BD, WB Group to collaborate in doing business reforms

Bangladesh and the World Bank Group have agreed to extend collaboration in a number of areas, including on doing business reforms, development of investment policies, enhancement of promotional activities and skills development to face the 4th industrial revolution.

Both the sides also agreed to develop institutional capacity of Bangladesh Investment Development Authority (BIDA), introduction of risk-based management and implementation of one-stop service.

The decisions came during the visit of Prime Minister's Private Industry and Investment Adviser Salman F Rahman to Washington from November 12 to 16.

He attended meetings and programmes at the WB headquarters in Washington, said a press release.

During the meetings, Salman explained in details different aspects of the progress made so far by Bangladesh under the dynamic leadership of Prime Minister Sheikh Hasina. He also urged the WB to support Bangladesh in this journey.

BIDA Executive Chairman Md Sirazul Islam and Alternate Executive Director for Bangladesh to the World Bank Mohammad Shafiul Alam were among the Bangladesh delegation.