Bangladesh : Support to Good Governance Initiatives
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
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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 |
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Project Status | Closed | ||||||||||||||
Project Type / Modality of Assistance | Technical Assistance |
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Source of Funding / Amount |
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Strategic Agendas | Inclusive economic growth |
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Drivers of Change | Governance and capacity development Partnerships |
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Sector / Subsector | Finance / Finance sector development |
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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 |
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Impact |
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Description of Outcome | |
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Status of Implementation Progress (Outputs, Activities, and Issues) | |
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Summary of Environmental and Social Aspects | |
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Environmental Aspects | |
Involuntary Resettlement | |
Indigenous Peoples | |
Stakeholder Communication, Participation, and Consultation | |
During Project Design | |
During Project Implementation |
Business Opportunities | |
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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 | |
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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 | |||||
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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 | |||||||
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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 |
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Title | Document Type | Document Date |
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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 |
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