Project Description
The project assists Bangladesh with regulatory modernization. Actions
include streamlining at least 10 processes in the areas of patent, design,
and trademarks; export and import permits; trade license and civil
construction permits at the municipal level; e-payment; digital signature;
and business licensing portal. The project also reviews, amends, or drafts
at least three legal or regulatory provisions for the streamlining of the
targeted processes, and works on the broader legal issues relevant to
improvement of the investment climate, such as Companies Act, National
Payment System Act, ICT Act, and so on. The objective is to create a
conducive business environment in Bangladesh by enhancing regulatory
transparency, certainty, and efficiency. The expected outcome is an
average reduction of 25 percent in the time and cost of complying with
business regulations.