ERD, WB stress timely approval of projects
A joint technical portfolio review between the Economic Relations Division (ERD) and the World Bank (WB) emphasised timely approval of projects by Ecnec to avoid their implementation delays.
The joint review meeting was held on July 27 and 28 on 30 WB-assisted projects, including one Trust Fund as well as FY-12 pipeline projects.
Currently, 11 on going projects are facing DPP (Development Project Proposal) and TPP (Technical Project Proposal) issues, and several of them even after their start-up.
The review meeting, while discussing project specific issues, particularly focused on problem projects, slow-moving operations and operations closing in the next 12 months, said an official at the ERD.
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