The US State Department’s 2025 Fiscal Transparency Report says Bangladesh’s interim government has moved to make all natural resource extraction procurements fully open and transparent, suspending direct negotiations led by the previous administration.
The report noted that the government has set clear rules for awarding extraction contracts and licences and provided limited information on procurement. However, the country’s supreme audit institution failed to meet international independence standards and did not fully review accounts due to the change in government.
To improve fiscal transparency, the US recommended Bangladesh publish timely end-of-year reports, prepare budgets in line with global standards, provide a complete picture of revenues and expenditures, and strengthen the audit institution’s independence.
The State Department emphasized that fiscal transparency builds accountability, market confidence, and fair competition for US firms.
