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Al-Khuzaie calls for restructuring the Investment Authority and injecting efficiencies
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A member of the committee monitoring the implementation of the government program and strategic planning for the parliamentary bloc of Prime [You must be registered and logged in to see this link.] Inam Al- [You must be registered and logged in to see this link.] called for the restructuring of the Investment Authority and the inclusion of economic competencies in it, provided that it is outside the scope of party quotas. Al- [You must be registered and logged in to see this link.] said in a statement that "it is no secret to those with economic and financial specialization that Iraq has lost over the past years billions of dollars due to the decline in the rate of foreign investment in all sectors, noting that the report of the United Nations Development Organization of the United Nations, issued recently revealed the loss of Iraq to 36 billion Dollars in just six years. "[You must be registered and logged in to see this link.]
The organization said in its report that Iraq lost about $ 36 billion during the period from 2013 until the end of 2018, noting that last year Iraq lost $ 4.885 billion compared to the loss of $ 5.032 billion in 2017.
She pointed out that the country has lost according to the same report about $ 6.256 billion in 2016 compared to the loss of $ 7.574 billion in 2015, pointing out that the year 2014 is the most loss in the rate of foreign direct investment, where Iraq lost about $ 10.176 billion compared to about $ 2.335 billion in 2013.
She pointed out that these rates reflect the weakness of the government in providing a suitable investment climate to attract investments to the country, pointing to the failure of the Independent Investment Authority to raise the rates of foreign investment in the country as claimed and stated in all occasions and economic events.
"The report and the alarming proportions contained a foreshadowing of the weak economic prospects for Iraq, calling on the Prime [You must be registered and logged in to see this link.] to restructure the Investment Authority and the inclusion of economic competencies, provided that the body is outside the scope of partisan quotas.
[You must be registered and logged in to see this link.]
A member of the committee monitoring the implementation of the government program and strategic planning for the parliamentary bloc of Prime [You must be registered and logged in to see this link.] Inam Al- [You must be registered and logged in to see this link.] called for the restructuring of the Investment Authority and the inclusion of economic competencies in it, provided that it is outside the scope of party quotas. Al- [You must be registered and logged in to see this link.] said in a statement that "it is no secret to those with economic and financial specialization that Iraq has lost over the past years billions of dollars due to the decline in the rate of foreign investment in all sectors, noting that the report of the United Nations Development Organization of the United Nations, issued recently revealed the loss of Iraq to 36 billion Dollars in just six years. "[You must be registered and logged in to see this link.]
The organization said in its report that Iraq lost about $ 36 billion during the period from 2013 until the end of 2018, noting that last year Iraq lost $ 4.885 billion compared to the loss of $ 5.032 billion in 2017.
She pointed out that the country has lost according to the same report about $ 6.256 billion in 2016 compared to the loss of $ 7.574 billion in 2015, pointing out that the year 2014 is the most loss in the rate of foreign direct investment, where Iraq lost about $ 10.176 billion compared to about $ 2.335 billion in 2013.
She pointed out that these rates reflect the weakness of the government in providing a suitable investment climate to attract investments to the country, pointing to the failure of the Independent Investment Authority to raise the rates of foreign investment in the country as claimed and stated in all occasions and economic events.
"The report and the alarming proportions contained a foreshadowing of the weak economic prospects for Iraq, calling on the Prime [You must be registered and logged in to see this link.] to restructure the Investment Authority and the inclusion of economic competencies, provided that the body is outside the scope of partisan quotas.
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