EASE OF DOING BUSINESS

Nat’l body formed to oversee govt’s reform programme

Staff Correspondent | Published: 22:31, Sep 19,2017 | Updated: 23:30, Sep 19,2017

 
 

Cabinet Division has formed a national committee to oversee the implementation of the government’s doing business reform programme adopted for improving the country’s ranking in global ease of doing business index.
The committee, led by cabinet secretary, will monitor the implementation progress of short-, medium- and long-term reform recommendations and subsequent action plan taken by different ministries and divisions in early this year.
The 15-member committee consists of secretaries and other top officials of the relevant ministries and divisions will also provide guidelines to the implementing agencies in removing challenges faced during implementation.
Cabinet Division on August 21 formed the National Committee for Monitoring Implementation of Doing Business Reforms and issued a gazette notification on September 10 specifying the terms of reference of the committee.
It said the committee would be a permanent one and continue its works to achieve the goal of improving the doing business ranking. 
Bangladesh Investment Development Authority in January announced the reform programme based on recommendations of the ministries and divisions relevant to doing business climate to bring down the country’s ranking in the Ease of Doing Business Index of the World Bank below 100th place from the current 176th position by next five years. 
The Doing Business Reform Coordination Secretariat of the BIDA will provide the committee with secretarial support.
Ministries, divisions and other government agencies including finance, commerce, housing and public works, land, law, home and environment and forest ministries, Local Government Division, Bangladesh Bank, Registrar of Joint Stock Companies and Firms and National Board of Revenue is implementing the programme that includes reforming rules, regulations and procedures related to business climate.
The package includes curtailing time to complete process for starting a business in the country to seven days from current 19.5 days, giving construction permits by 60 days from current 278 days and electricity by 28 days from the present 404 days.
According to the terms of reference, the committee will encourage the implementing agencies to adopt the reform targets in respective annual performance agreement and other institutional performance matrices.
It will also recommend the government for any resource allocation to support better capacities for reform adoption and implementation, and undertake any activities required to expedite implementation of the reforms.
The committee may co-opt any new member and invite relevant persons from public and private sectors for the required expertise and knowledge in specific areas.
It may also ask the DBRCS to deploy necessary technology to track the progress of reform implementation. 

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