The Deputy Secretary-General of the Council of Ministers discusses with the Regional Director of the World Bank indicators for improving the business environment and supporting the private sector in Iraq

Baghdad, Deputy Secretary-General of the Council of Ministers, Farhad Nimatullah Hussein, discussed with the Regional Director for Equitable Growth, Finance and Institutions for the Middle East and North Africa at the World Bank, Muhammad Nader, and his accompanying delegation, indicators of improving the business environment, and supporting the files of digital transformation and the banking sector in Iraq.

The Deputy Secretary-General of the Council of Ministers confirmed, according to a statement by the Council, that the Prime Minister’s government program focused on supporting the private sector by improving the business environment and simplifying procedures in various fields, given the importance of this vital sector and the necessity of multiple sources of income in Iraq.

He pointed out: ‘The committee for improving the business environment was formed at the highest level of the government and concerned sectoral bodies, and within the business environment and the support of the private sector, it com
pleted many works that contributed to addressing the obstacles facing this sector, most notably: amending the companies law, the tax law, and issuing a new law in insolvency issues, as well as simplifying procedures for issuing building permits, facilitating company registration and establishing a single window, and supporting and encouraging foreign investments in Iraq.

The Deputy Secretary-General called on representatives of the World Bank to provide support and assistance in the areas of developing the work of the banking sector, digital transformation, electronic governance, investment support, and reform of state-owned companies.

For his part, the Regional Director for the Middle East and North Africa at the World Bank indicated that the World Bank is a key partner in supporting Iraq’s aspirations, to improve the business environment and implement strategic plans and programs to develop the private and financial sector and support digital transformation in Iraq, stressing that Iraq is one of the leadi
ng countries and the first country within the Middle East region worked and fully implemented processes to improve the business environment that would increase investments in Iraq.

Source: National Iraqi News Agency

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