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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    World Bank: Iraqi economy continues its development progress due to recent reforms

    Rocky
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    • Post n°1

    World Bank: Iraqi economy continues its development progress due to recent reforms Empty World Bank: Iraqi economy continues its development progress due to recent reforms

    Post by Rocky Thu 09 Nov 2017, 3:11 am

    World Bank: Iraqi economy continues its development progress due to recent reforms

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    [ltr]Economy News _ Baghdad[/ltr]
    [ltr]The World Bank said on Thursday that during 2016-2017, Iraq has been able to implement fundamental changes in the domestic regulatory framework in two main areas: starting business and obtaining credit.[/ltr]
    [ltr]"Starting business is easier in Iraq by combining multiple registration procedures and shortening the time required to register companies," said a statement issued by the Bank, which was published on its official website, "Al-Iktissad News." Entrepreneurs no longer have to register their companies independently In the General Authority for Taxation, and reduced the time required for registration of companies, because of increased resources available in the registration services and improve the electronic registration system.[/ltr]
    [ltr]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 As of 1 January 2017, the register included 234,967 customers and 4,877 commercial borrowers, and included information on their history of the five years Past ".[/ltr]
    [ltr]"The Doing Business data reveal that fragile economies continue to reform and deal with crises as opportunities to improve business systems," said Saroj Kumar Jha, regional director of Mashreq's World Bank.[/ltr]
    [ltr]"As part of Vision 2030, the Iraqi government has embarked on a fundamental reform agenda based on the General Government Framework Program (2014-2018), which places priority on institutional economic reforms and the development of the private sector," he said.[/ltr]
    [ltr]"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.[/ltr]
    [ltr]Iraq ranked 168th in the ease of doing business compared with 165th ranked in last year's report. [/ltr]

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