About Scheme(Scheme on Strengthening of State-owned Enterprises’ Governance)

Scheme at a Glance

Name of the scheme	Scheme on Strengthening of State-owned Enterprises’ Governance
Component: 9	State-owned Enterprises' (SOE) Governance
Administrative Ministry/Division	Finance Division, Ministry of Finance
Implementation Department/Agency	Monitoring Cell, Finance Division
Name of the PIT Head	Director General, Monitoring Cell, Finance Division
Name of the PEC	Md. Tajul Islam (Deputy Secretary)
Total cost of the scheme	BDT 7630.21 lac (USD 9.08 million)
Implementation period	December 1, 2019 to June 30, 2026
Associated Activities	Activity 45-49 (PFM Action Plan 2024-2028)
DLI	DLI 6: SOE and autonomous bodies’ debt and contingent liabilities statement prepared and submitted to appropriate authority DLI7: To strengthen the oversight and performance monitoring of SOEs; and which will ultimately improve performance, reporting, and public disclosure of the SOEs/ABs

 

 

 

 

 

Objective of the Scheme

• To improve understanding of appropriate authority about SOEs’ debt and their contingent liabilities to ensure transparency, better managed and closely supervised SOEs;
• To strengthen the oversight and performance monitoring of SOEs; and which will ultimately improve performance, reporting, and public disclosure of the SOEs/ABs

 

DLRs under DLI 6

DLR 6.1:
Policy and procedures to regulate SOEs’ Debt and contingent liabilities (including an upgraded framework for reporting by SOEs to the FD) have been drafted and issued by MoF.

DLR 6.2:
100 SOEs and autonomous bodies have published their audited financial statements (covering the relevant Fiscal Year for which the DLR is being assessed)

DLR 6.3:
SOE debt and contingent liabilities statement (covering the relevant Fiscal Year for which the DLR is being assessed) has been prepared by MoF for 100 SOEs and submitted to appropriate authority

DLR 6.4:
An integrated database developed for SOEs/ABs with financial and non-financial information and interfaced through API (Application Programming Interface) with iBAS++ with piloting of at least 2 SOEs and ABs

DLRs under DLI 7

DLR 7.1:
SOE performance evaluation guidelines have been developed by the FD, with clear scoring criteria.

DLR 7.2:
A policy and procedures manual for property, plant, equipment and other assets that enables to ensure the quality of management and accounting procedure of SOEs and ABs, has been drafted and issued by FD

DLR 7.3:
At least 10 SOEs have undergone an independent performance evaluation, in accordance with the SOE performance evaluation guidelines developed under
DLR 7.1

DLR 7.4:
Performance Improvement Strategies have been developed for underperforming SOEs/ABs based on the performance evaluations mentioned in DLR 7.3