, June 14 -- The World Bank's Board of Executive Directors has approved $250 million financing to strengthen public sector performance in Bangladesh by promoting transparency, accountability, and efficiency across key government agencies.

The Strengthening Institutions for Transparency and Accountability (SITA) Project will support ongoing reforms to modernise vital public sector functions including data transparency, domestic revenue mobilization, public investment management, procurement, and financial oversight, the World Bank said in a statement.

The project will enhance governance structures and capacities in five major agencies: Bangladesh Bureau of Statistics, National Board of Revenue, Planning Division, Bangladesh Public Procur...