Document for $3.14m project signed by government, UNDP

A project document of "Knowledge for Development Management (K4DM): Phase II," an endeavor worth $3.14 million, was recently signed by the government of Bangladesh and the United Nations Development Programme (UNDP).

The signing ceremony took place at the Economic Relations Division (ERD) on 11 March, read a press release.

The project is expected to accelerate the capacity of the ERD – especially its ability to undertake evidence-based decisionmaking to effectively engage in the international arena for promoting national development interests.

It would also help the ERD mobilise the maximum amount of external economic resources through developing a comprehensive external resource mobilisation strategy that would explore alternative funding sources. This would help create more sustainable partnerships between government agencies and civil society.

For the $3.14 million project, the government of Bangladesh will contribute $0.09 million (approximately Tk76 lakh) and will receive assistance worth $3.05 million (approximately Tk25.91 crore).

Fatima Yasmin, secretary of the ERD; Dr Nahid Rashid, additional secretary and wing chief (UN) of the ERD; and Sudipto Mukerjee, resident representative of UNDP Bangladesh signed the document on behalf of their respective institutions.

The project is expected to play a significant role in accelerating: research, knowledge management development, human development, and external resource mobilisation. It would also play a crucial role in implementing the goals of the 8th Five Year Plan and help meet the Sustainable Development Goals.