World Bank has launched the Enterprise Survey in Bangladesh to assess the business environment and investment climate barriers that limit economic growth.
The survey is part of a global project in South Asia and would include interviews with over 1,550 manufacturing and services companies.The survey results along with additional information from other studies constitute a source of policy recommendation for government to promote investment, productivity and economic growth, said a World Bank release on Thursday.
The previous enterprise survey in Bangladesh was conducted in 2007. World Bank publishes aggregate measures of the survey data on its website (www.enterprisesurveys.org) where more than 100 indicators of the private sector are created on topics such as infrastructure, access to finance, and business-government relations.
This data is easily comparable with similar indicators for other countries.
‘A thriving private sector is at the heart of a country’s development. Private investment leads to higher growth, more jobs, and greater prosperity, thus helping to reduce poverty levels,’ said Johannes Zutt, World Bank country director for Bangladesh and Nepal.
World Bank implements this type of study on the business environment throughout the world using a standardised questionnaire adapted to the particular context of each country. The questionnaire includes topics on infrastructure, access to financial services, innovation and technology, competition, workforce, informality, and the effect of government regulations on businesses.
Nielsen Bangladesh, a leading research company of Bangladesh, has been contracted to implement the survey. The survey commenced from April would cover Dhaka, Chittagong, Sylhet, Rajshahi, and Khulna division.
-With New Age input
