Better business council still not operational
Better Business Council (BBC) was formed and established three years back but still the council was not operational.
Lyonchhen Dasho Tshering Tobgay said during the meet the press session last Friday that better business council was formed, but the council was not operational because they couldn’t decide on the institutionalize mechanism.
Lyonchhen said that when they first decided to established the better business council, the idea was that there will be an autonomous agency.
Beside that Lyonch- hen also said that they also decided that as an autonomous agency will be more effective to get the work started. “The ministry of economic affairs should set up the temporary secretariat within their office,” added the Lyonchhen.
“We have potential donor who had also express their interest and we wish to wait until external grants financing was made available rather than incurring expenses from domestic revenue.”
Lyonchhen further said that the external financing have been made available through Asian Development Bank (ADB) grant and have since then decided that as an autonomous agency, it measures another larger layer to the bureaucracy. And therefore, we established secretariat within the Policy and Planning Division (PPD) of the ministry of economic affairs.
Though the council itself has not been officially established, however the works of council has been carried out by the secretariat and lot of work of have been done by the secretariat but in larger part we are lack in expert for the use of ADB grant, added the Prime Minister.
Lyonchhen said that the result of the secretariat can be seen from wide range of area from the economic growth and ease of doing business in the country.
Given that, this is towards the last year of the government, we have ask for final proposal from the experts who are working with better business in terms of what they would like to accomplish in the next nine months. And we will be guided by their recommendation, said the Lyonchhen.
Meanwhile, the objective of the establishment of better business council of Bhutan that was issued by the government in July 2014 was to stimulate dialogue and group efforts between the public and private sectors on the issues related to the effective implementation and monitoring of laws and policies related to sustainable competitiveness, investment and business operations.
It also includes to work with a range of stakeholder, experts and programs to conduct research to identify constraints, limitations and barriers existing in starting and closing of business, achieving sustainable competition, promoting investment and increasing foreign direct investment (FDI).
And make recommendations to the government based on balanced, nonpartisan multistakeholder viewpoint for the development and growth of investment and business in a sustainable manner.