Program Performance Audit Report

ASIAN DEVELOPMENT BANK PPA: BAN 23441 PROGRAM PERFORMANCE AUDIT REPORT ON THE SECOND INDUSTRIAL PROGRAM (Loan 1147-BAN[SF]) IN BANGLADESH July 2000 CURRENCY EQUIVALENTS Currency Unit – Taka (Tk) At Appraisal At Program Completion At Operations Evaluation (November 1991) (April 1994) (March 2000) Tk1.00 = $0.027 $0.025 $0.020 $1.Tk37.64 Tk40.13 Tk51.00 ABBREVIATIONS ADB – Asian Development Bank BFIDC – Bangladesh Forest Industries Development Corporation BTMC – ladesh Textile Mills Corporation EA – executing agency GDP – gross domestic product ICIR – Interministerial Committee on Industrial Reforms ICP – Interministermittee on Privatization MOI – Ministry of Industries PCR – project completion report PME – public manufacturing enterprise PPAR – program performance audit report SDR – special drawing right TA – technical assistance NOTES (i) The fiscal year (FY) of the Government ends on 30 June. (ii) In this report, “$” refers to US dollars. Operations Evaluation Office, PE-546 CONTENTS Page BASIC DATA ii EXECUTIVE SUMMARY iii I. BACKGROUND 1 A. Rationale 1 B.Formulation C. Objectives and Scope at Appraisal 2 D. Financing Arrangements 2 E.Program Completion Report F. Evaluation 3 II. IMPLEMENTATION PERFORMANCE 3 A. Policy Reforms and Institutional Development 3 B. Procurement and ...