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World Bank Calls for Action for the Single Window system
On: Sun 02/12/2012 8:20
Baghdad / follow-term
economic situation in Iraq prompted some international economic institutions to put forward many plans and projects, to encourage investors to enter the Iraqi market, to the World Bank called the Iraqi government to enable the introduction of single window.
The expert in the Iraqi Central Bank, Dr Majid picture he was in Iraqi investment law, but he did not do yet.
He said the picture of Radio Free Iraq that the introduction of single window will contribute to address the problem of handling professional with investors, that has plagued Iraq today.
and confirmed the picture who heads the World Bank experts in charge of monitoring the process of development and investment in the country, that there are today reluctant to invest in Iraq despite the imposition of large available.
and applies the system of single window in most countries of the world in order to unite all government measures relating to the provision of facilities for investors in one and the same , save time and effort.
Meanwhile, a expert in the Ministry of Finance Dr. Hilal Al-Tahan said can this system that serves the investment movement in Iraq, but its application needs to provide the elements of other key to success.
and adds the miller that the system of single window is not key to magic for success in the absence of climate attracting investment in Iraq.
In the meantime, said the Ministry of State for Provincial Affairs that the problem of allocation of plots of land investment has been resolved, indicating that during the period of 60 days has been allocated around 200 a piece of land for investment in all the provinces.
and the problem of land allocation of the most prominent obstacles in the implementation of investment projects . Did not recognize yet the budget in 2012 because of political problems that has plagued Iraq.
, says the National Investment The obstacle to attracting investment companies ownership of the land and failure to protect the funds of the investors.
said Minister of State Torhan Mufti told the Kurdish news agency (Rn), "The problem of allocation of plots land investment companies have been resolved and will later allocate the land quite easily. "
said the mufti, "We facilitate legally necessary measures to give investors plots," noting that "during the four meetings of the Committee on the allocation of land for investment projects of development in a period of 60 a day has been allocated 200 plots of land investment in all the provinces. "
and Iraq admitted in 2006, Law No. 13 of private investment, to encourage foreign companies to enter the country and to contribute with the government's efforts in the reconstruction of the crumbling infrastructure due to war and siege.
and the First Amendment, conducted by Iraq to the law in 2009 allowed the foreign investor the right to own land and property belonging to the state allowance determined in accordance with special regulations, and has also the right to own land and property belonging to the mixed and private sectors for the purpose of the establishment of housing projects.
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