Iraq needs foreign money 12/14/17

by **Rocky** Sat 16 Dec 2017, 4:36 am

Rocky: Admin Assist; Posts : 278239
Join date : 2012-12-21

Post n°1

Iraq needs foreign money 12/14/17

by Rocky Sat 16 Dec 2017, 4:36 am

[You must be registered and logged in to see this image.]

Iraq needs foreign money 12/14/17

Baghdad today - A report by the Financialtribune newspaper reported on Thursday that foreign investors had begun to be attracted to doing business in Iraq as the economic situation improved and the defeat of a nascent organization in the country was announced.

“Many countries have expressed their desire for economic cooperation with Baghdad after they have declared their full victory over terrorism in the country,” the report quoted UN adviser on the Iraqi economy Falah Lami as saying.

“During the past few months, many delegations and government and private companies in Europe and the United States visited Iraq,” he said, adding that “the recent meeting between officials of the Central Bank of Iraq and representatives of Airbus and Total, as well as the visit of the British Prime Minister and a group of American companies” .

“After the announcement of the final victory over terrorism, many indicated that they want to invest in various areas of the Iraqi economy, where Iraq has become a profitable and attractive place for economic cooperation,” Lami said.

“After the fall of oil prices, Baghdad is in dire need of foreign capital,” the UN adviser said. “Chinese companies have already begun investing in the Iraqi economy.”

At the end of 2016, the World Bank approved a $ 1.485 billion new aid package for Iraq aimed at boosting the country’s economy, stimulating private sector growth and job creation, while the country’s 2018 budget said strict costing would help the Iraqi authorities repay part of the Its debts to the International Monetary Fund.

Baghdadtoday.news

by weslin3 Sat 16 Dec 2017, 7:11 am

weslin3

weslin3: Interacting Investor; Posts : 7463
Join date : 2012-12-19

Post n°2

Re: Iraq needs foreign money 12/14/17

by weslin3 Sat 16 Dec 2017, 7:11 am

Declaring security over there was a must or the other countries would not feel safe to enter and rebuild. So now things are opened up.

by sassy Sat 16 Dec 2017, 8:29 am

sassy

sassy: Interacting Investor; Posts : 2030
Join date : 2012-12-20

Post n°3

Re: Iraq needs foreign money 12/14/17

by sassy Sat 16 Dec 2017, 8:29 am

weslin3 wrote:Declaring security over there was a must or the other countries would not feel safe to enter and rebuild. So now things are opened up.