The Asian Development Bank (ADB) will soon start the assessment of procurement risks as it is finalising the next country partnership strategy (CPS) for Bangladesh for 2016-2020 period, officials said.
The lender has recently sought permission from Economic Relations Division (ERD) for fielding a mission during July-August period as its governance framework requires risk assessment before finalising the CPS.
"ADB's governance framework requires that country and sector/agency procurement risks be assessed during the preparation of CPS and mitigated at the project level as part of project preparation," ADB country director in Bangladesh Kazuhiko Higuchi said in a recent letter.