A "qualitative leap" in investment is expected after the Kuwait conference
Baghdad / Fadia Al-Jawari
"The investment line in Iraq is on its way to move after a long recession," Central Bank spokesman Acer Jabbar said in an interview with Al-Mada. "This year will witness a major and effective move for the investment sector in Iraq at all levels. Opens the way of global and Arab investments to Iraq, especially as it will witness the grant and investment of nearly US $ 100 billion, to rebuild the devastated areas of the impact of terrorism.
"The conference will move the investment movement in the rest of the Iraqi provinces through the completion of service projects and infrastructure, which has been difficult because of the financial crisis that hit the country in recent years, noting that" there is guidance to government and private banks to provide appropriate procedures and facilitate the task of foreign investors and local, There are some laws do not allow investment within the banks themselves, while there are other windows to deal effectively to attract investment, especially after the Kuwait Conference, so that the private sector has a role in the process of growth and increase the employment of labor and less Unemployment and poverty rates, contributing to increased country imports. " For his part, says economic expert Salim al-Bayati (range) that "
Al-Bayati said that "the reconstruction of the areas destroyed by terrorism has become an urgent need to push for security stability throughout the country and the entire Arab region," adding that "the reconstruction plan will be in two stages, and this is announced by the Ministry of Planning, Between 2018 and 2022, and the second between 2023 and 2028. "He expected that" donor countries announce the value of their pledges of nearly 18 billion dollars, while the grant of Kuwait to the amount of between 100 and 150 million dollars. "The Iraqi Oil Minister Jabbar al-Allaibi, In a press statement from Kuwait recently, that the Kuwait International Conference for the reconstruction of the Arab Will constitute a quantum leap for the opening of Iraq to the countries and international companies, and its advancement through the Kuwait Gate, saying:
Al-Luaibi said that "the reconstruction of the country is not only by opening the doors of investment to companies with the ability and long experience in the areas and paths of reconstruction."
In the same context, Foreign Minister Ibrahim al-Jaafari, during a reception with a Kuwaiti media delegation in Baghdad, stressed that the Iraq reconstruction conference represents a "wonderful gesture". He pointed out that the conference will be a humanitarian event that the world will look forward to. , But it is a significant impact and prestige and prestige among the world. "
On the concern of donor countries of the security concern that could affect the investment side, Jaafari said:
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