Iraq and World Bank discuss business enabling environment indicator

INA - BAGHDAD

Deputy Secretary-General of the Council of Ministers, Farhad Nematullah Hussein, and the representatives of the World Bank in Iraq discussed on Tuesday, the indicators of business enabling environment.

Hussein, chaired the second periodic meeting concerned with following up on reforms and addressing indicators for evaluating the business environment in Iraq, which was mentioned by the World Bank in its annual report, by enabling the regulatory environment for the private sector and its workers, as one of the essential items in achieving economic growth and motivating young people to engage in the local labor market and shift towards the private sector, according to a statement by the General Secretariat of the Cabinet, received by the Iraqi News Agency (INA).

The representative of the World Bank indicated 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 the implementation of Iraq's commitment to the terms of the white sheet approved by the government earlier in this regard,”

The meeting dealt with the annual assessment prepared by the World Bank on doing business according to the areas of “obtaining credit, settling price cases, enforcing government contracts, and protecting investors with the lowest percentage,”