Support Emergence of Home-Grown Policies by Putting Local Partners in the Drafting Seat
In September 2007, the Government of Bangladesh (GoB) requested that the Board of Investment draft an economic zones policy (EZ Policy). The policy was to cover the entire zone regime of Bangladesh, including export processing zones, industrial est...
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| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/07/9773545/support-emergence-home-grown-policies-putting-local-partners-drafting-seat http://hdl.handle.net/10986/10600 |
| Summary: | In September 2007, the Government of
Bangladesh (GoB) requested that the Board of Investment
draft an economic zones policy (EZ Policy). The policy was
to cover the entire zone regime of Bangladesh, including
export processing zones, industrial estates, and special
economic zones, both public and private. Export processing
zones had long been a key tool in Bangladesh for creating
jobs and increasing exports. In addition, there were 67
industrial estates - at least one in each of
Bangladesh's 64 districts - which catered primarily to
the domestic market. Both the eight export processing zones
and the industrial estates had mixed success. When the GoB
commissioned the EZ Policy, the IFC Bangladesh Investment
Climate Fund (BICF) agreed to fund the drafting of the
policy. In doing this, IFC BICF could have contracted an
international consulting company with world-wide expertise
in drafting EZ Policies in multiple countries to draft the
ideal policy that would have incorporated the best
international practices available, avoided common pitfalls
in developing economic zones, and relied on the traditional
wisdom of the best practitioners. |
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