According to a recent press release, IFC is working with Bhutan’s Ministry of Economic Affairs and the Gross National Happiness Commission to identify and minimize regulatory constraints, an initiative designed to improve the ease of doing business in Bhutan. The initiative aims to increase economic activity, reduce costs and risks of business operations, and improve the government’s capacity to build and sustain momentum for reform. The regulatory simplification project will focus on high-priority areas likely to include industrial licensing, approval process for foreign direct investment, and other clearances. The project aims to improve access to information on requirements for business licenses and permits by creating an e-licensing portal. Bhutan had recently been within the scope of a regional study by Jacobs and Associates assessing regulatory practices, business environments, and related reforms across South Asia (summary available). As illustrated by the Doing Business ranking, the pace of reforms needs to be sustained for significant improvements to be achieved.
A post for a regulatory reform specialist, funded by ADB, was recently closed.
A post for a regulatory reform specialist, funded by ADB, was recently closed.
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