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Bangladesh Investment Climate Fund

The Public’s Proxy?

Antonio Lambino's picture

I recently attended a brown bag on the Bangladesh Investment Climate Fund (BICF), an advisory facility that seeks to help improve the country’s investment climate.  The International Finance Corporation’s Advisory Services team runs the initiative, generously supported by the UK’s Department for International Development and the European Commission.

Core program areas include regulatory reforms, economic zones, and capacity building and institutional strengthening.  According to Syer Akhtar Mahmood, BICF’s Senior Program Manager, results include the following: a 50% reduction in property registration fees; an online system for business registration; effective consultation mechanisms to identify regulatory issues and recommend reforms; platforms for broad-based public-private dialogue on policy formulation and implementation; and a core group of mid-level government officials who have, among other things, generated notes on reform options and authored 10 articles/op-eds which, according to Mr. Mahmood, rarely happens in Bangladesh.