Leading entrepreneurs of the country see the overall business environment as ‘unsatisfactory in the global context’ and blame corruption, inferior infrastructure and malfunctioning of public institutions for its slide in the global competitiveness ranking for 2006-07.
About 95 per cent of the respondent entrepreneurs to the Executive Opinion Survey for the Global Competitiveness Report 2006-2007 of the World Economic Forum released Tuesday believe that the power situation here is worse than in most other countries, while 85 per cent expressed concern about the deteriorating port facilities.
They expressed almost zero trust in financial honesty of politicians, as illegal donations to political parties are very frequent, and questioned the effectiveness of the parliament as a legislative and oversight institution.
The observations of the local entrepreneurs were reflected in the slide of Bangladesh’s rank in the GCI from 99th among 125 countries in 2006 from 98th among 117 in 2005.
The details of the report related to Bangladesh were formally revealed on Saturday by the Centre for Policy Dialogue, a partner institute of the WEF, at a press briefing in the dialogue room at its office in the city.