The Ministry of Finance is taking a package of measures to support the private sector and encourage investment

Minister of Finance Maher al-Bayati on Monday announced a number of urgent measures to combat the red tape by facilitating the procedures of the Ministry of Finance departments concerned with the investment file.

The Office of the Inspector-General, in a statement read by "Economy News", "The new instructions, came in order to support and empower the private sector and in line with the direction of the State in this context," noting that "there is great seriousness to provide a positive environment to support and encourage investment, Sophisticated mechanisms of action that will eliminate bureaucracy and reduce the routine in the process of completing transactions. "

The Inspector General of the Ministry of Finance said that "the new procedures will be based on quick correspondence, the designation of coordinators to follow up on these contacts on the field and get the answers within quick time, in coordination with the National Investment Authority, as well as directing all banks under the Ministry of Finance, Facilitating the completion of transactions of borrowers and investors from the private sector ".




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