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Planning is discussing with the International Labor Organization a mechanism for benefiting from savings and retirement funds
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Economy News _ Baghdad
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Added 08/14/2023 - 2:05 PM
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Economy News _ Baghdad
Today, Monday, the Ministry of Planning discussed with the International Labor Organization a mechanism for benefiting from savings and retirement funds in stimulating development and diversifying investment sources.
The ministry stated, in a statement received by "Al-Iqtisad News", that "the Ministry of Planning, in cooperation with the International Labor Organization, held today a dialogue seminar on how to benefit from savings, retirement and guarantee funds in stimulating development and diversifying sources of self-investment that supports national development, in the presence of the Undersecretary for Technical Affairs, Maher Hammad Johan. ".
She added, "The representative of the International Labor Organization, Amjad Turabi, gave a presentation on the role of national provident funds in building the Malaysian development experience and lessons learned for Iraq," noting that "social security and retirement funds in Malaysia played an important role in the country's national investment efforts through the availability of a stable and reliable source." For local capital to invest, as these funds helped transform savings into productive investments and support long-term economic growth and development in the country.
For his part, Director of the Department of Macro-Policies and Building Economic Models at the Department of Economic and Financial Policies, Muhammad Shihab Ahmed, gave, according to the statement, "a presentation on the economic role of sovereign funds," explaining "the types of sovereign funds and their objectives, which include: (Public Finance Continuity Fund, savings funds, investment institutions, development funds and retirement reserve funds).
The workshop was attended by the Director General of the Department of Human Development, Maha Abdul Karim Al-Rawi, and representatives of ministries and agencies not associated with a ministry, as well as a number of experts, academics and a number of ministry employees, while it was chaired by the expert Adnan Yassin. The head of the team of experts in the ministry, Ahmed Mohamed Hassan, was its rapporteur.
She added, "The representative of the International Labor Organization, Amjad Turabi, gave a presentation on the role of national provident funds in building the Malaysian development experience and lessons learned for Iraq," noting that "social security and retirement funds in Malaysia played an important role in the country's national investment efforts through the availability of a stable and reliable source." For local capital to invest, as these funds helped transform savings into productive investments and support long-term economic growth and development in the country.
For his part, Director of the Department of Macro-Policies and Building Economic Models at the Department of Economic and Financial Policies, Muhammad Shihab Ahmed, gave, according to the statement, "a presentation on the economic role of sovereign funds," explaining "the types of sovereign funds and their objectives, which include: (Public Finance Continuity Fund, savings funds, investment institutions, development funds and retirement reserve funds).
The workshop was attended by the Director General of the Department of Human Development, Maha Abdul Karim Al-Rawi, and representatives of ministries and agencies not associated with a ministry, as well as a number of experts, academics and a number of ministry employees, while it was chaired by the expert Adnan Yassin. The head of the team of experts in the ministry, Ahmed Mohamed Hassan, was its rapporteur.
Views 20
Added 08/14/2023 - 2:05 PM
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