Alfeli : Investment funds frozen in banks have the perfect solution

Alfeli : Investment funds frozen in banks have the perfect solution

04/14/2014







Housing crisis persistsBAGHDAD - Shkran Fatlawi
The housing problem in Iraq, the challenge that occupies the first place as a legacy for nearly four decades as a result of the isolation of the country from the outside world in terms of scientific , academic and Alkhbreueh and craft as well as the increase in population corresponds to a stop in the investment projects of this stature by modern member of the Investment Authority, d . Thaer Alfeli in answering a question about the "morning" for ways to solve the housing crisis .He said the country needed the ability to more than 3 million housing units, which continues to grow up to four million and a half million units and sees the possibility solved by investment organizations and the private sector


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Alfeli proposes to move the frozen funds in government banks and two Rafidain and Rasheed fact that the money cost the country two losses are inflation through interest rate and the problem of declining economic growth, the lack of investment and said there is a possibility to achieve the development of an enormous this money by lending to the citizens in the projects , as in other countries of the world such as Egypt and the United Arab Emirates , Lebanon, and even in Kurdistan
Investment legislation
He noted that the bank has no less than 90 trillion Iraqi dinars, up to $ 80 billion , mostly frozen and the possibility of a quarter of these amounts to solve the housing problem in the country by lending but lending policy lag is not consistent with the investment and the private sector, so we see the policy of the money accumulated , which has become a burden on the Iraqi economy , which is supposed to lend through some legislation .
Development Bank
Alfeli counting the proposal made by the Ministry of Planning and other ministries , which includes the establishment of " development bank " is supporting investment projects as significant and effective , especially in the housing projects , and he can provide great support and can reduce the gap housing in Iraq by working the pools of residential as well as its potential in solving several Other problems in the forefront of the unemployment problem stifling run of manpower in the construction of residential complexes , let alone solve the problem of economic stagnation in the market.
The development of character
He noted that the activation of the investment will develop the character and provide opportunities for creativity
He stressed the need Alfeli be no central planning within the institutions concerned with the problem of housing.
He pointed out that there are points not interested in the problem and lead to the dispersion of the multiplicity of authorities and lack of coordination between them , stressing that there should be coordination between the General Authority for Investment and the Ministry of Housing and Construction on the subject of housing.

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