Corruption a big headache for businesses: CPD
Staff Correspondent
Centre for Policy Dialogue (CPD) on Wednesday suggested making an integrated fiscal system, setting up an independent office of Ombudsman/Ombudsperson with proper legal, institutional, and operational responsibilities and facilities, to reduce corruption as it is a big headache for businesses in the country.
In a recent study jointly done by CPD and the World Economic Forum, 67.61% of businessmen considered corruption to be the biggest impediment in doing business in 2023. In 2022, the percentage was 64.6 percent.
The findings of the study titled "Bangladesh Business Environment Study 2023: Findings from the Executive Opinion Survey" were disclosed by CPD Research Director Khondaker Golam Moazzem during a media briefing on Wednesday at its office in Dhaka.
Moazzem said 66.20% of businessmen are also anxious about fuel supply in the next two years. And, 58% of businessmen said there is a lack of monitoring and supervision in the banking sector. And, 50% of businessmen also said they are unable to import products due to the ongoing dollar crisis.
The local think tank also recommends that the government should take the initiative to set up an independent office of the Ombudsman/Ombudsperson with proper legal, institutional and operational responsibilities and facilities.
