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    Category: Uncategorized

    IDG Condemns Russia’s War on Ukraine and Expresses Our Solidarity with the People of Ukraine

    Reflections from IDG’s CEO On September 8, 1941, the Nazi fascists launched the Siege of Leningrad, cutting communications, blocking all roads into the city, shutting…

    David Snelbecker March 11, 2022

    The Role of Services in Economic Development

    Ben Shepherd discusses reassessing the role of trade services in economic development.
    Clea McElwain November 23, 2021

    Along with International Players | An exclusive interview with the Director of the Moldova Central Securities Depository

    An exclusive interview with Alexandru SAVVA, Director of the Moldova Central Securities Depository for the Russian-language newspaper “Economic Review”.   – Mr. Savva, October will…

    Clea McElwain October 29, 2021

    Identifying viable mechanisms for insuring Hazardous Industrial Objects

    Determining liability limits for hazardous industrial objects depending on the risk level exposure and the scale of potential damage will increase the accessibility of insurance…

    Clea McElwain August 13, 2021

    Step-by-step integration with the international capital markets

    Improving the image and confidence in the Moldovan financial market is paramount for becoming a full member of the global investment community and benefit fully…

    Clea McElwain August 13, 2021

    Risk management trainings support smooth transition to new insurance regulatory framework

    Risk management trainings, organized with the FSTA’s support, will help local insurance/reinsurance companies to comply with the new legal provisions. This will help strengthen the…

    Clea McElwain May 27, 2021

    Local insurers are helped to shift to prudential supervision

    The transition to prudential supervision is no longer a prospect that confuses local insurers. Thanks to the trainings organized by FSTA, insurance companies have gained…

    Clea McElwain May 27, 2021

    Increased interest in AML/CFT trainings. Over 100 participants at the latest workshop

    The AML/CFT trainings are of increasing interest to reporting entities. The proof of this is the latest training workshop that brought together over 100 participants,…

    Clea McElwain May 27, 2021

    The E-Auction System in Bangladesh

    Overview The recent introduction of the electronic auction (e-auction) system in Bangladesh has significantly changed the Bangladesh Customs auction procedure by replacing traditional manual procedures.…

    Clea McElwain May 25, 2021

    Improving Trade and Business Enabling Environment in Bangladesh

    Through the Feed the Future Bangladesh Trade Activity, IDG is working to effectively implement the WTO TFA and related obligations under the World Customs Organization…

    Clea McElwain May 6, 2021
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    Forum Description

    Through the Feed the Future Bangladesh Trade Activity, IDG is working to effectively implement the WTO TFA and related obligations under the World Customs Organization Revised Kyoto Convention to create a strong business enabling environment. The Feed the Future Bangladesh Trade Activity is engaging with the Ministry of Commerce National Committee for Trade Facilitation (NCTF) and the National Board of Revenue (NBR) to assess the status of all agencies in implementing the TFA and provide recommendations for improving their effectiveness. To support the implementation of the WTO TFA, the Feed the Future Bangladesh Trade Activity has also identified gaps between current Authorized Economic Operator (AEO) status and international standards and has recommended amendments to enhance and digitize the AEO program for mutual recognition. In working to improve the business enabling environment, the Feed the Future Bangladesh Trade Activity aims to address weaknesses identified in the World Bank’s ‘Ease of Doing Business’ report (e.g., business environment for starting and operating a business, Trading across borders, etc.). The Activity works to improve the ease of doing business by simplifying and digitizing Government to Business (G2B) services and engaging women-led groups to identify the barriers women face in doing business. The Activity engages with ministries and government agencies to map and streamline regulatory requirements and administrative processes and reduce unnecessary steps involved in each stage of setting up and running a business. The goal is to enhance the business enabling environment by decreasing the time, cost, and number of visits for G2B services. The Feed the Future Trade Activity aims to enable businesses to develop and grow more efficiently and competitively, as well as encourage economic growth and domestic and foreign investments. Recognizing the challenges of achieving sustainable improvements in the Bangladeshi investment environment, IDG has also conducted a political economic analysis (PEA) to ensure that the Feed the Future Bangladesh Trade Activity activities are tailored to Bangladeshi structures, institutions, and stakeholders. IDG follows the USAID Applied PEA Field Guide, with a special focus on stakeholder analysis to identify all relevant sectors and understand their interest and power relationships around trade facilitation and improvements to the business enabling environment.

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