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Sweden signs five-year grant agreement with TIB

  • Staff Correspondent
  • 5 April, 2022 12:00 AM
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Sweden signs five-year grant agreement with TIB

A five-year grant agreement was signed on Monday between Sweden and Transparency International Bangladesh (TIB) aiming to strengthen the existing cooperation in preventing corruption. 

The signing ceremony was held at the Embassy of Sweden with the Head of Development Cooperation at the Embassy of Sweden in Dhaka, Christine Johansson and Executive Director of TIB, Dr. Iftekharuzzaman, as signatory parties, respectively.

Under the agreement, TIB will implement its core project “Participatory Action against Corruption: Towards Transparency and Accountability” (PACTA) during 2022-2026, said a press release.

Apart from this, TIB is supported by the Foreign, Commonwealth and Development Office (FCDO) of the UK and the Swiss Development Cooperation (SDC) of Switzerland in this project. Sweden will contribute 50 million Swedish Kronor (around 5,340,000 USD) for this project.

The project’s overall objectives are to contribute to curbing corruption as means of developing a more inclusive, equitable and non-discriminatory society consistent with Sustainable Development Goals (SDG).

The project will involve more people in the social movement against corruption grounded on data-driven community monitoring to identify governance deficiencies, promote transparent service delivery and facilitate social accountability.

Speaking at the event, Christine Johansson said, “Combating corruption is key central to achieving the 2030 Agenda for Sustainable Development and a key priority for the Swedish Government. It is with great pleasure that I today renew our longstanding partnership with TIB.”

TIB Executive Director Dr. Iftekharuzzaman said, “We are honoured and inspired to sign this 4th successive round of partnership agreement between the Embassy of Sweden and TIB with the shared objective of strengthening the social movement against corruption in Bangladesh in order to achieve higher standards of transparent and accountable governance for inclusive development, social change and justice.”