Bangladesh has moved one notch up in the World Bank’s Ease of Doing Business ranking, released this evening across the world.
The country has been ranked 176th among 190 countries in the Doing Business report 2019.
Bangladesh was placed at 177 among 190 countries in the last year’s index.
But in Doing Business 2017, released in 2016, Bangladesh held 176th position.
Thus, this year the country actually regains the position it held two years back.
This year’s index is also the 16th edition of the annual report of the World Bank which investigates the regulations that enhance business activities and those that constrain it.
The theme of this year’s report is Training for Reform.
The report attributed the marginal improvement of Bangladesh on trade facilitation measures.
“Bangladesh has identified its top priorities for trade facilitation as capacity building activities at ports and customs offices as well as communicating with relevant actors to ensure the proper adoption of regulations,” it added.
New Zealand tops the index followed by Singapore and Denmark, while Somalia tagged as the worst country on doing business in the world.
