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The Baghdad Economic Forum and the Secretariat of the Council of Ministers organize a workshop on th

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rocky
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The Baghdad Economic Forum and the Secretariat of the Council of Ministers organize a workshop on th

Post by rocky on Mon Oct 30, 2017 7:23 am

The Baghdad Economic Forum and the Secretariat of the Council of Ministers organize a workshop on the importance of sovereign funds

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Economy News _ Baghdad
The Baghdad Economic Forum, in partnership with the General Secretariat of the Council of Ministers, organized its second workshop under the title "Sovereign Funds and their Role in the Development of the Iraqi Economy", in the presence of a number of concerned officials, parliamentarians, local and foreign economic figures, academics and representatives of some embassies, international organizations, the World Bank and the United Nations. .
"The workshop comes to support the steps taken by the government and the private sector to unify the visions and procedures for developing the Iraqi economy and diversifying the sources of the state's income to face future economic shocks," the statement said. Of the Iraqi national security in order to ensure the success of the process of sustainable development. The workshop aims to come up with recommendations on the sovereign funds to be established as well as to define their objectives and mechanisms for managing and judging them rationally by benefiting from the experiences of other countries that preceded us in this field National and touch to suit the requirements of the Iraqi economy. "
The statement added that "seven research papers discussed during the workshop were presented by a number of researchers, including the paper of the Prime Minister's Advisor for Financial Affairs, the appearance of Mohammed Saleh, entitled" The Sovereign Fund and the Economic Development Guarantees. "It included the meaning of the Sovereign Wealth Fund and how to finance it. Allocations of infrastructure projects in the federal budget available from the country's own resources, and is constantly compensated by withdrawing from it to extinguish the foreign loans provided by the foreign joint venture companies through the foreign government guarantors, To ensure the implementation and funding on a continuous basis to start the work of contracting in Iraq in order to ensure timely and efficient completion and ongoing financing and thus will operate the submersible fund and the function of guarantor and financier of infrastructure projects.
The statement said that "the other research papers were respectively research by the name of Abdul Hadi Hassan, head of the Central Bank of Iraq entitled (the options available to build a sovereign fund in Iraq in the current circumstances and the prospect of future development) presented vision to build a sovereign fund or more and how to manage and As well as a research presented by the former Minister of Science and Technology Raed Fahmi entitled (sovereign funds), in addition to other research by specialists in the field of economy and finance


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