The government has suspended the approval of development projects by ministerial Departmental Development Working Parties (DDWPs) to meet the conditions set by the International Monetary Fund (IMF), The News reported, citing official sources.
The DDWPs were previously authorised to approve projects worth up to Rs1.5 billion, a ceiling earlier reduced from Rs2 billion.
Projects exceeding Rs7.5 billion are referred to the Executive Committee of the National Economic Council (Ecnec), while those up to Rs7.5 billion fall under the Central Development Working Party (CDWP).
The IMF recommended the moratorium after observing that ministries and their principal accounting officers were approving projects at the DDWP level without adequate scrutiny or evaluation.
In line with the IMF programme, the Ministry of Planning has instructed all ministries to suspend DDWP-level approvals. All project proposals must now be submitted to the Planning Commission’s CDWP for evaluation and clearance.
Discover more from Brackly News
Subscribe to get the latest posts sent to your email.
