The Government initiative for strengthening Bangladesh Bank (BB) to enable it to play its due role as the country's monetary authority and bank regulator and supervisor is moving ahead. The World Bank is supporting the Government initiative through Central Bank Strengthening Project (CBSP).
A World Bank team supporting the CBSP recently had fruitful discussions with the Government on the achievements of the project as well as areas where improvements are needed.
The IT Automation Component of CBSP has made significant progress since the World Bank team in its previous visit made a strong push on the training of 2200 Bangladesh Bank staff. All the automation packages are at various stages of procurement and three automation projects have recently been awarded.
Despite the earlier delay in the project, now Bangladesh Bank management has demonstrated serious commitment to its successful completion. Bangladesh Bank has also resolved the issues related to procurement of automation packages.
Bangladesh Bank has made significant progress in the area of accounting and audit and is now preparing to formally launch the Enterprise Resource Planning (ERP). ERP contract was awarded in February to Indra Sistemas. Bangladesh Bank has also recruited a new General Manager for the Accounts & Budgeting department who will head the ERP implementation team. A new ERP implementation team has been formed by merging the three departments, namely Accounts & Budgeting, HR and Purchasing. The ERP implementation team members received training in Thailand in May 2009.
As far as the proposed project restructuring is concerned, Bangladesh Bank has submitted to the World Bank a proposal to restructure the project in order to reallocate project resources in line with Bangladesh Bank’s renewed Reform Agenda. Given that the Government has appointed a new Governor for the Bangladesh Bank who has expressed his strong support for the project, the World Bank has agreed to take immediate steps to restructure the project.
A World Bank team supporting the CBSP recently had fruitful discussions with the Government on the achievements of the project as well as areas where improvements are needed.
The IT Automation Component of CBSP has made significant progress since the World Bank team in its previous visit made a strong push on the training of 2200 Bangladesh Bank staff. All the automation packages are at various stages of procurement and three automation projects have recently been awarded.
Despite the earlier delay in the project, now Bangladesh Bank management has demonstrated serious commitment to its successful completion. Bangladesh Bank has also resolved the issues related to procurement of automation packages.
Bangladesh Bank has made significant progress in the area of accounting and audit and is now preparing to formally launch the Enterprise Resource Planning (ERP). ERP contract was awarded in February to Indra Sistemas. Bangladesh Bank has also recruited a new General Manager for the Accounts & Budgeting department who will head the ERP implementation team. A new ERP implementation team has been formed by merging the three departments, namely Accounts & Budgeting, HR and Purchasing. The ERP implementation team members received training in Thailand in May 2009.
As far as the proposed project restructuring is concerned, Bangladesh Bank has submitted to the World Bank a proposal to restructure the project in order to reallocate project resources in line with Bangladesh Bank’s renewed Reform Agenda. Given that the Government has appointed a new Governor for the Bangladesh Bank who has expressed his strong support for the project, the World Bank has agreed to take immediate steps to restructure the project.
No comments:
Post a Comment