Dhaka, May 26 -- Finance Adviser Dr Salehuddin Ahmed on Monday said a massive investment had been made in development projects over the years but the rate of return is very low due to the misuse of money.

"Internal rate of return (IRR), net project value (NPV), and some other calculations were there while taking up the development projects. But ultimately, those are numbers only. Their reflections in the real field are absent," he said while speaking at a seminar of the New Development Bank (NDB) in the capital.

He was speaking as the chief guest at the inaugural session of the seminar titled "Transforming Development: Building a Culture of Accountability through Evaluation, Auditing, and Ethics". This was the first gathering organised ...