"Memo Sent" - News from KTFA DELTA 4-29-19

KTFA

DELTA » April 29th, 2019


FAMILY...........MEMO WAS SEND TO BANKS.... ON 4/16

Inspector General of the Ministry of Finance announces measures to suppor t the private sector and encourage investment

29/04/2019

(Independent) … The Ministry of Finance General Inspector Maher al-Bayati on Monday announced a number of urgent measures to combat routine through facilitating the procedures of the Ministry of Finance departments concerned with the investment file.

The Office of the Inspector General, in a statement received (independent) copy of it, "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 the banks of the Ministry of Finance to take appropriate measures that would Facilitating the completion of transactions of borrowers and investors from the private sector



Source: Dinar Recaps
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