Bangladesh earns 61 out of 100 points in the Bangladesh Business Climate Index (BBX). It indicates that the business environment is improving but there are still various constraints that should be improved.
The Metropolitan Chamber of Commerce and Industries and the Policy Exchange Bangladesh virtually inaugurated the first Bangladesh Business Climate Index (BBX) Report on Thursday.
The BBX is based on a total of 100 points, and divides the business environment into four categories. The bottom 0-20 points indicate the business environment is difficult, if 21-40, there are substantial bottlenecks remaining for business. Index staying within the next 20 points indicates a generally complex business environment.
The performances of Bangladesh in 10 areas are: pillar 1: starting a business 68.91, pillar 2: access to land 58.90, pillar 3: availability of regulatory information 59.83, pillar 4: access to infrastructure 72.02, pillar 5: labour regulations 66.35, pillar 6: dispute resolution 57.48, pillar 7: cross border trade facilitation 49.43, pillar 8: paying taxes 68.72, pillar 9: technology adoption 57.70 and pillar 10: access to finance 50.78.
According to the result, the country showed progress in four pillars and improved at the access to infrastructure, labour regulation and paying taxes. On the other hand, it has lagged behind in six other pillars of the business environment.