DCCI for quick business regulatory reforms
Today we look at Bangladesh's performance in the international business ranking.
Graduating to a lower-middle income economy, Bangladesh has made progress. This was witnessed in last session's "Doing Business 2015" report by the World Bank, where Bangladesh improved its rankings. This fiscal years publication, reported however, that Bangladesh is facing a bumpy road to its progress, as it slid down two places in "Doing Business 2016" ranking of 189 countries. We ranked 174th.
Placing itself at 172nd in 2015, the government was enthusiastic thereby to take responsibilities for a lot of initiatives. Implementation however, faced a rather winding tunnel, which led to procedural delays and lengthened bureaucratic steps to establish ease of business.
Bangladesh stepped down to 117 from 115 a year before in starting a business rank. It takes 244 days for property registration and 404 days for acquiring electricity. For needing number of documents for export, Bangladesh needs 12 items. The country slipped in 5 indicators out of the overall 10, while the rest remained unchanged.
Today we look at Bangladesh's performance in the international business ranking.
Graduating to a lower-middle income economy, Bangladesh has made progress. This was witnessed in last session's "Doing Business 2015" report by the World Bank, where Bangladesh improved its rankings. This fiscal years publication, reported however, that Bangladesh is facing a bumpy road to its progress, as it slid down two places in "Doing Business 2016" ranking of 189 countries. We ranked 174th.
Placing itself at 172nd in 2015, the government was enthusiastic thereby to take responsibilities for a lot of initiatives. Implementation however, faced a rather winding tunnel, which led to procedural delays and lengthened bureaucratic steps to establish ease of business.
Bangladesh stepped down to 117 from 115 a year before in starting a business rank. It takes 244 days for property registration and 404 days for acquiring electricity. For needing number of documents for export, Bangladesh needs 12 items. The country slipped in 5 indicators out of the overall 10, while the rest remained unchanged.
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