Five-year plan targets monitoring, evaluation
Star Business Report
The government yesterday formally unveiled the sixth five-year plan with focus on result-based monitoring and evaluation of performances against the targets.
The government aims to attain more than 7 percent growth of the economy a year and limit inflation within 7 percent during the execution period until fiscal 2015.
With the goal of ensuring inclusive economic growth, the document has set a target of bringing down poverty to 22 percent by fiscal 2015 from 31.5 percent at present and create ten million new jobs.
To monitor the results and performances of ministries and various priority sectors against targets set in the plan, yardsticks of evaluation have been included in the plan. The government approved the plan in June this year.
“The plan offers scope to evaluate its targets and achievements in the backdrop of changing reality,” said economist Wahiduddin Mahmud, chair of a 16-member panel of economists who suggested priorities in the framing of the plan.
Mahmud shared it at the ceremony organised to unveil the documents of the plan at the Planning Commission in Dhaka.
Finance Minister AMA Muhith and Planning Minister AK Khandker also spoke on the occasion.
In line with the plan, performances of various sectors and ministries will be measured on the basis of 25-30 yardsticks. General Economic Division of the Planning Commission will publish the monitoring reports based on these indices.
“It is not going to be left in the shelf,” said Prof Shamsul Alam, a member of the Planning Commission, citing the scope of result-based monitoring.
The document, which comes after a decade following donor-prescribed Poverty Reduction Strategy Paper to realise development goals, targets an investment of Tk 13.5 trillion in five years.
Of the total investment, 77.2 percent is expected from the private sector, while the rest from the public sector.
Setting strategies for 10 priority sectors, the plan stressed the need for achieving self-sufficiency in food, accelerating industrialisation for increased exports, address power and energy crunch and upgrade infrastructure.
It also emphasises developing human resources through education, focusing on planned urbanisation and improving people’s health and nutrition condition.
“One of the main goals of the plan is to eliminate regional disparity in income and distribute the benefit of growth to all,” said Planning Minister AK Khandker.
The plan, drafted on the basis of consultation with various stakeholders, focuses on expansion of the manufacturing sector to create new jobs.
Finance Minister AMA Muhith said the plan is different from the past plans that focused more on investment. “It is an indicative document,” he said.
The plan is also reviewable in line with the changes in the context of domestic and global economy, he said.