PM to form board of trustees to simplify business environment

CAIRO, July 14 (MENA) - Prime Minister Mostafa Madbouli issued on Sunday a decision forming the board of trustees of the central unit tasked with simplifying the procedures of the Egyptian Initiative for the Reform of the Business Environment (IRADA).

The board will be chaired by the prime minister and will include the ministers of investment and international cooperation, planning, finance and trade and industry as members.

The board will also include the deputy governor of the Central Bank of Egypt, head of the Financial Regulatory Authority, head of the Federation of Chambers of Commerce and head of the Federation of Egyptian Industries.

The central unit is tasked with re-considering all laws and decisions related to the Egyptian Initiative for the Reform of the Business Environment (IRADA) to filter them and annul whatever contradicts with government plans to improve the business atmosphere.