The National Investment Authority and the International Finance Corporation (IFC) are hosting a high level Lebanese delegation
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A series of extensive and extensive meetings were held in Baghdad today, which included a number of Lebanese companies in various economic fields, among them an official delegation headed by Lebanese Minister of Communications Dr. Mohammad Shukair. The meeting was attended by Minister of Communications Naim Al-Rubaie, Chairman of the National Investment Authority Sami Al-Araji, Badr is an official of the International Finance Corporation (IFC) in Iraq.
Al-Araji said during the opening of the joint meetings, according to a statement received by "Economy News" that the five-year plan and the next decade of the Iraqi economy include in the most important axes turn the basic sectors in Iraq to productive sectors achieve profits for the State through an investment map prepared for this purpose, Able to stand on its feet by focusing on small and medium enterprises in all sectors.
He pointed out that "the existence of a strict and strong financial and monetary management depends on the transfer of important financial institutions in the country from the case of personal and paper circulation to the electronic system in cooperation with various international parties, thus ensuring the reduction of the risks of administrative corruption and the achievement of important financial revenues to the state."
He pointed out that the opening of more than (20) border ports on Iraq would contribute greatly to the economic openness required and gives opportunities for further border discipline, stressing that there are important economic achievements must appear clearly during the period of (100) Which is subject to direct and detailed follow-up by the Prime Minister to achieve the objectives of the advancement of the Iraqi economy.
He called on Lebanese companies to take their role in the Iraqi market in a manner consistent with the historical and social relationship between the two countries.
Minister of Communications reviewed the most important investment opportunities available in the ministry with the mechanisms and forms of investment, which can enter companies in various jurisdictions in addition to projects to restore infrastructure and investment, as well as transit companies and the transfer of mail between the provinces and projects of electronic portals and other important projects for the Iraqi economy.
And the possibility of dealing with the ministry directly or through the companies specialized in the fields of Internet and information and postal companies and various forms of investment between the public and private sectors, expressing the hope that the Lebanese participation in this area more effective than it is now. "The Fund is working through its financial resources represented by the federal budget and the coordination of loans and grants for the reconstruction and rehabilitation of the areas affected by terrorism and compensation through rehabilitation or new projects. He hoped that the next ten days will present more than ( 440) investment projects in different sectors in the context of the reconstruction campaign of these areas.
For his part, the President of the International Finance Corporation (IFC), "The strategy of the institution is in line with the strategy of the World Bank and the support of the non-oil sector in Iraq by removing the obstacles facing the domestic and foreign sector and improve the investment environment through agreements concluded with, among others, the National Investment Commission with emphasis On the sectors of development and reconstruction targeted at that Iraqi investor at home and abroad to draw him back to the country.
The Lebanese ambassador to Iraq, Ali al-Hibab, who attended the meeting, announced his country's intention to open the Chamber of Commerce and Industry to strengthen the Iraqi-Lebanese relations, which will specialize in the file of reconstruction of Iraq to provide any Lebanese company with the required information.
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