World Bank: Iraq is witnessing a major transformation in improving the business environment

The World Bank confirmed, today, Thursday, that Iraq It is witnessing a major transformation in improving the business environment and has made progress in vital areas such as regulatory frameworks, public services and operational efficiency.

The bank said in a statement that “Iraq is witnessing a major transformation in improving the business environment and has made progress in vital areas such as regulatory frameworks, public services and operational efficiency,” explaining that “Iraq has made significant progress in creating a more stable and business-friendly regulatory framework.”

He added: “Iraq has succeeded in improving the ease of doing business by simplifying company registration processes and eliminating minimum capital requirements,” indicating that “Iraq has made tangible progress in the public utilities sector, which is essential for companies’ operations.”

He pointed out World Bank “The Iraqi government has reduced the time required to access basic services such as electricity and water,” he stressed, adding that “reforms in Iraq have already contributed to reducing operational disruptions and increasing investor confidence in the market.”

He concluded by saying that “Iraq has introduced new regulations in market The work aims to protect workers and enhance market inclusiveness,” noting that “reforms in creating market More flexible and inclusive work made Iraq More globally competitive.”

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