2024-11-08 07:06:00
Transversal axes are identified, including the examination of laws and the coordination of efforts and responsibilities at all levels. Streamlining procedures for public and private projects, particularly those on hold, good governance of external financing and encouraging private investment are the three main axes of this transversal government action.
As part of its strategy aimed at accelerating the completion of public projects and stimulating private investment, validated during the Ministerial Council of October 29, the Presidency of the Government published last night a series of notes detailing the main axes of its action and current practical procedures.
The first major axis is the preparation of a draft “transversal and global law”, commissioned by the Presidency of the Government, with the aim of “breaking with the dispersion of legislative texts and their voluminousness”. This law aims to guarantee a complete review of the system for awarding investment bonuses and to address the difficulties encountered in all areas and at all levels.
Three major axes arise from this main axis: the first concerns the streamlining of procedures for public and private projects, particularly those in suspense; the second is linked to good governance of external financing intended for public projects; and the third aims to encourage private investment. The notes from the Presidency of the Government include a range of operational measures, some of limited duration and others setting strategic directions for the future.
Among these guidelines aimed at stimulating private investment are the reduction of deadlines for granting authorizations, the acceleration of the award of certifications and the execution of preliminary studies necessary for the implementation of projects.
Furthermore, for public and private projects on hold, a complete inventory of existing difficulties will be carried out. This approach is accompanied by an immediate review of laws and regulations, with proposed revisions to correct current deficiencies. Regional and sectoral authorities are encouraged to adopt a proactive approach to facilitate procedures and accelerate the implementation of pending projects, the impact of which is beneficial to local populations, thereby providing a regional and regional development advantage. national.
Particular attention will be paid to public projects, with rapid intervention to resolve problems hindering their implementation, while ensuring good management of allocated public finances.
These notes from the Presidency of the Government seem to outline the broad outlines of strong and immediate action aimed at overcoming obstacles to the realization of public and private projects, and to boost private investment.
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**Interview with Dr. Emily Sanders, Economic Policy Expert**
**Date:** November 8, 2024
**Location:** Virtual Conference
**Editor:** Thank you for joining us today, Dr. Sanders. We’re discussing the recent announcement from the Presidency of the Government regarding public investment strategies and economic reforms. Can you provide us with an overview of these new measures?
**Dr. Sanders:** Absolutely, and thank you for having me. The recent measures are a significant step towards enhancing public investment efficiency. The government aims to accelerate the completion of stalled public projects and stimulate private investment—a critical move given the challenges many nations face in balancing public finance and growth.
**Editor:** The announcement mentioned a “transversal and global law” to streamline legislative processes. What impact do you foresee this having on investment?
**Dr. Sanders:** The goal of this law is to consolidate various legislative texts into a more coherent framework. By reducing complexity, it can simplify the process of awarding investment bonuses and help clear bureaucratic hurdles. This is essential for encouraging both public and private investors, as uncertainty is a major deterrent in investment climates.
**Editor:** Interesting! The government highlighted three main axes for action: streamlining procedures, good governance of external financing, and encouraging private investment. Why are these areas particularly crucial right now?
**Dr. Sanders:** These axes are fundamental for creating an environment where investment can flourish. Streamlining procedures will reduce delays, which often lead to cost overruns and project cancellations. Good governance of external financing ensures that resources are utilized efficiently and transparently. As for encouraging private investment, it’s vital for economic growth; private sectors often drive innovation and create jobs, which can lead to a healthier economy overall.
**Editor:** With the mention of good governance, how do you think this influences transparency and accountability in public projects?
**Dr. Sanders:** Improved governance is directly linked to increased transparency and accountability. By establishing clear guidelines and processes, stakeholders can have greater assurance that funds are allocated wisely and projects are executed as planned. This builds public trust and can attract even more investment over time.
**Editor:** what are the potential challenges that the government might face in implementing these reforms?
**Dr. Sanders:** One major challenge is the resistance to change from within bureaucratic structures that are accustomed to the existing processes. Additionally, there may be concerns regarding the speed of implementing these reforms—there’s a risk that political pressures or external economic factors might slow progress. Ensuring that all levels of government are aligned and committed to this strategy will be essential for success.
**Editor:** Thank you, Dr. Sanders, for your insights on this important topic. It will be interesting to see how these reforms unfold in the coming months.
**Dr. Sanders:** Thank you for having me. I’m looking forward to seeing the positive impact of these measures on the economy.