3) The Finance Minister and the Minister of Planning may jointly issue regulations to
assist in the implementation of this Order.
COALITION PROVISIONAL AUTHORITY ORDER NUMBER 39
FOREIGN INVESTMENT
Pursuant to my authority as Administrator of the Coalition Provisional Authority (CPA)
and the laws and usages of war, and consistent with relevant U.N. Security Council
resolutions, including Resolution 1483 (2003),
Having worked closely with the Governing Council to ensure that economic change
occurs in a manner acceptable to the people of Iraq,
Acknowledging the Governing Council’s desire to bring about significant change to the
Iraqi economic system,
Determined to improve the conditions of life, technical skills, and opportunities for all
Iraqis and to fight unemployment with its associated deleterious effect on public security,
Noting that facilitating foreign investment will help to develop infrastructure, foster the
growth of Iraqi business, create jobs, raise capital, result in the introduction of new
technology into Iraq and promote the transfer of knowledge and skills to Iraqis,
Recognizing the problems arising from Iraq’s legal framework regulating commercial
activity and the way in which it was implemented by the former regime,
Recognizing the CPA’s obligation to provide for the effective administration of Iraq, to
ensure the well being of the Iraqi people and to enable the social functions and normal
transactions of every day life,
Acting in a manner consistent with the Report of the Secretary General to the Security
Council of July 17, 2003, concerning the need for the development of Iraq and its
transition from a non-transparent centrally planned economy to a market economy
characterized by sustainable economic growth through the establishment of a dynamic
private sector, and the need to enact institutional and legal reforms to give it effect,
Having coordinated with the international financial institutions, as referenced in
paragraph 8(e) of the U.N. Security Council Resolution 1483,
In close consultation with and acting in coordination with the Governing Council, I
hereby promulgate the following:
CPA/ORD/19 September 2003/39