Back in Business to Create Jobs : The Doing Business Reform Agenda

Bangladesh slipped one place to 177 in the Doing Business rankings for 2018. This is the second lowest among South Asian economies (Afghanistan is at 183). The country’s dismal performance on the doing business indicators is attributable to the abs...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	BUSINESS ENVIRONMENT REGULATION TAXATION ENTERPRISE DEVELOPMENT INVESTMENT CLIMATE G2B SERVICE DELIVERY LEGAL FRAMEWORK PUBLIC SECTOR REFORM PUBLIC-PRIVATE PARTNERSHIPS
Online Access:	http://documents.worldbank.org/curated/en/204301537424771443/Bangladesh-Policy-Notes-Back-in-Business-to-Create-Jobs http://hdl.handle.net/10986/30554

id	okr-10986-30554
recordtype	oai_dc
spelling	okr-10986-305542021-05-25T09:18:55Z Back in Business to Create Jobs : The Doing Business Reform Agenda World Bank BUSINESS ENVIRONMENT REGULATION TAXATION ENTERPRISE DEVELOPMENT INVESTMENT CLIMATE G2B SERVICE DELIVERY LEGAL FRAMEWORK PUBLIC SECTOR REFORM PUBLIC-PRIVATE PARTNERSHIPS Bangladesh slipped one place to 177 in the Doing Business rankings for 2018. This is the second lowest among South Asian economies (Afghanistan is at 183). The country’s dismal performance on the doing business indicators is attributable to the absence of meaningful reforms in Bangladesh. The overall Distance to Frontier (DTF) score of 40.99 in DB 2018 is virtually unchanged from the 40.84 in DB 2017. The trend in DTF indicates that Bangladesh is narrowing its gap with the global regulatory frontier, but the pace, size and quality of improvement remains slow and insufficient. The Doing Business project also recorded two negative reforms in the past two editions of the report, one relating to business start-up and the other to paying taxes. In late 2016 the government set a goal of attaining a double-digit rank on the DB indicators by 2021, requiring targeted and systematic reforms. Bangladesh has taken some initiatives in the past 12 months, including commissioning a DB Reform Memorandum outlining key reform opportunities, and preparing a detailed reform action plan for eight indicators. The Bangladesh Investment Development Authority (BIDA), under the Prime Minister’s Office, has also recently created an inter-ministerial task force that will focus on concrete and measurable actions aimed at improving the business environment in the country. As the DB rankings tend to reflect the overall business environment, improving the ranking is likely to give potential private investors a more positive image of Bangladesh’s business environment as well as foster private sector growth through SME development at the local level. 2018-10-11T18:41:01Z 2018-10-11T18:41:01Z 2018-09-19 Report http://documents.worldbank.org/curated/en/204301537424771443/Bangladesh-Policy-Notes-Back-in-Business-to-Create-Jobs http://hdl.handle.net/10986/30554 English Bangladesh Policy Notes; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Policy Notes Economic & Sector Work South Asia Bangladesh
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	BUSINESS ENVIRONMENT REGULATION TAXATION ENTERPRISE DEVELOPMENT INVESTMENT CLIMATE G2B SERVICE DELIVERY LEGAL FRAMEWORK PUBLIC SECTOR REFORM PUBLIC-PRIVATE PARTNERSHIPS
spellingShingle	BUSINESS ENVIRONMENT REGULATION TAXATION ENTERPRISE DEVELOPMENT INVESTMENT CLIMATE G2B SERVICE DELIVERY LEGAL FRAMEWORK PUBLIC SECTOR REFORM PUBLIC-PRIVATE PARTNERSHIPS World Bank Back in Business to Create Jobs : The Doing Business Reform Agenda
geographic_facet	South Asia Bangladesh
relation	Bangladesh Policy Notes;
description	Bangladesh slipped one place to 177 in the Doing Business rankings for 2018. This is the second lowest among South Asian economies (Afghanistan is at 183). The country’s dismal performance on the doing business indicators is attributable to the absence of meaningful reforms in Bangladesh. The overall Distance to Frontier (DTF) score of 40.99 in DB 2018 is virtually unchanged from the 40.84 in DB 2017. The trend in DTF indicates that Bangladesh is narrowing its gap with the global regulatory frontier, but the pace, size and quality of improvement remains slow and insufficient. The Doing Business project also recorded two negative reforms in the past two editions of the report, one relating to business start-up and the other to paying taxes. In late 2016 the government set a goal of attaining a double-digit rank on the DB indicators by 2021, requiring targeted and systematic reforms. Bangladesh has taken some initiatives in the past 12 months, including commissioning a DB Reform Memorandum outlining key reform opportunities, and preparing a detailed reform action plan for eight indicators. The Bangladesh Investment Development Authority (BIDA), under the Prime Minister’s Office, has also recently created an inter-ministerial task force that will focus on concrete and measurable actions aimed at improving the business environment in the country. As the DB rankings tend to reflect the overall business environment, improving the ranking is likely to give potential private investors a more positive image of Bangladesh’s business environment as well as foster private sector growth through SME development at the local level.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Back in Business to Create Jobs : The Doing Business Reform Agenda
title_short	Back in Business to Create Jobs : The Doing Business Reform Agenda
title_full	Back in Business to Create Jobs : The Doing Business Reform Agenda
title_fullStr	Back in Business to Create Jobs : The Doing Business Reform Agenda
title_full_unstemmed	Back in Business to Create Jobs : The Doing Business Reform Agenda
title_sort	back in business to create jobs : the doing business reform agenda
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/204301537424771443/Bangladesh-Policy-Notes-Back-in-Business-to-Create-Jobs http://hdl.handle.net/10986/30554
_version_	1764472334204272640

Back in Business to Create Jobs : The Doing Business Reform Agenda

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