DHAKA: International Finance Corporation (IFC) – the private sector development wing of the World Bank Group recently arranged a two-day workshop where government, private sector, think tanks, and development partners shared their experience and key lessons on investment climate improvement efforts in Bangladesh.

The discussions touched priorities for business reforms and competitiveness, implementation challenges, and how public and private sector could work together to improve overall investment situation in Bangladesh.

Chairman of NBR, secretary of the Ministry of Law, representatives of the Prime Minister' Office, Board of Investment, commerce, Presidents of ICC and Dhaka Chamber, Executive Director of PRI, and World Bank Group and DFID officials were present at the event.

IFC, through its Bangladesh Investment Climate Fund (BICF), has been supporting the government for the last 8 years to introduce business reforms for better business climate.

Among the thirty notable changes that have infused impetus to policy and regulatory framework, the most prominent are: online registration of companies and investors, introduction of e-TIN, reform of VAT law, simplification of the procedures for land registration, development of special economic zones and others.

In initiating the positive developments, IFC works with 25 government and private sector bodies, a press release said on Tuesday (December 8).

BDST: 1228 HRS, DEC 08, 2015
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