Friday, December 18, 2015

‘Business reform required for improving investment climate’

Discussants at a workshop have underscored the need for business reforms and a united role of the private sector to improve overall inve... thumbnail 1 summary


Discussants at a workshop have underscored the need for business reforms and a united role of the private sector to improve overall investment situation in Bangladesh.
The two-day workshop was organised recently in Sylhet by the Bangladesh International Finance Corporation (BIFC) and Bangladesh part of World Bank’s private sector development.
At the workshop, government officials, private sector representatives, think tanks, and development partners shared their experience and key lessons on investment climate improvement efforts in Bangladesh.
Chairman of the National Board of Revenue (NBR), secretary of the law ministry, representatives of the Prime Minister's Office (PMO), presidents of International Chamber of Commerce (ICC) and Dhaka Chamber of Commerce and Industry (DCCI), and World Bank officials were present at the event.
IFC, through its BICF, has been supporting the government for the last eight years to introduce business reforms for better business climate in Bangladesh.
Among the thirty notable changes that have infused impetus to policy and regulatory framework, the most prominent include online registration of companies and investors, introduction of e-TIN, reform of VAT law, simplification of the procedures for land registration and development of special economic zones.
In initiating the positive developments, the IFC works with 25 government and private sector bodies in Bangladesh.
Prothom Alo

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