The planning ministry has identified severe inefficieniesy in implementation of annual development programme (ADP) by the Banking Division of the Finance Ministry in 2011-12 fiscal and asked the authorities concerned to accelerate the execution process as much as possible by the end of the outgoing fiscal.

In a letter sent to Banking Division Secretary Safiqur Rahman Patwary on June 13, the Implementation, Monitoring and Evaluation Division (IMED) of the Planning Ministry also advised the concerned ministry’s head to cancel the holidays of all concerned officials and employees in order to achieve higher progress in ADP implementation.

The Planning Ministry letter reads that utilisation of ADP allocation for the Banking Division in the current FY is only 19 percent till May 2012. This is 51 percent less than the national ADP implementation rate of 70 percent. “If needed, please interfere in person and cancel weekly holidays of concerned officials in order to achieve 100 percent progress in the ADP spending,” IMED Secretary Md Mozammel Hoque Khan has asked the Banking Division secretary.

The ADP allocation for the Banking Division in FY 2011-12 was Tk. 1758 million for five projects including Central Bank Strengthening Project (CBSP) and Improvement of Capital Market Governance (ICMG) Project.

The CBSP project was funded by World Bank while the Asian Development Bank provided fund for the ICMG project.

The IMED letter mentioned that the achievement in ADP implementation by the Banking Division was 48 percent in FY 2010-11.

In the letter, the IMED secretary said the low progress in ADP spending might affect the government’s fiscal achievements.

The country’s ADP implementation in FY 2010-11, FY 2009-10 and FY 2008-09 were 92 percent, 91 percent and 86 percent respectively, the letter reads.

The Daily Sun/Bangladesh/ 23th June 2012