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Corruption is a huge problem across the globe.One study examined the 145 countries that introduced institutional reforms with the support of the World Bank or other donor agencies from 1998 to 2008 .International development organizations spend $3 billion each year in Bangladesh, so knowing how much good each investment does is essential to prioritizing projects.Procurement is notoriously vulnerable to corruption.By 2011, four Bangladeshi agencies that represent about 10 percent of all public procurement had implemented e-procurement.Analyzing data from one of the four agencies that have implemented e-procurement reveals that prices have indeed gone down, typically by 11.9 percent. Total costs in the coming years are estimated at about $18 million.Given that the costs are paid once, but the benefits are annual, the total cost of $18 million should be compared to a total present value of all future benefits of at least $12 billion, with each dollar producing $663 of social benefits.
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