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Public-Private Partnership for Economic Development : Bangladesh Perspective

Business reforms for job creation 2009 Public-Private Dialogue Workshop 29 April 2009, Vienna, Austria. Public-Private Partnership for Economic Development : Bangladesh Perspective. Business Friendly Bangladesh. 1. Jan ’07- State of emergency declared Low business confidence

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Public-Private Partnership for Economic Development : Bangladesh Perspective

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  1. Business reforms for job creation 2009 Public-Private Dialogue Workshop 29 April 2009, Vienna, Austria Public-Private Partnership for Economic Development:Bangladesh Perspective Business Friendly Bangladesh 1

  2. Jan ’07- State of emergency declared Low business confidence Regulatory uncertainty and bureaucratic bottlenecks The need for Public Private Dialogue • Largest barriers to business: infrastructure, access to land, skills mismatch (WBG’s Investment Climate report 2008) 2

  3. Enter the BBBF… The BBBF serves as a platform for sustained and focused dialogue between the public & private sectors, so that, together, they can provide practical actionable solutions to business issues 3

  4. BBBF Structure • Formed on 25 November, 2007 • 41 Members (20 public, 21 private) Working Groups Secretariats • Chairperson: Honorable Prime Minister 4 4 4

  5. BBBF Progress • 6 BBBF Sessions, 46 Sessions of the 5 working groups • 290 Recommendations proposed, 209 approved • 94 implemented, 115 under implementation, 73 pending. 5 5 5

  6. ICT Task Force reinstated to determine national ICT Policy. Internet Bandwidth costs reduced. Reduced import duty for capital machinery, intermediate goods and raw materials. National Skills Development Council (NSDC) formed as apex body for all Skills Development initiatives in Bangladesh. Company Name Clearance in 3 days, Registration 14 days, Trade License in 3 days, Environmental Clearance Certificate in 30 days, TIN Certificate within 24 hours NGO assistance in SME loan distribution & recovery. 99 SME Service Centresapproved to provide easy access to loans and banking services for SMEs. Key Implemented Recommendations 6

  7. BBBF: Future Agenda Continuation of BBBF under new government Evaluate pending BBBF recommendations on a expedited basis Enhance communication programme: broader engagement Public-Private Dialogues at District levels ImproveGovernment“Interface” with Business.. Accelerate the pace of reforms:Investment Climate, Regulatory Reform Strengthen results-based Monitoring and Evaluationof approved BBBF. 7

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