Quarterly Economic Update - Bangladesh

Abstract

ADB will continue to support the Government’s implementation of its PSRB to promote good governance at the sector and the corporate levels. At the sector level, governance is to be improved by supporting measures that increase predictability (i.e., long-term planning, codification of rules and regulations, and independence of regulatory processes), transparency (i.e., systematic dissemination of relevant sector information, public hearings, and discussions on issues before they are decided), and accountability (i.e., a cause-effect structure of incentives). At the corporate level, governance is being enhanced through corporatization, independence of the boards of directors from the Government, introduction of a work-based pay structure, defined delegation of powers to staff, computerized management information systems, and commercialization of activities.