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Enhancing ADP implementation PDF Print E-mail
Saturday, 02 February 2008

As the anti-corruption crusade has eaten away into business confidence, investment levels have hit rock bottom, meaning that there has been little employment generation during the last one year. To make matters worse, the country was hit by a string of natural disasters that the current regime have not been able to cope with. During this time, the central bank was asked to pursue a tight monetary policy to contain inflation, which has crossed the double-digit mark and broken all records. Although economists and a section of the citizens repeatedly recommended that the central bank should pursue expansionary monetary policy, the incumbents continued to follow prescriptions of the foreign lenders. Only recently has the Bangladesh Bank given indications that it will be adopting a more expansionary policy to induce investment and infuse some dynamism in the domestic economy which appears to have become stagnant. Coupled with the high inflation it only means that the people have fewer jobs or have lost their jobs while they have to spend much more than before on essential food items. In this situation, the government could have stepped up its efforts to infuse dynamism into the economy by expediting implementation of the annual development programme, which is worth Tk 26,500 crore and could have gone a long way to provide for a number of people who are desperately looking for work. But according to reports, the military-controlled interim government has failed to match the implementation rate of even its predecessors. According to official reports, only a fifth of the development programmes have been implemented and that too is an exaggeration. Apparently, the current process of implementing the programmes has become rather complex and bureaucratic which is naturally one of the main reasons that have slowed down the process of ADP implementation. However, given that a number of former bureaucrats are currently members of the council of advisers along with a few retired military officers and since the entire administration is heavily influenced by the military itself, it was expected that at least this year, the development programme would be implemented to the full and in a disciplined manner. That the incumbents, promising to deliver good governance, have failed to expedite implementation of the development programmes in a year when it was needed most reflects the government’s incompetence. We expect that the incumbents would take necessary measures to step up its efforts in such a fashion that the entire development programme as planned at the beginning of the financial year is implemented by the end of this fiscal.

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