The WB has approved the loan of $ 10 million to « help Bangladesh scale up its electronic government procurement system to meet higher demand for more effective and efficient use of public funds ».
WB lends more fund to support electronic public procurement: The World Bank (WB) has approved $10 million in additional financing to help Bangladesh scale up its electronic government procurement system to meet higher demand for more effective and efficient use of public funds, the bank said in a statement yesterday. This additional financing to the Public Procurement Reform Project II will help set up a new state-of-the-art data centre with 200 Terra-byte storage capacity and a mirror site to replace an existing lower capacity data centre to keep pace with an exponential growth in demand for electronic procurement from public procurement entities. With robust security features and 180 times more capacity, the new centre will offer storage for 8.6 million tenders and support about 325,000 registered bidders.