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Bangladesh, WB Group agree to doing business reforms

16 November, 2019
Source: The Independent

Bangladesh and the World Bank Group have agreed to extend collaboration in a number of areas, including on doing business reforms, development of investment policies, enhancement of promotional activities and skills development to face the 4th industrial revolution.

Both the sides also agreed to developing institutional capacity of the Bangladesh Investment Development Authority (BIDA), introduction of risk-based management and implementation of bet one-stop service.

The decisions came during the visit of Prime Minister’s Private Industry and Investment Adviser Salman F Rahman to Washington from November 12-16.

Salman attended important meetings and programmes at the World Bank Group’s headquarters in Washington, said a press release.

During the meetings, the PM’s Adviser explained in details different aspects of the remarkable progress made so far by Bangladesh under the dynamic leadership of Prime Minister Sheikh Hasina. Salman also urged the World Bank Group to support Bangladesh in this journey.

Bangladesh Investment Development Authority (BIDA) Executive Chairman Md Sirazul Islam and Alternate Executive Director for Bangladesh to the World Bank Mohammad Shafiul Alam were among the Bangladesh delegation.