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Dhaka, Bangladesh, February 10, 2011—
IFC, a member of the World Bank Group, is assisting the Bangladesh government in designing a sustainable monitoring and evaluation system to track, monitor, and evaluate private sector development through a set of indicators instituted by the government.
The Bangladesh Investment Climate Fund, managed by IFC in partnership with the United Kingdom’s Department for International Development and the European Union, is working with the General Economics Division of Bangladesh’s Planning Commission to develop a monitoring and evaluation framework. The project is part of the government’s wider efforts—along with development partners including the World Bank—to develop a results framework to assess progress toward achieving the priorities identified in the country’s upcoming 6
th
Five Year Plan.
“Monitoring and evaluation is an important component of national strategy because it will help the government measure the quality of outputs and the impacts resulting from those outputs,” said A. K. Khandkar, Bangladesh’s Minister for Planning. “This initiative in collaboration with IFC will surely accelerate our agenda toward private sector–led economic growth.”
Laura Watson, Program Manager of the Bangladesh Investment Climate Fund, said, “Accurate and timely monitoring of progress toward meeting objectives for private sector development and its contribution to poverty reduction are important priorities for Bangladesh and for IFC.”
The Bangladesh Investment Climate Fund has been working with the government to develop staff capacity-building programs, including basic training on private sector development issues, monitoring and evaluation issues, regulatory improvements, and trade-barrier identification. Core groups of civil servants and business professionals across various ministries, government agencies, and business associations have received orientations through trainings, seminars, workshops, field visits, and study tours in Bangladesh and abroad.
About IFC
IFC, a member of the World Bank Group, is the largest development institution focused on the private sector in developing countries. We create opportunity for people to escape poverty and improve their lives—by providing financing to help businesses employ more people and provide essential services, mobilizing capital from others, and delivering advisory and risk-management services to ensure sustainable development. In a time of global economic uncertainty, our new investments climbed to a record $18 billion in fiscal 2010. For more information, visit
www.ifc.org
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