Say no to Corruption
The World Economic Forum has found corruption to pose a major threat to the Bangladeshi government in the coming years. The observation came as Bangladesh slipped by one rung in the Global Competitiveness Index in 2011 to rank 108th due to inadequate infrastructure, inefficient bureaucracy and corruption.
Bangladesh’s GCI score has increased by 2.5 percent, but the country lost a place further on the ladder in the survey of 142 countries, while other countries advanced,
according to the report released by the Centre for Policy Dialogue, the Bangladesh partner of World Economic Forum.
“Although positive changes were discerned under different indicators, these changes were insignificant to create enough forces to run the wheel of the economy at required pace,” it said.
The survey found that inadequate supply of infrastructure remained at the top as the problem factor, while corruption came second and inefficient government bureaucracy came third.
Weak functioning of Anti-Corruption Commission and enactment of new laws with little power to take action independently are major shortfalls, the report noted.
The report said Bangladesh should place first and most important focus on infrastructure development, creating public institutions, reducing corruption and human resources development in order to enhance productivity, whereas strong political stand is required against corruption, wasteful or delayed public spending and local government system requires strengthening, it asserted.