PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

584327

Primary Business Area

Investment Climate

Disclosure Date

Dec 29, 2011

Country

Bangladesh

Region

South Asia

IFC Approval Date

Jun 29, 2011

Status

Active

Estimated Total Budget

$3,600,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Jul 1, 2011

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.