The Bangladesh Investment Climate Fund provides advisory services aimed at improving business operating environment in Bangladesh. BICF is managed by IFC, in partnership with the UK Department for International Development and the European Union. Its objectives are consistent with the Bangladesh government’s strategic vision for private sector development within its poverty reduction strategy. Government agencies and BICF—in close collaboration with the key stakeholders in Bangladesh—jointly design and implement programs to institute business friendly policies, laws and regulations, and strengthen the institutions that implement them.
Introduction and Context: At the G-20 Seoul Summit in November 2010, the leaders of the 20 member countries endorsed the “Financial Inclusion Action Plan” and the creation of the “Global Partnership for Financial Inclusion (GPFI) proposed by the Financial Expert Group.” The resulting declaration provides the following rationale for creation of the group: “To promote resilience, job creation and mitigate risks for development, we will prioritize action under the Seoul Consensus on addressing critical bottlenecks including infrastructure deficits, food market volatility, and exclusion from financial services.”..