[12 September 2007]

SANA'A, (Saba) - Prime Minister Ali Mohammed Mujawar discussed on Wednesday with the advisory team of the International Finance Corporation (IFC) the supports the IFC may provide Yemen to bolster government's efforts to develop institutional system of the investment sector's administration and to identify the investment obstructions in the country.

The primer reviewed the procedures Yemen has taken to improve the investment circumstances including the application of the single window system and facilitating measures for investors.

Mujawar voiced hopes for more cooperation between the IFC and concerned bodies in the country to formulate comprehensive strategy to promote and expand the investment sector to cover all promising spheres as well as focusing on improving related legislations, especially the investment law.

For his part, the head of the IFC's team briefed Mujawar on the steps achieved by the IFC in cooperation with the concerned sectors including undertaking a review of the financial and tax system and structure of the investment promotion sector.

He noted that a new national program has been created to improve the joint work with concerned bodies in the government and private sector to advance the institutional, technical and promotional
phases of the investment in Yemen.

FR/AF

Saba