Attract foreign investment limits economic fluctuations

Attract foreign investment limits economic fluctuations



06/05/2017 0:00

Baghdad / Imad Emirate
everyone agrees that Iraq is in dire need for investment in all domestic and foreign types, and after a delay the completion of many investment projects over the past years for several reasons, come calls for hard work to stimulate investments in various forms and provide possible facilities to stimulate the economy and reconstruction and stimulate the market Mahlah.alakadimi economic d. Ahmed Omar al- Rawi said that the promotion of domestic and foreign investment requires activating the institutional and legal frameworks to operate in accordance with the rules of transparency to instil confidence among foreign investors in securing investments, noting the "morning" that al - Qaeda institutional is the basis for the organization of any investment activity, and here has become the basic imperatives to achieve stability Without this year , can not for any investor to apply for work in Iraq.
He stressed that the foreign investor fear of dealing with conflicting economic policies and legislation cross and the lack of a clear trend towards investment policy.
He added Rawi Iraq 's need for joint investments between the foreign capital or the Arab and national capital is the transfer of technical expertise to local investors to develop their abilities and their potential , encouraging the use of national employment after the submission of possible facilities and exemptions from fees, taxes and obliging foreign investors to run specific percentages of the labor force to absorb the phenomenon unemployment in the community and the development of administrative and technical financial and banking institutions system in order to be more interactive with savings and investment.
And the narrator to achieve economic growth and improve the standard of living comes from openness to investment, explaining that in Iraq, as a result of the conditions suffered by the economy, especially after the 2014 (lower oil prices), a great need appears to attract investment of various kinds and to overcome all the difficulties and challenges facing the creation of friendly environment, especially that Iraq has the ingredients of the success of the investment offers a lot of natural and human resources.
He stressed the need to direct the state effort to rebuild the infrastructure construction in order to rebuild and revitalize the trade process realized, adding that the lack of sophisticated financial markets are able to meet the investment sector requirements in all its forms is one of the obstacles in the absence provided by these difficulties facing foreign investment.
He concluded the narrator speech by noting that the presence of sophisticated markets helps investment flows process and stimulate citizens to invest their savings, which are still financial institutions, including securities modest Iraq market activity, pointing out that the banking institution suffers from liquidity problems due to the inability to attract domestic savings with the lack of transparency in the management of economic activities, adding that policy - making is another challenge facing the success of the investment, because transparency and clarity have a significant role in the investment decision as it provides information and data to the foreign investor or local managed E of forecasting and planning for investments in Iraq.

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