Bangladesh slips to 119th spot in ’Doing Business Index’

Bangladesh slipped four places to 119 in the ‘Doing Business Index´ as its reform initiatives to promote business environment were “not aggressive enough,” a World Bank-IFC survey said.

Bangladesh slipped four places to 119 in the ‘Doing Business Index´ as its reform initiatives to promote business environment were “not aggressive enough,” a World Bank-IFC survey said.

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“Even with the success of Bangladesh’s reforms, the country has slipped by a few places in the global ranking. This is because these reforms are not aggressive enough,” senior programme manager of IFC-run Bangladesh Investment Climate Fund Syed Akhtar Mahood told the media.

Bangladesh had carried out reforms in three particular areas -- introducing online company registration system, cutting corporate income tax and expediting international trade by automating customs clearance system.

Neighbouring India also slipped a notch to 133 while Pakistan topped the ranking among the south Asian countries with 85th position. Other regional nations in the list are Sri Lanka (105), Nepal (123), Maldives (87) and Bhutan (126).

Published jointly by the World Bank and the International Finance Corporation (IFC), the survey was conducted in 183 countries.