; (ii) development of institutional corruption prevention in government line ministries through governance audits resulting in rules, regulations, legal amendments and mechanisms; and (iii) operationalization of the national framework for corruption prevention and line ministry corruption prevention through training and capacity building.
Project Rationale and Linkage to Country/Regional Strategy

tbd

Impact
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services

ADB will engage a firm of international consultants to provide consulting services for a total of 16 person months. Consultants' input will comprise 8 person months by international consultants and 8 person months by domestic consultants. The team comprises (i) Team Leader/Governance Audit Expert, (international, 4 person months); (ii) Deputy Team Leader/Forensic Accounting Expert (international, 4 person months); (iii) Administrative Review & Legal Expert (domestic, 2 person months); (iv) Accounting Expert (domestic, 2 person months); and (v) Training Expert (domestic, 4 person months). In addition, given the need for lead time and specialist skills involved for enabling framework support for Part A and Part B of the TA, ADB will engage the services of individual consultants for a total of 12 person months, consisting of: (i) a Secured Transactions Legal Expert (international, 4 person months) for Part A of the TA; (ii) Secured Transactions Registry Systems Expert (international, 4 person months)for Part A of the TA; and (iii) an Anti Corruption Legal Expert (international, 4 person months) for Part B of the TA. Such individual consultants will be expected to work as part of a team with consultants from the firm of international consultants led by the Team Leader.

The Team of consultants will be selected and engaged according to ADB's Guidelines on the Use of Consultants, and other arrangements satisfactory to ADB on the engagement of domestic consultants. In this TA, the simplified technical proposal (STP) procedure will be used in selecting consultants.

Procurement All procurement of equipment will be undertaken in accordance with ADB's Guidelines for Procurement.
Responsible ADB Officer Goswami, Arjun
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
Ministry of Finance
Timetable
Concept Clearance 02 May 2003
Fact Finding 06 Mar 2003 to 18 Mar 2003
MRM -
Approval 04 Jul 2003
Last Review Mission -
PDS Creation Date 08 Nov 2007
Last PDS Update 01 Jun 2007

TA 4140-BAN

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
04 Jul 2003 06 Nov 2003 06 Nov 2003 31 May 2004 31 Dec 2006 27 Oct 2008
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
850,000.00 250,000.00 0.00 0.00 0.00 0.00 1,100,000.00 17 Jun 2022 857,545.16

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Title Document Type Document Date
Supporting Good Governance Initiatives TA Completion Reports Oct 2008
Supporting Good Governance Initiatives: Proposed Change in Scope and Increase in Technical Assistance Amount Technical Assistance Reports Dec 2004
Supporting Good Governance Initiatives Technical Assistance Reports Jul 2003

Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.


Evaluation Documents See also: Independent Evaluation

None currently available.


Related Publications

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The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.

Tenders

No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.