The Planning Commission has issued guidelines on the revised annual development programme for the current fiscal year aimed at strict adherence to projects seeking enhanced resources. The latest regulations, issued past week also focused on the priority sectors in the economy to be considered favourably in the RADP. Original allocations from the slow performing projects included in the current ADP will be diverted to projects having good track records so far in their implementation stages, the guidelines said.
‘It is our strict message to all implementing agencies of the government that original allocations made in the ADP will be slashed against slow moving projects, and adjusted upwards against the projects which are progressing satisfactorily,’ planning commission member Bhuiyan Shafiqul Islam told New Age on Tuesday.
He said the PC was pursuing all ministries to ensure full implementation of the current Tk 86,000 crore ADP in the current fiscal year.
The PC sources said nearly 32 per cent of the allocation for the current ADP had been spent during the first half of the 2014-2015 fiscal year.
The guidelines said no allocation would be made against any unapproved projects, while priority would be given to ongoing development projects so far as revised ADP allocations were concerned.
However, unapproved projects included in the original ADP and their development project proposals, which were sent to the PC by December 31, would be considered for fresh allocation.
Projects linked to poverty reduction will get priority in receiving enhanced revised allocation, the guidelines maintained.
The guidelines said sectors such as agriculture, agro-based industry, power generation, ICT, projects under PPP initiatives, foreign-aided projects having a local resource component would get maximum resource concentration in the RADP.
Bhuiyan Shafiqul said the PC had recently held a series of inclusive meetings with slow progressing
ministries to increase the pace of their ADP implementation so that the development drive was not hindered.
-With New Age input
