Al-Hamdani: The national economy has passed the stage of danger

Al-Hamdani: The national economy has passed the stage of danger




12/8/2017 12:00 am

During a ceremony honoring businessmen who supported our security forces to stand against
Saddam Hussein, the
Federation of Chambers of Commerce organized a ceremony to honor a number of investors and businessmen in appreciation of their honorable positions by alleviating the effects of the financial distress experienced by the country to support the security forces and support them to stand against terrorism, .
Under the slogan (victories build and build Iraq), the celebration was organized on the occasion of Iraqi Investor Day, during which a number of Iraqi businessmen and investors were honored, in the presence of a number of members of the House of Representatives and heads of Iraqi Chambers of Commerce in the provinces and heads of investment bodies in the provinces and members of the Board of Baghdad Chamber of Commerce with a large number Of businessmen.
Chairman of the Federation of Chambers of Commerce Jaafar al-Hamdani said in a speech: This celebration of honoring 89 investors and businessmen comes in the light of the victories achieved by our armed forces and the suppression of the popular mobilization against the forces of oppression and terrorism "Al-Da'ashi." He pointed out that this honor to the economy and investment who contributed to support the national economy in light of the economic crisis that hit the country Low oil prices.
Al-Hamdani pointed out that the national economy exceeded the stage of danger due to the successful monetary policy of the Central Bank of Iraq and the implementation of the program of financial reform, pointing out that the national economy suffers from structural imbalance as a result of continued deficit in the balance of payments and the government to borrow.
He called for the need to reform the economic reality radically in accordance with the criteria that allow the Iraqi economy to diversify and create areas for borrowing to the private sector and the preparation of a program to train workers and establish a national center for consulting using international expertise.
Chairman of the National Investment Authority Sami Araji spoke during his speech about the grant of the Commission 1389 investment license since 2009 worth 91 billion dollars, which included various industrial sectors, commercial, residential and recreational.
He added that 60 percent of these projects have been completed and 40 percent are lagging behind the lack of implementation of a single window that limits routine procedures and non-allocation of land and the subject of financial financing for investment projects.
Araji pointed out that many businessmen and investors are subjected to extortion or threat, expressing his thanks and appreciation to the President of the Federation Jafar al-Hamdani and the heads of the Iraqi Chambers of Commerce to establish and make this great event.

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