Summary of Advisory Services Project Information
Project Number
571047
Primary Business Area
Investment Climate
Disclosure Date
Oct 27, 2009
Country
Bangladesh
Region
South Asia
IFC Approval Date
Sep 29, 2009
Status
Completed
Estimated Total Budget
$4,311,000.00
(Project budget includes all project-funded activities)
Last Updated Date
Nov 30, 2016
Project Estimated Start Date
Sep 1, 2009
Project Description
The BICF (Bangladesh Investment Climate Fund) regulatory reform project
assists the government with implementing a critical mass of reforms that
are difficult to reverse. It works with the Regulatory Reforms Commission
to develop a systematic approach to identifying reform options, and to
become more proactive in pushing implementation. It also works with the
bureaucracy, creating incentives for proactive reform initiatives from
within the bureaucracy, to complement the top-down pressure. The overall
objective is reduction in the regulatory burden to businesses, as measured
by time and costs. Specific objectives include: 1) simplifying 12
regulatory processes, including at least 5 Doing Business-related areas;
2) subjecting 20 percent of new business regulations to regulatory impact
analysis; 3) populating the e-registry with all business regulations; 4)
government implementation of at least 5 competition-enhancing
recommendations and 20 government-to-business e-governance initiatives;
and 5) 50 government officials acquiring substantial knowledge of
regulatory issues and reform options.
Additional Documents
