Specialists: bureaucracy, corruption and security situation behind the reluctance of the investment

Specialists: bureaucracy, corruption and security situation behind the reluctance of the investment process in the country

12-08-2013 10:26 AM

Baghdad (news) / report / Hussein Faleh / .. Despite optimism most circles economic exit of Iraq from the provisions of Chapter VII internationalist achieving growth of the national economy and promote investment flow through international companies, but that the security situation in the country to stop stumbling block. Companies and foreign investment for business and investment in Iraq, particularly during the recent period, which saw Baghdad and the provinces of terrorist attacks that left numerous deaths and injuries.

The confirmed number of MPs and economists that the growth of the investment process in the country need to pause a serious of all institutions, both governmental and non-governmental organizations as well as from officials and security chiefs in order to provide security and the elimination of administrative and financial corruption rampant in all government departments as well as the bureaucracy and red tape in trading, arguing their talk (of the Agency news) that the investment and corporate income will revive the economy and bring prosperity and services to the citizen.

Rapporteur of the Commission on Economy and MP investment Mahma Khalil, said: that Iraq has fertile investment environment enjoying the presence of elements of various economic sectors, but unexploited for investment by the Iraqi side, for many reasons to pay to the reluctance of the investment process.

He said Khalil (of the Agency news): that the reason for the reluctance is due to the bureaucracy prevailing in government departments and routine killer in the transactions and that made investor tired and reluctant to invest, in addition to the deteriorating security situation is the other who sent the message is Mtmona to investors that Iraq is safe and displays your money to danger.

He pointed out: that the legislation in the country is still encouraging investment process, especially relating to the granting land and استملاكها the investors, this also greatly influenced the arrival of foreign investment to invest in the country.

For his part, between a member of the Finance Committee MP Dler capable of: that there is a misconception to invest in Iraq, some imagined that the investor when he presents to Iraq for the purpose of establishment of an investment project, it سيستولي on the ground and will be colonized by them, while it would provide service to the people, the economy and the country.

He is capable (of the Agency news): that most of the world's economies rely on, as well as investments and developments in various fields came through investment, so Iraq must provide safe investment environment for companies to come to Iraq for the purpose of investment.

And rejoiced planners exit of Iraq from the provisions of Chapter VII of the Charter of the United Nations and its liberation from the financial implications of the restrictions in order to encourage capital to come. But before we clear the positive results of these developments, the security situation has a significant setback left their mark in the Iraqi market.

The economic expert on behalf of Jamil, pointed out: that Iraq would emerge from the provisions of Chapter VII, which was imposed on him by the United Nations total optimism that Iraq will regain recovered from economically by bringing global investment firms, international banks and achieve a quantum leap in various fields of life.

He beautiful (of the Agency news): But this optimism dissipated after the deteriorating security situation and dramatically in the country, where he became a stumbling block in front of the advent of companies and foreign investment, hoping to enable the Iraqi forces to achieve security and stability in the country to boost the economy and investment in the country.

He added: investment process needs a major national effort starting from the House of Representatives legislation important economic laws and the government ends and institutions apply القواني on the ground to support and strengthen the national economy.

And that the frequency of capital began to flee from Iraq in anticipation of the continuation of the security situation to deteriorate, especially as the month of July was the most bloody five years ago killed more than a thousand people, according to United Nations figures. But observers noted that the capital was reluctant to come to Iraq before the deteriorating security situation and investment repellant factors are still stronger than the security concerns. / End / 8. G. / Mm

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