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Bangladesh: WB Working with Government to Revise Project Financing Deals
Publish Date : 14-Nov-2009
The World Bank (WB) has sent a letter to the Government this week and requested to temporarily put on hold the local procurements in the projects it finances in response to the amendments made to the Public Procurement Act (PRA) 2006, said a statement issued by the WB in Dhaka.
Clarifying the WB stand, the statement said: World Bank has not asked the Government to suspend procurement under the World Bank financed projects. The World Bank remains a strong development partner to Bangladesh.
It added: The World Bank had sent letters to all concerned Government counterparts and is working with the Government to revise existing project financing agreements between the Government of Bangladesh (GoB) and the World Bank. These revisions concern local procurements only. The revisions in the project financing agreements will only pertain to not using the above PPA amended provisions for Bank-financed projects.
Large infrastructure projects requiring International Competitive Bidding will not be affected. GoB may continue its local procurement under the World Bank-financed projects so long as the above mentioned provisions of PPA Amendments are not used, it noted.
