Institutional Framework Reform Under Law 22-18 Relating To Investment Promotion

Abstract

The enactment of a new investment legislation necessitates concurrent adjustments and enhancements to the institutional framework governing the investment procedures, given the significant role that the host country's institutional system plays in attracting investment. The more its procedures are characterized by ease, clarity, and the absence of administrative complications, this will attract the potential investor and vice versa.

Globalization has imposed new challenges necessitating the development of competitive capabilities essential for seamless integration into the global economy. This entails the establishment of robust and efficient institutions geared towards fostering development. Therefore, the new Investment Law 22-18 includes in its provision’s reforms to the institutional framework in charge of the investment process through restructuring it with the aim of raising the level of efficiency of the agencies in charge. By investing, developing and keeping pace with digital transformation in order to reduce administrative restrictions and enhance cooperation between departments active in organizing the investment process, to keep pace with local and international changes to contribute to economic integration and in a manner consistent with investment policy to achieve the requirements of sustainable development.