Enhance Investment Climate, PIAC Urges Government

The Public Interest and Accountability Committee (PIAC) is calling on the government to implement measures to improve the investment climate in the country.

PIAC, which oversees the management and use of petroleum revenues, believes that enhancing the investment climate is crucial for promoting economic growth and development.

According to PIAC, a favorable investment climate is essential for attracting both domestic and foreign investors, which is critical for stimulating economic activity and creating jobs.

The committee has therefore urged the government to prioritize policy reforms and initiatives that promote a stable and predictable business environment.

Specifically, PIAC is recommending the streamlining of regulatory processes, the reduction of bureaucratic hurdles, and the enhancement of transparency and accountability in government dealings.

The committee believes that these measures will help to boost investor confidence and encourage the private sector to play a more active role in driving economic growth and development.

By improving the investment climate, PIAC hopes that the government can create an environment that fosters innovation, entrepreneurship, and job creation, ultimately leading to improved living standards and a more prosperous future for all citizens.