Bet­ter busi­ness coun­cil still not op­er­a­tional

Bhutan Times - - Home - Sonam Pen­jor

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.

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