The government's cabinet has been sent a draft law to create Bangladesh Public Procurement Authority (BPPA), which will regulate public purchases. The move is part of conditions set by lenders who have supported the creation of the country’s e-procurement system, e-GP. Features included online submission and evaluation of bids, approval, and award of contracts, reducing external influences, preserving documents and transactions online for audit purposes, validating bidders’ information, and online submission and tracking of complaints. Bangladesh has also drafted a sustainable public procurement policy system which it aims to implement by 2030, Mohiuddin added. Bangladesh spends an estimated $25bn on public procurement, according to the planning ministry.

Source: bd News24 March 16, 2023 06:04 UTC