Wednesday 12 August 2020 ,
Wednesday 12 August 2020 ,
Latest News
18 November, 2019 00:00 00 AM
Print

WB asks for strong systems to ensure financial accountability

STAFF REPORTER, Dhaka

World Bank (WB) yesterday said strong institutions and strong systems are the backbone of ensuring financial accountability of a government.

Stressing on the need of financial integrity in government spending, the WB said, such integrity would help the government to govern a country in a sustainable way.

The WB arranged the round table discussion titled “Promoting Accountability and Integrity in Government Spending” at a city hotel.

Shirin Sharmeen Chowdhury, Speaker of the National Parliament attended the inaugural session as the chief guest.

She talked about the important contribution financial accountability makes to countries’ efficient and effective use of public resources to support development.

She said several institutions of accountability can collaborate with each other and speak in one voice in strengthening financial accountability.

Speaking on the occasion, Dandan Chen, acting country director of WB said, financial accountability is the essential foundation for a country to achieve its development outcomes of reducing poverty and boosting shared prosperity.

“Translating limited public resources into development outcomes needs adequate allocative, technical, and managerial efficiency and effectiveness of public spending,” he said. He said the WB is proud to have a longstanding partnership with the Office of the Comptroller and Auditor General (OCAG), supporting various reforms to improve the institutional capacity.

“We particularly commend the office of Comptroller and Auditor General (OCAG) for initiating the compliance with International Standards for Supreme Audit Institutions (ISSAI) and we are currently working with the OCAG to provide necessary support to further mainstream this compliance with international standards in audit,” he said.

 

Comments

Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
01
02030405060708
09101112131415
16171819202122
23242526272829
3031
More Business stories
Bangladesh Railway losing Tk 4-5cr every day Bangladesh Railway is losing Tk 4-5 crore in revenue every day following the suspension of all train services across the country amid the coronavirus outbreak. On March 24, the government suspended all…

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting