Dhaka, 12 January 2012: The UNDAF Action Plan 2012-2016, the country’s first common operational plan of the UN System, was signed and endorsed by the Economic Relations Division (ERD), Ministry of Finance and the UN Country Team on 12 January 2012. Mr. Iqbal Mahmud, Secretary, ERD, signed the UNDAF Action Plan on behalf of the Government of Bangladesh and Mr. Neal Walker, UN Resident Coordinator in Bangladesh, signed on behalf of the UN System. This operational plan builds on the United Nations Development Framework 2012-2016 signed on 1 June 2011, that represents UN System’s collective response to national development priorities in Bangladesh. This will serve as planning and monitoring tool, and accountability framework setting out the specific actions of the UN System Agencies including key partnerships and collaborative actions. The UN System estimates nearly USD 1.8 billion resources to deliver 56 outputs and 12 outcomes under the Action Plan.