JOURNAL Financial Management Academy-FIMA

BRIEF HISTORY OF PROCUREMENT AND AN OVERVIEW OF THE PUBLIC PROCUREMENT SYSTEM IN BANGLADESH


Public Procurement is the process by which the government buys Goods, Works, and Services using public money. Different ministries, departments, authorities, and state-owned enterprises use a substantial amount of taxpayers’ money for public procurement. The government of Bangladesh took a comprehensive initiative to enhance the performance of public procurement as part of its efforts to strengthen the management of public resources.

 

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