Ambassadors of Britain, Australia and Japan renew their willingness to invest in Iraq

by Hkp1 Sat 27 Jul 2013, 9:20 pm

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Ambassadors of Britain, Australia and Japan renew their willingness to invest in Iraq

by Hkp1 Sat 27 Jul 2013, 9:20 pm

Ambassadors of Britain, Australia and Japan renew their willingness to invest in Iraq

07/28/2013 12:00 AM

Confirmed that the local market focus the world's attention

Baghdad Yasser incumbent
New ambassadors of Britain, Australia, Japan willingness of their countries to invest in Iraq came during a reception and banquet action was brought by members of the public of the Association of private banks in Iraq in honor of ambassadors. In his speech said British Ambassador Simon Coles said the future of Iraq is a very positive indicator that he has substantial resources can employed to achieve economic development in particular, and he enjoyed a growth rate of 9 percent, according to international estimates and reports.

An active role for the private sector

He added that the companies and the major British banks have the desire to invest in Iraq because of the importance of the Iraqi market in many countries of the world and in answering a question (morning) for inhibitor for the companies to invest in the country, said the circumstances experienced by Iraq made it's gray with him at most companies mission and raise concerns, but it needs to be an active role for the Iraqi private sector to change this image and promising to work together in order to encourage British companies and banks to come to Iraq.

He noted that the embassy staff works hard to transfer the real picture to the British government for successful performance and quality of Iraqi banks and the possibility of investment and participation in, stressing his country's keenness and support to achieve reform and economic stability in Iraq. Revealed the British ambassador about the intention of the embassy opening port in Arbil, Kurdistan to grant visa to Iraqis and the end of the month. The British Embassy has opened an outlet in Baghdad recently for the granting of visas for Iraqis to facilitate their travel after it was granted to them in Amman.

Providing facilities

He expressed the British ambassador's willingness embassy to provide all facilities for the money men in Iraq in coordination with the Association of private banks in Iraq as the body representing the private sector. Lama Ambassador of Japan Mpso Mo is the other gave a speech addressed the role of Japanese companies in the implementation of infrastructure projects in Iraq and many projects strategy.

Japanese companies

They noted that Japanese companies are willing to invest in Iraq, but are looking for a solid banking sector is able to provide its services and we are working on activating this aspect with the League at the moment.
Australian economic cooperation

As expressed Ambassador Australia Lendl Sachs her country's desire to deepen economic cooperation with Iraq in various fields, especially in the field of various industries, which is famous for its Australia and that can be transferred to Iraq for the advancement of production, where it can be broad investment in this area, which has all the ingredients for success.

Strengthen the partnership

He was president of the Association of private banks in sweat Adnan Chalabi has made a detailed presentation about the nature of activities undertaken by private banks in Iraq and the size of big money hoping to strengthen cooperation and partnership with international banks to strengthen the financial capacity to accommodate the requirements of construction and reconstruction, investment and development in the country.

Financial solvency

The representative called the Association of the Economic Commission of the Council of Ministers Nawzad dry to the ambassadors in building bridges of cooperation between the Iraqi banks and banks of their countries after they admitted in their speeches potential large possessed by Iraq to contribute to the reconstruction and construction and investment in order to achieve economic development programs in the country. Pointed out The Iraqi banks have solvency after raised their capital to implement the decision of the Central Bank of Iraq that contributes to the provision of banking services required for companies wishing to invest in Iraq and its willingness to participate as well.

Support development programs

As a member of the governing body of the Association of Wadih Handal has said in his speech during the ceremony that the private banks were able, in cooperation and coordination with the Iraqi Central Bank to stabilize the exchange rate of the dollar against the Iraqi dinar. Said Handal ambassadors invited keenness of the private sector to support development programs through the implementation of measures and decisions of the Central stressing the power of the Iraqi dinar and sedate the local economy of what is owned by the Central Bank of the cash reserve is able to cover the needs of Iraq in all circumstances.

Promises ambassadors

Took place after lengthy discussions between the ambassadors and representatives of banks on ways of cooperation and partnership truth for the advancement of the Iraqi economy emerged from the ambassadors promises to provide support and facilities necessary to activate the ties of cooperation with Iraq in general and the private sector in particular.

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