Economie| 10:44 – 07/09/2021
Baghdad – Mawazine News
Deputy Secretary-General of the Council of Ministers, Farhad Nematullah Hussein, discussed with representatives of the World Bank in Iraq indicators of improving the business environment.
A statement by the General Secretariat of the Council of Ministers received by Mawazine News stated that “the Deputy Secretary-General of the Council of Ministers, Farhad Nematullah Hussein, chaired the second periodic meeting of the Diwaniyah Order Committee (52 for the year 2021), which is concerned with following up on reforms and addressing indicators for evaluating the business environment in Iraq that were reported by the World Bank. In his annual report, by improving the regulatory environment for the private sector and its workers, as one of the basic items in achieving economic growth and motivating young people to engage in the local labor market and shift towards the private sector.
The representative of the World Bank indicated, according to the statement, that “the Bank is a key partner in supporting Iraq’s aspirations to improve the business environment and implement strategic plans and programs to achieve economic growth, in implementation of Iraq’s commitment to the terms of the white paper approved by the government earlier in this regard.”
He added, “The meeting, which was held in the building of the General Secretariat of the Council of Ministers, dealt with the annual assessment prepared by the World Bank on doing business according to the axes (obtaining credit, settling price cases, enforcing government contracts, and protecting investors with the lowest percentage).”
It is reported that the matter committee Al-Diwani (52 for the year 2021) includes in its membership representatives of the relevant authorities from the Supreme Judicial Council and the State, and the ministries (Foreign Affairs, Commerce, Higher Education and Scientific Research, as well as the Central Bank of Iraq).