The World Bank “talks” about current and future changes in Iraq’s economy

The World Bank “talks” about current and future changes in Iraq’s economy

2017/11/09 11:45

The World Bank talks about current and future changes in Iraqs economyBaghdad today: Baghdad

A statement by the World Bank said business was becoming easier in Iraq, in a remarkable position, while the bank said it was committed to supporting Iraq.

“In 2016/2017, Iraq has been able to implement fundamental changes in the local regulatory framework in two main areas: starting business and obtaining credit,” the bank said in a statement read by Baghdad today.

“Entrepreneurship is no longer required to register their companies independently with the General Authority for Taxation, and the time required for registering companies has been reduced, Because of the increased resources available in the registration community and the improvement of the electronic registration system. ”

He added that “Iraq has worked to improve access to credit information through the launch of credit registry managed by the Central Bank of Iraq, and from January 1, 2017, this included 234,967 customers and 4,877 commercial borrowers, and included information about their history of The past five years “.

“The Doing Business data reveal that fragile economies continue to reform and deal with crises as opportunities to improve business systems,” the statement quoted the World Bank’s Mashreq World Bank Director Saroj Kumar Jha as saying.

“As part of Vision 2030, the Iraqi government embarked on a fundamental reform agenda based on the General Government Framework Program (2014-2018), which places priority on institutional economic reforms and private sector development,” he said.

“The commitment of the World Bank to support the Iraqi government’s efforts to implement priority reforms that will enhance the business environment and achieve better growth and opportunities for all Iraqis,” Jha said.