Category Archives: South Asia

Supporting Women Entrepreneurs in Bangladesh through Policy Advocacy

BWCCI founder Selima Ahmad received the Oslo Business for Peace Award earlier this year.

BWCCI founder Selima Ahmad received the Oslo Business for Peace Award earlier this year.

Watch CIPE’s Google Hangout on women’s entrepreneurship, which discusses BWCCI’s work.

While still a poor country, Bangladesh is an economic success story in terms of its economic outlook and expanded employment opportunities for women. In recent years, economic growth has averaged 6 percent annually and a vibrant, export-oriented garment sector has generated employment opportunities for urban women. Bangladesh has achieved food self-sufficiency and significantly reduced poverty, “putting the country on track to achieve most of the Millennium Development Goals.”

CIPE began working with the Bangladesh Women’s Chamber of Commerce and Industry (BWCCI) in 2006 with two objectives in mind. First, CIPE would provide training and technical assistance to the board and staff to ensure that the chamber focused on member needs and attained financial sustainability by growing its dues-paying membership. Second, CIPE encouraged BWCCI to shift from training individual entrepreneurs to pursuing policy advocacy to remove legislative and regulatory barriers to the equal participation of women in the economy.

BWCCI’s work expanding economic opportunities for women and promoting greater involvement of women in the policymaking process strengthens participatory democracy. Women comprise more than half the population and women-owned businesses generate employment and contribute to Bangladesh’s economic growth. Addressing the specific policy concerns of female entrepreneurs expands the inclusiveness of the democratic process and enhances female representation in the country’s economic and political institutions.

Read More…

Pakistan Celebrates Global Entrepreneurship Week 2014

gew-pakistan-2014

Pakistan is charged up to celebrate Global Entrepreneurship Week (GEW) 2014. GEW has become a yearly phenomenon, with universities, GEW-Pakistan partners, chambers of commerce, and companies all sponsoring events during the week of November 17-23.

Read More…

CIPE Partner Helps Pakistan Government Measure Its Performance

pak-econ-scorecard

On October 28, Pakistan’s Prime Minister Nawaz Sharif announced that the performance of each of his ministries will be evaluated in what the government describes as the country’s first-ever such accountability exercise. Planning and Development Minister Ahsan Iqbal of the ruling Pakistan Muslim League-Nawaz party (PML-N) has said that four benchmarks will be used assess each minister: implementation of the PML-N campaign platform from the 2013 election; internal department and ministry reforms; public service delivery and public welfare; and whether the ministry has a strategic plan, or a “future agenda.”

This development is particularly notable because for the past year, CIPE and one of its key partners in Pakistan – the Policy Research Institute on Market Economy (PRIME), an Islamabad-based think tank – have spearheaded a program to track the government’s implementation of its economic policy platform. PRIME issues a quarterly performance scorecard, tracking key macro- and microeconomic indicators, as well as legislative and policy initiatives, to measure whether the government is following through on its 2013 pledge to overhaul the economy.

The idea of such monitoring follows, in turn, on CIPE’s earlier work to engage the business community in policy advocacy and encourage the parties to campaign on specific economic platforms – at the time a first for Pakistan. This program by PRIME and CIPE continues that innovation, and also set the tone for the government’s own accountability push.

Read More…

The Importance of Corporate Governance in Family-Owned Companies

Launching CIPE's Corporate Governance Guide for Family-owned Companies in Pakistan.

The adoption of good governance practices is beneficial to listed companies, unlisted companies, and family-owned enterprises.

Good governance practices strengthen companies by building relationships among investors, boards of directors, managers, and employees. Implementing corporate governance guidelines allows businesses to obtain capital at lower cost, enhances business strategy, and attracts the best human capital.

Corporate governances also promotes competitiveness in the marketplace and is an antidote to corruption. Effective corporate governance also helps ensures the integrity of business operations and strengthens the rule of law and democratic governance by promoting values of accountability and transparency.

In the last decade, Pakistan has experienced a sizeable increase in the number of unlisted companies, particularly family-owned organizations. These enterprises form the backbone of Pakistan’s economy and growth; the need for corporate governance guidelines for these particular types of companies has never been greater. Instituting good governance practices is particularly effective in overcoming the challenges many family-owned enterprises face.

CIPE partnered with the Pakistan Institute of Corporate Governance (PICG) and the Institute of Chartered Accountants of Pakistan to assess sectoral needs and develop the Corporate Governance Guide for Family-Owned Enterprises, the first guide of its type in Asia.

To learn more about the benefits of instituting good governance practices for family-owned enterprises and how one Pakistani company improved its governance and its performance, read the latest case study from the forthcoming collection of Strategies for Policy Reform.

Teodora Mihaylova is Research Coordinator at CIPE.

Pakistan Seeks Potential Solution to Political Protests

ISB-protest

For the past several weeks, Pakistan has faced a set of dual protests that have sparked a political crisis. One protest, led by former cricket star turned politician Imran Khan, head of the PTI party, draws on Khan’s allegation of widespread rigging in the landmark 2013 elections. Khan’s demands include electoral reforms, a redo of the election, and, controversially, the resignation of Prime Minister Nawaz Sharif of the PML-N party.

The other protest, led by Sufi cleric Muhammad Tahir-ul-Qadri, who heads the PAT party, seeks justice for followers killed and injured in a June incident at his headquarters. Qadri has demanded a full investigation, and also seeks the resignation of Punjab Chief Minister Shahbaz Sharif, the Prime Minister’s brother. After marching to Islamabad and holding daily rallies, the protests eventually turned violent. While the violence subsided, and the army has mediated talks among the government, Khan and Qadri, the situation has not yet abated.

These crises come at a difficult time for Pakistan. The country is dealing with massive floods after heavy monsoon rains. Furthermore, because of the protests, the center of Islamabad has been shut down for more than month, freezing legislative and ministerial activity in the capital. As a result, the government has been unable to make any progress on meeting an extensive set of conditions to keep badly-needed funds flowing under an IMF loan facility. Moreover, the much-awaited visit of Chinese President Xi Jinping has been postponed.

Over the past year, as shown by CIPE’s partner PRIME, an Islamabad-based think tank, the government has made only limited progress toward implementing an ambitious economic reform agenda, thus engendering widespread frustration. Against this backdrop, many observers worried that the military could seize power again, as it has done in the past, or at least seek greater influence. Citing a report from the US Congressional Research Service, there was fear that this could cause the US to withdraw crucially needed support.

Read More…

Governance Principles for Business Associations and Chambers of Commerce: Now Available in Urdu

urdu-gov-principlesBusiness associations need strong governance systems and guiding principles in order to effectively serve their members and act as advocates for policy change. In Pakistan, business associations are mostly struggling to adapt effective governing mechanisms that could ease the path to successfully achieving their vision, mission, and objectives.

Societal norms are changing, the business environment is getting more complex and challenging, and following the principles of corporate governance should now be one of the foremost issues that business associations must address.

CIPE has a huge online library of resources and publications through which business associations can get instant guidance and support. In order to facilitate good governance principles within business associations, CIPE and the World Chambers Federation (WCF) developed a guide on Governance Principles for Business Associations and Chambers of Commerce. The guide was originally published in English and subsequently translated in to Arabic, French, Russian, Spanish and Dari languages.

To support and further simplify good governance principles in the country, CIPE Pakistan has produced an Urdu Translation of these principles (available here) for the benefit of business associations all across Pakistan that can be further guided with local language clarity.

Emad Sohail is a Senior Program Officer at CIPE Pakistan.

Focus on Youth Entrepreneurship in Peru and Nepal

CIPE recently published two new case studies on youth entrepreneurship programs in Peru and Nepal. Learn more about the dynamic young entrepreneurs who make these programs a success below.

Anil Parajuli

Nepal

parajuliAnil Parajuli attended the 11th Arthalaya program in early 2011 when he was pursuing his Bachelor’s in Development studies. After attending Arthalaya, he started a honey farm named “The Busy Bee” in a suburban town south of Kathmandu. He produces organic honey and sells it to selected clientele in Kathmandu. Anil says “It was Arthalaya that taught me it is important to get started and any small exchange that is based on voluntary exchange and value addition is a big contribution to the overall development of a society.” Arthalaya inspired him to continue his education in entrepreneurship by pursuing a MBA in Entrepreneurship at Kings College. He plans to open a resort near his honey farm once he graduates.

Antonella Romero Jimenez

Ica, Peru

EmprendeAhora ignited the entrepreneurial spark in Antonella Romero Jimenez when she was a participant in 2010. Hailing from the Ica region of Peru, Antonella had not previously given much thought to starting her own business, claiming that in her region “there had never been a program that promoted entrepreneurship among youth.” During the EmprendeAhora educational program, Antonella learned how to create her own business plan and afterward decided to open two cafes called “Káva – Café Peruano” at two universities in the Ica region. Antonella understands the impact entrepreneurship has on her country, saying “it fosters economic development and generates employment for myself and others in my region. Káva itself provides jobs for 12 people – all young women between the ages of 19 and 22.

kava

Read More…