The implementation rate of the annual development programme in the first eight months of the current financial year 2024–25 improved slightly than the rate in the first seven months, but still the overall progress in the first eight months hits the lowest in a decade.
The Implementation, Monitoring and Evaluation Division gave the update in the past week.
The IMED under the planning ministry recorded 24.17 per cent overall progress in the July–February period compared with 21.52 per cent in the July–January period of the current FY24–25.
The previous lowest implementation rate of 31 per cent was recorded in the past financial year of FY23–24.
Of the overall implementation rate, the utilisation of the local fund in the ADP was recorded at 21.13 per cent while the utilisation of the foreign fund recorded at 27.47 per cent.
The IMED officials attributed the low implementation rate to the political upheaval centring the July-August student-mass uprising overthrowing the Awami League regime and subsequent assumption of power by the interim government. Â
They said that measures had already been taken to improve the implementation rate following the directive from chief adviser Muhammad Yunus.
Presiding over a meeting of the National Economic Council on March 3, the chief adviser underscored the need for improving the ADP implementation rate in the coming months.    Â
A decision came at the meeting to suspend fund allocations to those projects that had no updates.
The NEC meeting also decided to revise down the current ADP by Tk 49,000 crore to Tk 2.16 lakh crore from Tk 2.65 lakh crore, posting an 18.49-per cent cut.
The transport and communication sector got the highest allocation, 22.34 per cent, and the local government and rural development got the lowest allocation, 7.8 per cent, among the top five sectors under the revised ADP.
Planning ministry officials said that 313 out of 1,437 projects would be completed under the revised ADP under the current fiscal.
The revised ADP has 770 projects without any fund allocation.
